Sinopec to Stop Exports of Refined Products Amid Growing Demand, an Industrial Info News Alert

BEIJING -- (MARKET WIRE) -- 06/04/08 -- Researched by Industrial Info Resources (Sugar Land, Texas) -- China Petroleum and Chemical Corporation (Sinopec) (NYSE:SNP) (Beijing) announced on May 26, 2008, that it will stop exports of refined products this summer because of rising domestic demand, especially during the Olympics. The company said it will increase imports and delay unit overhauls to safeguard a constant supply to the quake-hit Sichuan Province while also meeting demand during the summer harvest and the Olympics in August.

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