Daily Telegraph
Libya has expressed an interest in building a stake in BP, describing the oil company as a bargain following its Gulf of Mexico oil spill.
By Rowena Mason
Published: 9:03PM BST 05 Jul 2010
Share in BP rose 3.5pc to 333.3p in London, following weekend speculation that the company had been in contact with sovereign wealth funds about them buying stakes.
Shokri Ghanem, the chairman of Libya’s National Oil Corporation, told a newswire that: “BP is interesting now with the price lower by half and I still have trust in BP. I will recommend it to the Libyan Investment Authority.”
He later added: “I think that BP shares are good value for bargain hunters,”