China Petroleum and Chemical Corp. (SNP) is "One to Watch"
Founded in 2000 by China Petrochemical Corporation, (Sinopec Group), China Petroleum and Chemical Corp. (NASDAQ: SNP), or Sinopec, has risen to become China’s top refiner and second largest crude oil producer. China’s sturdy economic growth, paired with increased oil refining capacity is responsible for the rise in crude oil imports. Through more than 80 subsidiaries, Sinopec operates as an integrated oil and gas, and chemical company in the People’s Republic of China and Hong Kong. The company is involved in the exploration, development, production and marketing of crude oil and natural gas; transporting crude oil and natural gas and other…