BP sells its 49.9% stake in Indonesia's fuel station network to AKR Corporindo

FinanceInternationalInspenetNov 14, 2026, 11:24 AMAI summary

BP reached a definitive agreement to transfer its 49.9% stake in joint venture PT Aneka Petroindo Raya, operator of the BP-AKR stations in Indonesia, to subsidiaries of its local partner AKR Corporindo for 14.22 million dollars. The deal ends a partnership begun in 2017 and gives AKR Corporindo 100% of the capital. BP frames the sale within a global plan to simplify assets and optimize capital, focused on upstream exploration and decarbonization.

In 35 seconds

BP transfers its 49.9% stake in PT Aneka Petroindo Raya to AKR Corporindo subsidiaries for 14.22 million dollars.
AKR Corporindo consolidates 100% of the joint venture and takes over management of the BP-AKR station network.
The commercial partnership between BP and AKR Corporindo began in 2017.

Read the full story at Inspenet

IASummary generated by artificial intelligence from a story by Inspenet. It may contain errors: the original source prevails.

BP
AKR Corporindo
Indonesia
desinversión
combustibles

Comments

Be respectful. Comments reported by several people are hidden until a moderator reviews them.

You do not need an account to read, only to comment. Sign in with a code sent to your email or with your Google account. We only show the name you choose, never your email.

Keep reading

Trade on the Colombia-Ecuador border picks up after binational agreements
The economy on the border between Colombia and Ecuador is showing signs of recovery after the lifting of tariff and security barriers that hit trade in the first half of 2026. According to Héctor Tovar of the Colombian Truckers Association in Ipiales, the elimination of the 100% security fee on Colombian imports since June 1 encouraged trade agreements and diplomatic rapprochement. About 300 trucks cross the border daily and the transport sector generates more than 5,000 direct and indirect jobs.
FinanceColombiaDiario del Sur11:18 AMAI
RECOPE completes advance contracting of fuel supply for 2027
RECOPE is preparing Costa Rica's fuel supply for 2027 through an annual contracting process that, according to its executive president Karla Montero, allows it to fix components such as freight, insurance and supplier margins. The planning comes after the country's oil bill rose by close to US$700 million in the first nine months of 2026, according to the Central Bank of Costa Rica. Imports totaled US$2.267 billion between January and September, versus US$1.566 billion in the same period of 2025.
FinanceInternationalInspenet10:12 AMAI
Bank of America's Hartnett stays cautious until bond yields and oil prices fall
Michael Hartnett, strategist at Bank of America, and his team are keeping a defensive stance on markets until oil falls below $70 a barrel, the 10-year Treasury yield drops below 4.5% and the dollar weakens. The bank outlines two scenarios for the S&P 500: above 8,000 points or below 7,000. Global equity funds took in $98.3 billion in the week ended November 11.
FinanceInternationalRevista ADVFN10:10 AMAI
Inflation in France reaches 3.4% in October, highest since January 2024
Inflation in France rose to 3.4% year-on-year in October, its highest level since January 2024, driven by higher energy prices, according to final data published by the statistics institute (Insee).
FinanceInternationalSWI swissinfo.ch9:43 AMAI

BP sells its 49.9% stake in Indonesia's fuel station network to AKR Corporindo

In 35 seconds

Comments

Keep reading

Trade on the Colombia-Ecuador border picks up after binational agreements

RECOPE completes advance contracting of fuel supply for 2027

Bank of America's Hartnett stays cautious until bond yields and oil prices fall

Inflation in France reaches 3.4% in October, highest since January 2024