You have reached your limit of free News posts.

Please sign up for one of our PREMIUM SUBSCRIPTIONS to continue your access to Global Energy Infrastructure.

BP to Sell Interest in BP-Husky Toledo Refinery to Cenovus

8/9/2022

Press Release-bp bp has agreed to sell its 50% interest in the bp-Husky Toledo Refinery in Ohio to its joint venture partner Cenovus Energy Inc. Under the terms of the deal Cenovus will make a cash payment of $300 million USD to bp at closing, plus other customary adjustments for inventory. bp and Cenovus will also enter into a multi-year product supply agreement. In June 2022, bp signed an agreement to sell its interest in the Sunrise oil sands project in Alberta, Canada, to Cenovus and agreed to acquire Cenovus’s interest in the Bay du Nord project offshore Newfoundland and Labrador. bp has reached an agreement to sell its 50% interest in the bp-Husky Toledo Refinery