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BP Exits Petrol Station JV with AKR in Indonesia

MT Newswires·11/09/2026 06:03:13
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06:03 AM EST, 11/09/2026 (MT Newswires) -- BP (BP.L) divested its 49.9% stake in a petrol station joint venture in Indonesia to partner AKR Corporindo, IDN Financials reported on Monday, citing the bulk logistics and infrastructure company. The London-listed energy giant previously held the interest in Aneka Petrindo Raya, d/b/a BP-AKR Fuels Retail, through BP Global Investments. The joint venture ended 2025 with 70 petrol stations in operation across Indonesia. AKR acquired the interest in the joint venture through Anugerah Krida Retailindo and Andahanesa Abadi. AKR President Director Haryanto Adikoesoemo said the divestment is part of BP's portfolio simplification strategy. BP did not immediately respond to a request for comment from MT Newswires.