Sinopec and CNOOC Join Hands for Oil Import

摘要

@@ Sinopec and CNOOC, two of China's big-three oil companies, have set up a joint venture to import crude oil.The joint venture makes CNOOC the fifth largest crude oil importer in China. Following the move, CNOOC is also likely to gain government approval to build a large refinery and market oil products this year, company executives said.