(EnergyAsia, May 22, Tuesday) — Asia’s largest oil refiner, China’s Sinopec, is planning to establish a new subsidiary to manage its strategic oil reserves, and by default, a large part of the country’s stockpile. The details of the new company are still being worked out. Sinopec said it needed to better manage its oil…
CHINA: Sinopec, PetroChina, Sinochem to set up subsidiaries to store and manage oil
Posted on May 22, 2007 by EnergyAsia