Sinopec, Asia"s biggest refiner, plans to construct state-controlled industries, as China"s energy companies search for private capital
Sinopec, officially known as China Petroleum & Chemical Corp., will sell 30 percent of its oil retail business for an expected USD20 billion worth
PetroChina and its parent, China National Petroleum, plan to launch areas including pipelines, oil and gas exploration and refining to private capital
Sinopec Chairman Fu Chengyu said: "In 2014, the company expects to make significant advances in its development by fully embracing reform, leading to corporate transformation, organizational vigor and stronger corporate values.
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