CHINA'S SINOPEC SEEKING BROADER BUSINESS SCOPE, FOREIGN VENTURES

China National Petrochemical Corp. (Sinopec), China's state owned company overseeing most of the nation's refining and petrochemical infrastructure, is expanding its horizons to foreign opportunities. In coming years, Sinopec plans to expand its overseas businesses, including setting up Sino-foreign joint ventures abroad and cooperating in trade with bordering countries, especially the former Soviet Union. Sinopec also will pursue more foreign capital to set up joint ventures.

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