Indias Reliance Industries is in talks with BP about
buying the British oil company's petrochemical plant in Malaysia, India's Economic Times
newspaper reported Thursday.
Executives from Reliance Industries and BP have held talks
in Hong Kong about BP's purified terephthalic acid plant in
Malaysia, which has an annual capacity of around 610,000 tons,
the newspaper said, citing an unidentified investment
BP will never comment on speculation, Zukifli
Othman, BP Malaysia's manager for communications & external
affairs, said in the report.
A Reliance Industries spokesperson didn't respond to
requests for comment, the newspaper said.
Dow Jones Newswires