China Petroleum & Chemical purchases oil terminal at RMB1.2b in Qingdao

China Petroleum & Chemical Corporation (0386) spokesperson said that the company invested RMB1.2 bln to purchase an oil terminal with a reserve of 1.8 mln cubic meters from the Port Authority of Qingdao. The company reiterated that it would post a growth of 11% this year based on the China accounting rules.

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