(EnergyAsia, March 27 2013, Wednesday) — China’s largest oil refiner, China Petroleum & Chemical Corp, or Sinopec Corp, has agreed to form an equal joint venture with its parent firm, Sinopec Group, to take over some of the latter’s upstream assets for a total of US$3 billion. The move is aimed at beefing up Sinopec…
CHINA: Sinopec Corp to pay US$1.5 billion for parent’s upstream assets
Posted on March 27, 2013 by EnergyAsia