Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.

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.

(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,