BP selling Colombian enterprise to fund Gulf clean-up

Oil giant BP today raised more cash to meet the huge cost of the Gulf of Mexico spill after agreeing the $1.9bn (€1.43bn) sale of its Colombian oil and gas exploration business.

The deal will bring the funds raised by disposals to almost $9bn (€6.8bn) so far after it sold assets in the US, Canada and Egypt to US firm Apache two weeks ago.