JLM Pacific Epoch – Sinopec to Invest Up to $1.1b in Ecuador JV

“Sinopec International Petroleum, a subsidiary of China Petroleum & Chemical Corporation (Sinopec) (NYSE:SNP, 600028.SH, 0386.HK), intends to invest between $1 billion and $1.1 billion to set up a joint venture to explore an Ecuadorian oil field with state-owned Petroecuador, ce.cn reported November 26.”
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