BP's former downstream boss Erginbilgic joins private equity firm GIP

LONDON, Dec 2 (Reuters) - BP's former head of
downstream Tufan Erginbilgic has joined private equity fund
Global Infrastructure Partners (GIP) as a partner, it said in a
statement.

Erginbilgic, who left BP earlier this year after Bernard
Looney was appointed as CEO, will be based in London and help
GIP with finding new investments and developing partnerships in
the energy world.

Private equity funds are expected to play a key role in
acquiring tens of billions worth of oil and gas assets that top
energy companies such as BP and Royal Dutch Shell seek
to sell in coming years as part of a shift towards
renewables.

As head of refining, trading and marketing, known as
downstream, at BP from 2014 to 2020, Erginbilgic oversaw the
sale and upgrades of refineries and expansion of BP's retail
business.
(Reporting by Ron Bousso; Editing by Kirsten Donovan)