Top Biz News
Sinopec unlikely to inject assets from parent this year
(Agencies)
Updated: 2009-12-14 15:54
China Petroleum & Chemical Corp, or Sinopec is unlikely to buy overseas oil and gas assets from its parent this year as such an asset injection is a complicated process, the Shanghai Securities News reported on Monday, citing its board secretary Huang Wensheng.
Sinopec Group's overseas equity crude oil production will rise to 17 million tons in 2009 after the company bought Addax Petroleum, Huang told reporters and investors on Nov 11, without giving comparative figures.
