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BP agrees to sell its 34.3% interest in the Yacheng gas field in the South China Sea to Kuwait's...

BP agrees to sell its 34.3% interest in the Yacheng gas field in the South China Sea to Kuwait's national oil company for $308M, pushing BP a step closer to achieving its targeted $38B in asset sales. Yacheng is the largest offshore natural gas-producing field in China; the deal boosts the Kuwaiti firm's stake to 49%.
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