BP plans slew of deals with firms from China

Oil and gas giant BP Plc is expected to sign several agreements with Chinese companies during President Xi Jinping's ongoing state visit to the United Kingdom, as the two countries strive for greater energy cooperation.

"We see great potential for enhanced cooperation and collaboration between both sides, and the agreements will demonstrate our long-standing commitment to China," said Dev Sanyal, BP's executive vice-president for strategy and regions, without giving more details on the possible contracts.

Last year, BP signed a deal worth around $20 billion to supply liquefied natural gas to China National Offshore Oil Corp during Premier Li Keqiang's official visit to the country.