China's Sinopec plans its biggest capital expenditure in history | Hellenic Shipping News Worldwide
China Petroleum & Chemical Corp 600028.SS, better known as Sinopec, is planning its highest capital investment in history for 2022 after recording its best profit in a decade, echoing Beijing’s call for energy companies to raise production. Sinopec expects to spend 198 billion yuan ($31.10 billion) in 2022, up 18% from a year ago, beating ...