China’s Sinopec charts global expansion as it looks to build its first fully-controlled overseas refinery

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Open this photo in gallery: The logo of Sinopec is displayed during the LNG 2023 energy trade show, in Vancouver, on July 12, 2023.Chris Helgren/Reuters Chinese state energy giant Sinopec is pushing for greater access to Sri Lanka’s market, where rival India is also seeking to expand its presence, as it looks to build its first fully-controlled overseas refinery, reflecting a change in the firm’s global strategy to compensate for slowing demand growth at home. Sinopec, the world’s largest oil refiner, is expected to complete a feasibility study by June for a plant at the Chinese-run Hambantota port, after winning...