BEIJING (XFN) – China Petroleum & Chemical Corp (Sinopec) (SH A 600028; HK 0386; NYSE SNP) and PetroChina Co Ltd (HK 0857; NYSE PTR) are preparing to build China’s strategic oil reserve depots, the 21st Century Business Herald said. The newspaper quoted sources from Sinopec as saying the company will start building a depot next…

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