04 Aug Sinopec takes steps to reduce expenses

By hellenicshippingnews Sinopec Group, the second-largest energy company in China, plans to cut costs by recalling 40 percent of its overseas staff in the wake of plunging oil prices. Up to 160 employees from Sinopec International Petroleum Exploration & Production Co, a subsidiary of the group focusing on overseas upstream businesses, will be brought back to Sinopec’s … Read full story ›

Source:: Hellenic shipping news Oil