BP plc has agreed to sell its Canadian natural gas liquids business to Plains Midstream Canada, a subsidiary of Plains All American Pipeline, for $1.67 billion.
The sale, which was announced Thursday, is the latest in a series of transactions that are part of BP’s plan to sell $30 billion worth of assets to cover costs stemming from the oil spill in the Gulf of Mexico in 2010, according to a company press release.
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