PetroChina to sell West-to-East 5% stake to China Petroleum & Chemical

PetroChina Co. (0857), China's No. 1 oil producer, has agreed to sell 5 percent of its stake in the West-to-East gas project to China Petroleum & Chemical Corp. (0386), the nation's biggest oil refiner, the Ming Pao newspaper reported. That's despite the fact that Sinopec had hoped to acquire an 8 percent to 10 percent stake, the Hong Kong newspaper citing mainland

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