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BP in £3.5bn Mexican assets sale

Oil giant BP today said it has agreed to sell assets in the US Gulf of Mexico for a total of 5.6 billion US dollars (£3.5 billion) to an American petroleum firm.

The deal with Plains Exploration & Production - which covers five oil and gas fields in the Gulf - will bring BP closer to its target of 38 billion US dollars (£23.7 billion) worth of disposals by the end of next year.

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