Sinopec could take 15% stake in Petronas project, Reuters reports Sinopec is in discussions to buy a 15% stake in Petronas' Canadian liquefied natural gas project, Reuters reports, citing three sources. The $20B Pacific Northwest LNG project is due to start up in 2018. Reference Link
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Sinopec downgraded to Market Perform from Outperform at Bernstein Bernstein downgraded Sinopec as the firm was disappointed by the price the company received for its Marketing Co subsidiary. The firm also thinks that Sinopec's decision to acquire the petrochemical assets of Yizheng Company is misguided.