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News - Press Release


Wednesday, January 16, 2008

BP Offering 56 retail sites; Available immediately

Chicago, IL - BP released information today that it is offering 56 retail sites across the U.S. for commercial use. Of these sites, 50 are currently closed and six are operating. Some of the sites within this package were previously announced in November as Company-owned, Company-operated locations which BP will be selling over the next two years.

The sites are located in major marketing areas throughout the US, including: Phoenix, AZ; Los Angeles, CA; Atlanta, GA; Chicago, IL; Indianapolis, IN; Cleveland and Columbus, OH; Albany, OR; Pittsburgh, PA; and Seattle, WA. Fifty-two of the 56 sites will be sold with real estate while the remaining four located in Duluth and Suwanee, GA and Brecksville and Bedford, OH, will be sold with lease agreements. As with many properties, these may be sold with deed restrictions as specified on a site by site basis.

NRC Realty & Capital Advisors, LLC has been retained by BP Products North America Inc. and BP West Coast Products LLC to coordinate the sale of the sites. NRC will accept offers submitted by March 6th, 2008. A complete list of sites and information on submitting offers is available online at www.nrc.com/bp, or by calling the NRC Customer Service Center at 800-747-3342, extension 801.

Comprehensive color sales brochures and Property Specific Packages (PSP) are available for each property, including property information, surveys and offering terms and conditions. Each PSP is available at $35 for a hard copy and $25 for a CD-ROM. To order a PSP please contact the NRC Customer Service Center at 800.747.3342, extension 801, or order online at www.nrc.com/bp.

NRC Realty & Capital Advisors, LLC, specializes in the accelerated sale of petroleum industry property and commercial real estate throughout the US, Mexico and Canada, and has sold over 10,000 properties since its inception in 1989. Since 2003, NRC has coordinated the sale of more than 1,600 sites aggregating over $560 million in sales. Clients include major oil companies; well-known convenience store chains and leading franchise and commercial lenders, other retailers; and independent retailers and distributors throughout the country.

BP markets more than 15 billion gallons of gasoline every year to US consumers through 14,000 retail outlets. BP is the single, global brand formed by the combination of the former British Petroleum, Amoco Corporation,