Oil Investing News » Sinopec has sought Capacity, Reserves with Addax Bid

Sinopec has sought Capacity, Reserves with Addax Bid

June 25, 2009 @ 4:59 am In Oil Company News

Sinopec, with its $7.2 billion bid for Addax Petroleum, is seeking crucial production capacity and coveted reserves in West Africa and the Middle East to help balance its heavy reliance on crude oil processing.

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