BEIJING (AFX-ASIA) – China Petroleum & Chemical Corp (Sinopec) (SH A 600028; HK 0386; NYSE SNP) said it received approval from the National Development and Reform Commission (NDRC) on Jan 16 to issue 3.5 billion yuan in corporate bonds to Chinese citizens, domestic legal persons and institutions. (US$1=8.27 yuan). The company said it will publish…