BP to sell $1.7bn stake in China chemical unit

01 May 2017, London — BP Plc has agreed to sell its stake in a Chinese petrochemical venture to a unit of China Petroleum & Chemical Corp for $1.7bn. The British company will divest its 50% interest in Shanghai SECCO Petrochemical Co to Gaoqiao Petrochemical Co, it said. The sale, likely to be completed by […] More »