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$3B Sinopec JV Snaps Up Global Energy Assets From Parent

By Natalie Rodriguez (March 25, 2013, 4:51 PM EDT) -- Sinopec Corp. has formed a new $3 billion joint venture with its parent company, China Petrochemical Corp., that will give it control of several overseas oil and gas assets currently owned by China Petrochemical and bolster its upstream business, it said on Monday....

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