SUCCESS SINOPEC MARKETING INITIATIVE NOT YET ASSURED
August 1st, 2014
“Life used to be a lot easier,” grumbles a stressed out executive from Sinopec slouched in his chair at an outlet of Costa Coffee in Chaoyangmen, central Beijing. Over cold latte, the middle-aged administrator explained how there has been a flurry of activity and uncertainty at China’s leading refiner since the launch earlier this year of Sinopec Marketing Co Ltd. The new firm will sell a 30% stake to private investors and will, according to Sinopec’s interim report published this summer, use private investment to “improve its market-oriented ...
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