BP rescue could be launched in Middle East - The National Newspaper

Financial institutions in the Middle East are understood to be considering a strategic investment in BP, the oil giant racked by problems caused by the oil spill in the Gulf of Mexico.

Informed sources said proposals from the region had already been made to BP advisers in London, and a response was awaited.

“BP knows there is potential support from the Middle East,” said one informed source. Middle East investors would also consider buying key assets from BP, he said.