British government opposes BP sale

The Britsh lament the fact that Shell is currently in the midst of acquiring BG. The country's government does not really have much room to act, though it has met with BP several times to express its attitude toward the transaction.

Photo: BP

In recent weeks, the British government has stressed to the British oil company BP that it wants the company to remain British, reports The Telegraph.

After the British oil and gas company BG Group received a takeover bid from Shell, and US-based ExxonMobil is expected to make a similar move toward BP, the UK government now states that it will strongly oppose a foreign-based acquisition of BP.

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