BP is reportedly in talks to sell its 400,780 barrels per day (bpd) Texas City, Texas, refinery to Marathon Petroleum. It is though the plant’s sale could fetch up to £1.5billion.
BP said last year it would put its Texas City and Carson, California, refineries up for sale.
On August 13, the firm announced it would sell the 240,000bpd Carson refinery and related assets for £1.5billion, pending regulatory approval.