BEIJING (AFX-ASIA) – The planned purchase by China Petroleum & Chemical Corp (Sinopec) (SHA 600028; HK 0386; NYSE SNP) of two oil refineries in northwest China from its state-owned parent will challenge the dominance of PetroChina Co Ltd (HK 0857; NYSE PTR) in its traditional stronghold, a senior company official told AFX-Asia. Earlier, Sinopec announced…
CHINA: Sinopec launches drive into PetroChina stronghold with refinery deals
Posted on January 6, 2004 by EnergyAsia