Posted on 07/04/2010 8:29:32 PM PDT by Nachum
DUBAI, United Arab Emirates – BP may be looking to sovereign wealth funds in the oil-rich Middle East to fend off takeover bids amid mounting costs from the Gulf of Mexico oil leak disaster, according to reports published Sunday.
The National, an Emirati newspaper, cited unnamed "informed sources" in the region saying that Mideast financial institutions have submitted proposals to BP advisers and are waiting for a response. Among the options being considered are the acquisition of key assets or a direct cash injection to help strengthen the oil giant's balance sheet, according to the English-language paper.
(Excerpt) Read more at news.yahoo.com ...
Gee, about that recent Saudi visit with Obama?
It’s going to zero.
Who’s the guy that tried to backstop C at around 30 and lost big?
I bet the “Boot on the Throat of BP” and similar comments will stop soon after the buyout is over.
This makes a lot of sense for the Arabs.
BP has lots of potentially lucrative leases with the US gov’t for drilling rights all over our nation.
Arabs would love to gain lease rights for the potentially huge rock formation now spewing forth with trillion barrel estimates, amongst others
That might even entice Soros to back away from Brazil drilling and align with the rag-heads!
Zer0 would support that!
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