CHINA PETROLEUM & CHEMICAL CORPORATION HONG KONG (Reuters) - State-owned China Petroleum & Chemical Corp (Sinopec) (>> China Petroleum & Chemical Corp)<0386.HK> is currently discussing the conditions put forward by British oil and gas major BP plc (>> BP plc) for its planned exit from their SECCO petrochemicals joint venture, a Sinopec spokesman told Reuters on Tuesday.
Reuters earlier reported that BP has hired an investment bank to find buyers for its 50 percent stake in SECCO, a deal that could fetch up to $3 billion.
The Sinopec spokesman said the company had not made a decision on whether to buy BP's stake.
(Reporting by Denny Thomas and Tris Pan; Editing by Will Waterman)
Stocks treated in this article : China Petroleum & Chemical Corp, BP plc
