(EnergyAsia, May 3 2010, Monday) — Sinopec, China’s biggest refiner, has agreed to pay ConocoPhillips a generous C$4.65 billion to take over its 9.03% stake in oilsands producer Syncrude Canada Ltd. Analysts said the price represents a rough 10% premium over spot market valuation, which ConocoPhillips had held out for since it put its stake…

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