Supply Security: US Billionaire Controls German Refineries
US billionaire A. Gary Klesch is set to influence the German refinery market following BP's announcement that it will sell its Gelsenkirchen refinery to the Klesch Group.
BP to sell German oil refinery as part of $20bn cost-cutting plan
BP is divesting its German oil refinery in Gelsenkirchen to cut costs and streamline operations as part of a broader $20 billion asset sell-off.