State refiners, private chemical giants to bid in China reserve auction


Top state refiners Sinopec Corp, PetroChina and leading private chemical giants like Hengli Petrochemical 600346.SS and Zhejiang Petrochemical Corp are set to join the country's first state oil reserve auction on Friday, company and trading sources said.

China, the world's second-largest oil consumer, is set to auction for the first time state crude...