(EnergyAsia, September 23 2010, Thursday) — UK energy major BP said it will divest its interests in Malaysian ethylene and polyethylene production to national oil and gas company Petronas. BP will sell off its 15% stake in Ethylene Malaysia Sdn Bhd (EMSB) and 60% stake in Polyethylene Malaysia Sdn Bhd (PEMSB) for US$363 million in…
MALAYSIA: BP to sell its local ethylene and polyethylene stakes to Petronas for US$363 million
Posted on September 22, 2010 by EnergyAsia