China's Sinopec buys overseas assets from parent
HONG KONG (AP) — China's Sinopec says it's acquiring oil and gas assets in Russia, Kazakhstan and Colombia from its parent company to raise profitability and global competitiveness. The state-owned company said it's setting up a $3 billion joint venture with its parent, China Petrochemical Corp., to acquire the assets. Reported by SeattlePI.com 4 minutes ago.
HONG KONG (AP) — China's Sinopec says it's acquiring oil and gas assets in Russia, Kazakhstan and Colombia from its parent company to raise profitability and global competitiveness. The state-owned company said it's setting up a $3 billion joint venture with its parent, China Petrochemical Corp., to acquire the assets. Reported by SeattlePI.com 4 minutes ago.