BP sells its 2% equity in PetroChina for $1.65 billion

By OGJ editors
HOUSTON, Jan. 15 -- BP PLC has sold its 2% equity stake in PetroChina Co. Ltd. for $1.65 billion. The stake involved 3.5 billion shares.

Gary Dirks, president of BP China, told reporters that it was time to divest the shares, adding that BP remained committed to China.

BP acquired the PetroChina stake during an international stock float in 2000.