BP Sells 25% Stake In TANAP Pipeline To Apollo For $1 Billion, Eyes Further Low-Carbon Collaboration
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 21 2025
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Source: Benzinga
BP and Apollo Global Management Partnership: BP has announced that Apollo-managed funds will acquire a 25% non-controlling stake in BP Pipelines (TANAP) Ltd for approximately $1 billion, allowing BP to monetize its interest in the TANAP pipeline while retaining majority control and governance rights.
Strategic Collaboration and Future Plans: The deal is part of BP's $20 billion divestment strategy and aims to enhance collaboration between BP and Apollo in infrastructure, gas, and low-carbon energy assets, with the transaction expected to close by Q2 2025 pending regulatory approvals.
Analyst Views on OILT
Wall Street analysts forecast OILT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for OILT is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
