Fox Business reported that Sinopec Group’s overseas equity oil and gas output surged 24.02 percent.
As quoted in the market news:
Sinopec International Petroleum Exploration & Production Corp. holds most of Sinopec Group’s overseas assets, including a recent 33% investment in five shale blocks owned by U.S.-based Devon Energy Corp. (DVN), the 100% acquisition of Canada’s Daylight Energy Ltd. and a 40% stake in Repsol S.A.’s (REP.MC) Brazilian assets.
