China Petroleum & Chemical Corporation (Sinopec Corp.) is proposing to acquire the upstream oil and gas assets in the UK, Russia, Colombia, Kazakhstan and other countries from its holding company China Petrochemical Corporation (Sinopec Group). This transaction is currently under negotiation. This move will help Sinopec Corp. increase participation in the global oil and gas production and exploration market.
Click to read CODA's article: "Sinopec Corp. Proposes to Acquire Group’s Overseas Oil and Gas Assets" (Chinese Only).
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