Houston, July 20 Xinhua Xinhua BP20 announced with Houston-based Apache Oil Company United States reached an agreement to sell the latter in the Unite

Houston, July 20 Xinhua Xinhua BP20 announced with Houston-based Apache Oil Company United States reached an agreement to sell the latter in the United States , Canada and Egypt worth about 7.0 billionU.S. dollarAssets to pay the cost of the Gulf of Mexico oil spill .

These assets include in the southeastern New Mexico and Texas, oil and natural gas treatment plant , worth 3.1 billion U.S. dollars ; located in the western Canadian province of Alberta and British Columbia 's natural gas business , valued at 3.25 billion U.S. dollars ; in western Libya, Egypt Desert region's oil exploration and exploitation assets, worth 650 million U.S. dollars .

Under the agreement, Apache will start in the July 30 pay 50 million in cash , the rest will be paid the debt and mortgage assets . According to BP chief executive Tony Hayward 's argument , this transfer of assets as "very good " , these assets " to other companies more valuable . "

Earlier in the day , the British oil company also said that considering the sale of natural gas in Vietnam and Pakistan, two projects hold the assets , valued around 17 billion U.S. dollars.

BP reached an agreement with the U.S. government last month , agreed to set up 20 billion U.S. dollarsFundFor compensation for losses caused by the Gulf of Mexico oil leak . BP intends to sell assets in one year through the fund raising 10 billion U.S. dollars .