03:06 PM EST, 11/04/2024 (MT Newswires) -- BP (BP) joint venture Pan American Energy Group is considering an investment to produce sustainable aviation fuel at its refinery in Buenos Aires, Argentina, Bloomberg reported Monday, citing people familiar with the matter.

Pan American Energy Group, in which BP holds a 50% stake, is assessing a major upgrade to its Campana refinery, but a final decision has yet to be made, and BP may still opt out of the project, the people told Bloomberg.

A spokesperson for Pan American declined Bloomberg's request to comment.

BP and Pan American Energy Group did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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