China National Chemicals Import Export, Sinochem, is inching towards buying over Korea’s bankrupt Inchon Oil Refinery. China Daily has reported that Sinochem is leading three Korean competitors in a bid to take over the smallest of South Korea’s five oil refineries for US$556 million. The newspaper said Sinochem has offered a down payment to Inchon…
CHINA: Sinochem ‘making progress’ to take over South Korea’s Inchon oil refinery
Posted on June 21, 2004 by EnergyAsia