BP Exits Indonesian Petrol Station Business, Sells JV Stake to AKR

06:15 AM EST, 11/09/2026 (MT Newswires) -- BP (BP) has exited Indonesia's petrol station business after selling its entire stake in a joint fuel retail venture to AKR Group for $14.22 million, according to an AKR filing with the Indonesia Stock Exchange on Monday. BP sold its 49.9% stake in PT Aneka Petrindo Raya, or APR, its joint venture with AKR established in 2017, to two entities owned by AKR, according to a disclosure by AKR. The transaction was completed under a share purchase agreement dated Nov. 6, it said. As of the end of 2025, BP and AKR operated 70 petrol stations across Indonesia, according to AKR's 2025 sustainability report.