SHANGHAI (AFX-ASIA) – A-shares of China Petroleum & Chemical Corp (Sinopec) (SH A 600028; HK 0386; NYSE SNP), one of China’s three major oil conglomerates, have been trading lower after the withdrawal of its parent company from a bid to take a stake in a key Kazakhstan oil project, dealers said. Sinopec’s A-shares and its…
CHINA: Sinopec A-shares lower after parent’s setback in Kazakhstan project
Posted on May 23, 2003 by EnergyAsia