China Petroleum & Chemical Corp. (ADR) (NYSE:SNP)
CAPS Rating:
The Company currently explores for, develop and produce crude oil and natural gas in a number of areas across China.
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The Company currently explores for, develop and produce crude oil and natural gas in a number of areas across China.
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Oil demand increases (in China) but need more refineries to keep up with demand. State owned and infusing money into the companies deludes the value for now.