Hong Kong-There are opportunities for acquisitions in the current low oil price environment, but the time is not yet right to act, Chinese state-owned company Sinopec’s chairman Fu Chengyu said Monday. The company, also known as China Petrochemical Corp., had been very active up until the last two years. It had mounted multibillion deals to buy shale assets in North America, stakes in global LNG export projects and boosted its conventional resources in areas such as the UK North Sea, Middle East and Africa.
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