BP agrees to sell global petrochemicals business to INEOS for USD5 billion

MOSCOW (MRC) -- BP has agreed to sell its global petrochemicals business to INEOS for USD5 billion as part of plans to "reinvent" BP into a more focused, integrated energy company, reported S&P Global.The sale agreement comprise all of BP's aromatics and acetyls businesses, including assets, technology and licences, as well as related assets that are concentrated mostly in Asia, the US an

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