BP Europa is seeking potential buyers for the BP Gelsenkirchen refining site in Germany and related refinery assets. The marketing process, which will start immediately, includes the BP refinery in Gelsenkirchen and DHC Solvent Chemie in Mülheim an der Ruhr.

(Reuters) -BP plans to sell its BP Gelsenkirchen refining site in Germany, it announced on Thursday, as CEO Murray Auchincloss pushes on with plans to cut costs by at least $2 billion. "BP needs to continually manage its global portfolio as we position to grow as a simpler,

BP Plc plans to sell oil refining and chemical assets in Germany, as the company scales back operations in the country due to high costs.Most Read from BloombergCitadel to Leave Namesake Chicago Tower as Employees RelocateState Farm Seeks Emergency California Rate Hike After FiresTransportation Memos Favor Places With Higher Birth and Marriage RatesSan Francisco Wants Wealthy Donors to Help Fix Fentanyl CrisisNY Transit Advocate Says Billions in Tax Hikes Would Fix MTAThe process,

BP Plc said it will look to sell its oil refinery at Gelsenkirchen in Germany, as well as some chemical assets in the country.