China's hunger to control the resources that fuel its growth shows no signs of abating as China...

|By:, SA News Editor

China's hunger to control the resources that fuel its growth shows no signs of abating as China Petrochemical (SNP) agrees to pay $3.54B to buy a 30% stake in the Brazilian unit of Portugal's Galp Energia (GLPEY.PK). Including projected capital spending, Sinopec’s total investment will be about $5.18B.