COMPANY NEWS: BP negotiates international refining, marketing deals

Oil and gas companies' recent merger and acquisition activity involved various international transactions. BP PLC was a player in two separate deals as the British oil and gas company hones its global refining strategy. BP plans to sell some US refining assets while buying into the German fuels market.In the latest flurry of M&As:BP agreed to sell its Salt Lake City and Man- dan, ND, refineries and associated assets to Tesoro Petroleum Corp., San Antonio, for $677 million, excluding working capital.BP agreed to buy a majority stake in Veba Oel AG in a deal arranged as two joint ventures between BP and Veba's owner, E.On AG. BP will take 51% and operational control of the subsidiar...

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