BP To Sell German Gasoline Station Unit Aral - Report

BERLIN (AFP)--Cash-strapped British oil giant BP PLC (BP, BP.LN) is looking to sell its German fuel station unit, Aral, for at least EUR2 billion, a German magazine reported Saturday. Wirtschaftswoche cited unnamed investment bankers as saying that potential buyers of Germany's leading petrol station network with 2,500 outlets included France's Total, European rival Avia and Russia's Rosneft. Rosneft has already signaled its interest to BP, which faces a colossal bill from its catastrophic Gulf of Mexico oil spill, in supplying Aral with petrol refined from Russian oil, the weekly said. Rosneft is also eying up refineries owned by BP in northern Germany, the magazine added in a pre-release of an article to be published Monday. BP chief Executive Tony Hayward said he was stepping down on Tuesday, following a string of gaffes as the public face of the firm in its three-month fight to stop oil leaking into the Gulf of Mexico. BP also said it was putting aside more than $32 billion to cover the cost of the spill, and reported a record second-quarter loss of $16.9 billion. (END) Dow Jones Newswires July 31, 2010 10:29 ET (14:29 GMT)