Sources tell Bloomberg News China's biggest oil refiner, Sinopec (SNP), and U.S. buyout firm TPG...

|By:, SA News Editor

Sources tell Bloomberg News China's biggest oil refiner, Sinopec (SNP), and U.S. buyout firm TPG are sizing up a possible rival bid to Reliance Industries $10-12B offer for bankrupt Dutch-based U.S. petrochemical giant LyondellBasell. However, different sources told Reuters it was "completely incorrect" that the two companies are contemplating such a move.