and the North Sea until 1986. In 1966, Burmah acquired Castrol renaming it Burmah-Castrol. The Bank of England came to the rescue of Burmah Oil after the company made large losses on its tanker fleets in 1974. The core of the rescue operation was the provision of a year's grace so that the company could become smaller and more viable. The Bank of England also agreed to guarantee $650 million of the company's foreign currency borrowings. In 2000, Burmah was acquired by the then BP Amoco (now renamed BP). References Further reading A two-volume history of the company was written by T.A.B. Corley: A History of the Burmah Oil Company, 1886–1924 (published 1983) and A History of the Burmah Oil Company. Vol 2, 1924–66 (published 1988). External links Anglo-Persian Oil Company Former BP subsidiaries Economic history of Myanmar Non-renewable resource companies established in 1886 1886 establishments in Scotland Scottish brands Companies based in Glasgow Defunct companies of Scotland Oil and gas companies of Myanmar Oil and gas companies of Scotland Oil and gas companies of Bangladesh 2000 mergers and acquisitions