Disposal

BP Amoco PLC
16 November 2000


FOR IMMEDIATE RELEASE
                   49/00

NOVEMBER 15, 2000

The following release was issued in New York at 2100 GMT on November 14, 2000

                   BP TO OFFER THREE US REFINERIES FOR SALE


BP announced today that it intends to sell three of its US refineries and
their associated facilities as part of the company's global refining strategy
detailed in July 2000.  The three refineries - Salt Lake City in Utah, Mandan
in North Dakota and Yorktown in Virginia - have a combined capacity of 177,000
barrels a day.

'These three refineries which are top performers in every area do not fit our
new strategy of retaining only those refineries which provide advantaged
supplies for our marketing operation or are integrated with other parts of our
business but as we have already received a number of unsolicited inquiries
from potential purchasers we anticipate that the sales process will be highly
competitive,' said John Manzoni, BP's regional president for the US eastern
states.

'These divestments together with the recently completed sale of the Alliance
Refinery in Louisiana and the intended sale of our stake in the Singapore
Refining Company will meet our target of reducing worldwide refining capacity
by around 500,000 barrels a day, giving us the flexibility to provide products
for the Group's marketing operations in the most cost effective manner.'

BP said that the three refineries - which primarily supply wholesale product
to the local markets rather than the company's own marketing operations - will
continue to operate normally during the sales process.  BP added that although
it anticipates the assets will be of interest to a number of potential
purchasers it will continue to own and operate the refineries if it does not
receive acceptable offers.

The Salt Lake City refinery employs approximately 190 people and has five
processing units, converting about 55,000 barrels of crude oil a day  into
gasoline, jet fuel, diesel fuel, propane and industrial heating oil.  In
addition to the refinery, the terminal in Salt Lake and those in Boise and
Burley, Idaho, will be offered for sale.

The Mandan refinery employs around 210 people and refines up to 60,000 barrels
of crude a day into gasoline and distillates such as diesel and jet fuel.  The
refinery's bulk storage, pipeline and terminal operations will be included in
the sale.

The Yorktown refinery processes about 62,000 barrels of crude oil a day into
various gasolines and distillates and employs around 200 people.  Other
facilities that will be included in the sale are a deep water dock, waste
water treatment plant, bulk storage tanks and terminal operations.

'Given the quality of the personnel at each of our facilities we would expect
potential purchasers to retain the majority of them,' said Al Kozinski, BP's
group vice president of refining.  'However, should any employee lose their
jobs as a result of the divestments, BP will assist them in finding new
employment and will provide appropriate severance benefits to eligible
employees.'

BP said it would start marketing the refineries in the next few weeks and that
the sale process should be completed by mid-2001.




Notes to Editors:

*      BP's Alliance Refinery in Louisiana was sold to Tosco in September
2000.

*      In addition to the three refineries being offered for sale, BP operates
five other refineries in the US - Whiting in Indiana, Toledo in Ohio, Texas
City in Texas, Cherry Point in Washington and Carson in California.

*      Once the divestment process is complete, BP will have a total worldwide
refining capacity of some 2.8 million barrels a day, of which about 1.5
million barrels will be in the US.

Further information:


Wendy Silcock, BP Press Office, London [phone]

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