China's Sinopec says coronavirus outbreak has had severe impact on Q1

[BEIJING] Asia's top refiner China Petroleum & Chemical Corp, or Sinopec, said the coronavirus outbreak has had a severe impact on first quarter production and operations.

The company, which will trim 2020 capital expenditure by 2.5 per cent , was making a detailed plan to reduce capex and would report this in April during first-quarter earnings, a company official said during a conference call on Monday.

REUTERS

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