China In Talks With North American Energy Companies For Oil, Gas

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China Petroleum and Chemical Corp., or Sinopec Corp., is continuously in talks with U.S. and Canadian companies to secure unconventional sources of oil and gas ....

Sinopec is speaking to companies besides Chesapeake Energy, Fu said. Rival China National Offshore Oil Corp. (CNOOC) recently bought stakes in Chesapeake's U.S. shale gas blocks.

Sinopec has been maintaining maximum output of refined oil products at its refineries to ensure domestic supply.

Although China cut the retail price of gasoline and diesel this week, Sinopec's refineries are still maintaining full levels of production ...