(EnergyAsia, December 31, Monday) — China Petroleum and Chemical Corporation (Sinopec Corp) said it is acquiring equity stakes in three oil refineries and 63 retail outlets from its parent company, Sinopec Group Company. Sinopec Corp’s wholly owned subsidiary, Sinopec Yangzi Petrochemical, will acquire equity interests in another two oil refineries from Sinopec Group.The acquisition costs…
CHINA: Sinopec Corp to acquire stake in oil refineries, retail outlets from parent company
Posted on December 30, 2007 by EnergyAsia