Sinopec (SNP) seeks to buy its parent's upstream assets in countries such as U.K., Russia,...
Sinopec (SNP) seeks to buy its parent's upstream assets in countries such as U.K., Russia, Colombia, and Kazakhstan, WSJ reports. The ~$8B acquisition would take place in April and is aimed at putting SNP on par with other international oil majors such as Exxon, Chevron and Shell, whose operations globally span refining, exploration and production of oil and gas.
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