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BP Said to Seek Bids for $2 Billion in U.S. Infrastructure

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BP Plc is seeking buyers for as much as $2 billion of U.S. pipelines and storage terminals, according to people familiar with the matter, making the U.K. energy giant the latest looking to offload some of its non-drilling infrastructure.

In the last two weeks, BP sent offering materials to potential buyers of two batches of assets: Its interest in four pipelines and a gas plant along the Gulf of Mexico, and 15 storage terminals in the Midwest and on the East Coast, said the people, who asked not to be identified because the matter is not public.