Asia's top refiner China Petroleum & Chemical Corp, or Sinopec, said the coronavirus outbreak has had a severe impact on first quarter production and operations.
FILE PHOTO: A pumpjack is seen at the Sinopec-operated Shengli oil field in Dongying, Shandong province, China January 12, 2017. REUTERS/Chen Aizhu
BEIJING - Asia’s top refiner China Petroleum & Chemical Corp, or Sinopec, said the coronavirus outbreak has had a severe impact on first quarter production and operations. The company, which will trim 2020 capital expenditure by 2.5%, was making a detailed plan to reduce capex and would report this in April during first-quarter earnings, a company official said during a conference call on Monday.
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