Reported 23 days ago
Apollo Global Management has struck a $1 billion deal with BP to acquire a stake in a crucial natural gas pipeline in the Caspian region, specifically the Trans Adriatic Pipeline. This move allows BP to optimize its resources amid declining oil prices while securing Apollo access to vital gas infrastructure that supports Europe's energy security. The agreement also opens doors for future collaborations, as both companies explore additional investment opportunities in gas and low carbon energy sectors.
Source: YAHOO