Sinopec to build refining and chemical base in Singapore
China Petroleum and Chemical Corp, which is Asia's largest oil refiner and is also known as Sinopec, plans to build a large-scale refining and chemical base in Singapore, the China Business News reported on Monday, citing an unnamed official from the Singapore Economic Development Board as saying.
Sinopec Group, Asia's biggest oil refiner, is halting fuel exports and cutting petrochemical production to boost output of gasoline and diesel for domestic use, as per Bloomberg.