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BP Seeks Buyers for Petroleum Joint-Venture Assets in China

BP plc (NYSE:BP) (London, England) is seeking buyers for its largest investment in China. BP has a 50% stake in a petrochemicals joint venture…

BP | Petrochemical | China | Refining | Sinopec

Industrial Info

Thu Aug 11 2016

BP Seeks Buyers for Petroleum Joint-Venture Assets in China

BP plc (NYSE:BP) (London, England) is seeking buyers for its largest investment in China. BP has a 50% stake in a petrochemicals joint venture with China Petroleum & Chemical Corporation (Sinopec). According to Reuters, the petrochemical refinery, SECCO, could bring in between $2 billion and $3 billion, as BP attempts to shed assets of which it lacks control. Sinopec, »