SOURCE: Industrial Info Resources

June 18, 2008 05:30 ET

Sinopec Increases Imports and Production of Refined Products to Meet Rising Demands, an Industrial Info News Alert

BEIJING--(Marketwire - June 18, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- China Petroleum & Chemical Corporation (Sinopec) (NYSE:SNP) (Beijing) will double its import of refined products in June and will reduce gas production to produce more diesel because of the rising demand. It is estimated that Sinopec will increase its supply capacity by 700,000 tons after June.

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