BP sells petrochemical arm to Ineos for $5 billion

The fire started at the second floor of New SuperMarket, a shopping centre between the popular Newmarket and Dhaka College at 5.45 am.

British energy group BP, hit hard by the coronavirus pandemic slashing demand for oil, announced Monday the sale of its petrochemical business to rival Ineos for $5.0 billion (4.4 billion euros).

"The agreed sale... will further strengthen BP's balance sheet and delivers its target for agreed divestments a year earlier than originally scheduled," a statement said.