Sinopec heads upstream in Angola

Chinese refiner Sinopec will buy a stake in upstream assets in Angola for $2.46 billion and said it wanted more such deals to shield it from high oil prices that hit its margins in the past quarter.

Making changes: China's Sinopec
Making changes: China's Sinopec
Published 28 March 2010, 23:51Updated 10 October 2016, 15:17
AfricaAsia & Oceania