Sinopec (SNP) launches a new oilfield services division to compete for global engineering and...

|By:, SA News Editor

Sinopec (SNP) launches a new oilfield services division to compete for global engineering and construction business, with a possible stock listing lined up for the unit. The giant division is formed from the consolidation of service departments for eight oilfields and will be responsible for executing overseas contracts worth ~$14.2B.