BP to quit 5 African countries

OIL major BP said yesterday it would pull out of five countries in southern Africa following a strategy review, but would still invest to grow its market share in Mozambique and SA.

OIL major BP said yesterday it would pull out of five countries in southern Africa following a strategy review, but would still invest to grow its market share in Mozambique and SA.

BP said it plans to sell its marketing businesses in Namibia, Malawi, Tanzania, Zambia and Botswana, but said Mozambique and SA offered better synergies with its supply portfolio. - Reuters

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