<p>British energy group BP, hit hard by the <a href="https://www.deccanherald.com/tag/coronavirus" target="_blank">coronavirus </a>pandemic slashing demand for oil, announced Monday the sale of its petrochemical business to rival Ineos for $5.0 billion (4.4 billion euros).</p>.<p>"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.</p>
<p>British energy group BP, hit hard by the <a href="https://www.deccanherald.com/tag/coronavirus" target="_blank">coronavirus </a>pandemic slashing demand for oil, announced Monday the sale of its petrochemical business to rival Ineos for $5.0 billion (4.4 billion euros).</p>.<p>"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.</p>