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Chinese oil giant Sinopec (SNP) will acquire the overseas oil and gas assets of its parent...
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Thursday, March 15, 2012, 7:18 AM ETChinese oil giant Sinopec (SNP) will acquire the overseas oil and gas assets of its parent company, a step in the company's continuing restructuring. PetroChina (PTR) has made a similar move with its parent, and gives both companies more "upstream exposure" to the energy markets.
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