Disposal

BP Amoco PLC
13 July 2000


BP AMOCO SELLS ALLIANCE REFINERY TO TOSCO


BP Amoco announced today that it has entered into a definitive agreement to
sell its Alliance refinery in Belle Chasse, Louisiana to Tosco Corporation for
$660 million. In addition to the refinery, Tosco will purchase the petroleum
inventories maintained by BP Amoco at the Alliance refinery.

The Alliance crude pipeline and products pipeline interests will be sold in
separate transactions to other purchasers, who will enter into agreements with
Tosco to provide for the transportation of feedstocks to and products from the
Alliance refinery. The total proceeds to BP Amoco from the sale of the
refinery and pipeline interests are expected to be approximately $1.1 billion.

Completion of the Alliance refinery sale is subject to the satisfaction of
certain conditions, including regulatory approvals. The sale is expected to
close prior to year-end.

The Alliance refinery is a technically sophisticated 250,000 barrels a day
crude oil refinery which BP acquired from Gulf Oil Company in the mid-1980s.
In addition to its crude processing capabilities, the refinery has catalytic
cracking, coking, catalytic reforming, aromatics and refinery grade propylene
units. The facility currently has approximately 300 employees and Tosco has
agreed to make job offers to the preponderance of these employees.

Commenting on the sale, BP Amoco's chief executive, Refining and Marketing,
Doug Ford said: 'The Alliance Refinery is one of the best sweet crude
refineries in the US and therefore attracted a considerable amount of interest
from potential purchasers. We are particularly delighted that the deal with
Tosco ensures continued employment for most of the current workforce. We will,
of course, be working hard to assist the few employees who may be affected by
the transition to find new employment and providing eligible employees with
severance benefits.'

The sale of the Alliance Business Unit was originally announced by BP Amoco's
group chief executive Sir John Browne in July 1999 as part of a strategic plan
to reduce BP Amoco's ownership of refining assets in the United States and
elsewhere, and place a greater focus on exploration and production, chemical
and marketing activities.

The Alliance Business Unit consists of three major components, including the
Alliance refinery itself. The other two components include 140 miles of crude
oil pipeline interests linking the refinery with Louisiana Offshore Oil Port
(LOOP) and other nearby sources of crude oil feedstocks for the refinery, as
well as a 150 mile petroleum products pipeline linking the refinery with the
Colonial and Plantation products pipelines at Collins, Mississippi and BP
Amoco's Collins products terminal.

BP Amoco today stated that it is in an advanced stage of negotiations with
potential purchasers of the Alliance crude and products pipeline interests and
expects to announce agreements providing for the sales of those interests over
the upcoming weeks.