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Sinopec reviving IPO of retail unit to raise up to US$10b: sources

Sinopec’s retail petrol sales gained 9.8 per cent last year to 58 million tonnes, according to its annual report.

Hong Kong

CHINA Petroleum & Chemical Corp, the world's biggest oil refiner, is reviving a long-mooted initial public offering of its retail business that could raise as much as US$10 billion, sources said.

The state-owned oil company, known as Sinopec, has asked banks to submit...

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