Chinese Oil Giant Sinopec Launches Unit To Invest In Overseas Refining ...Middle East

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Chinese Oil Giant Sinopec Launches Unit To Invest In Overseas Refining
source : OILPRICE ( Middle East ) () 17
Chinese refining giant Sinopec has launched a unit to invest in refining and petrochemicals assets outside China to expand on markets with growing demand and easily available feedstock, company officials have told Reuters. Sinopec is currently building the team at Sinopec Overseas Investment Holding and allocating budgets for the entity that will invest, build, and operate refineries outside China. Sinopec looks to “expand overseas refining and chemical business by taking full advantage of the group's core strength,” Zhao Dong, president…

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