10APR2018 - NEWS - Chinese oil and gas company Sinopec plans to reduce crude oil imports from Saudi Arabia due to higher prices

China Petroleum & Chemical Corporation (Sinopec) which is one of the largest crude oil refiner in Asia plans to reduces its crude imports from oil company Saudi Aramco of Saudi Arabia due to higher prices set by the company.  This is due to higher prices set by the oil company Saudi Aramco. Founded during 2000, Sinopec is headquartered at Beijing, China.