Mon05202013

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BP sells Malaysia PTA facility to Reliance

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BP sells Malaysia PTA facility to Reliance, British Petroleum, Reliance Global Holdings Pte Ltd, BP Chemicals (Malaysia) Sdn Bhd, packaging
MALAYSIA –
UK oil and gas giant BP is selling its purified terephthalic acid (PTA) unit in Malaysia to India’s Reliance Global Holdings Pte Ltd for US$230 million cash.

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