IHS Chemical Week

Regions :: Southeast Asia :: Indonesia

BP Sells Malaysian Petrochemical Business to Petronas

2:36 AM MDT | September 1, 2010 | Natasha Alperowicz

BP says it has agreed to sell its interests in ethylene and polyethylene (PE) assets in Malaysia to its partner Petronas. Under the terms of the deal, BP will sell its 15% stake in Ethylene Malaysia Sdn Bhd (EMBS) and its 60% share in Polyethylene Malaysia Sdn Bhd (PEMSB), both of which are operated by Petronas and are located at Kerteh on the east coast of Malaysia. The company says its other businesses in Malaysia are not affected. Petronas will pay $363 million in cash to BP, inclusive of balance sheet adjustment of $13 million and the repayment of a...

This information is only available to Chemical Week subscribers.

Username:
Password:

Forgot your user ID or password?
Click here to have it sent to you.

Risk Free Trial

Email Address

First Name

Last Name

Click here to register and get your RISK-FREE access to chemweek.com

Not an IHS Chemical Week
24/7 member yet?

Here's why you should be:

  • Searchable online archive access of the last 2 years of Chemical Week.
  • Print or digital magazine subscription
  • Price and market change alerts
  • Economic data and statistics
  • Buyers' Guides
  • Webcasts | whitepapers

 

 

 













 
contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2012 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa