Bloomberg News

Vallares Considered Bid for Petoil, Western Zagros, FT Reports

October 15, 2011

Oct. 15 (Bloomberg) -- Vallares Plc, the investment vehicle led by BP Plc’s former Chief Executive Officer Tony Hayward, considered bids for two Kurdistani oil companies, the FT said.

The executive has decided not to purse a purchase of either Petoil or Western Zagros, the newspaper said, citing people close to Hayward.

--Editor: Kim McLaughlin

To contact the reporter on this story: Kari Lundgren in London at klundgren2@bloomberg.net

To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net


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