Mar 17, 2017
BP in talks with Ineos over Forties pipeline sale
BP's Forties Pipeline System transports about 450,000 barrels of oil per day on average - about 40% of UK production. BP and Ineos did not give further details about the discussions, citing commercial confidentiality. "In a statement, the oil giant said:"BP can confirm it is in discussions with Ineos regarding a potential sale of the Forties Pipeline System. The FPS system carries oil from the unmanned offshore Forties Unity platform to an onshore terminal at Cruden Bay in Aberdeenshire. The union Unite, which was involved in a bitter industrial dispute with Ineos at the Grangemouth refinery in 2013, said it would seek an urgent meeting with the chemicals firm to discuss the possible sale.
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