Sinopec denies merger talks   

中石化回应与中石油合并传闻 称从未听说此事

中国石化新闻发言人吕大鹏表示：“第一，我们内部从来没有听说过这个事。第二，我们的原则是对传言不做评价。因为是外媒传出来的，他们可能有自己的信息源，这个我们也不是很清楚。”[查看全文]

(ECNS) -- China Petrochemical Corporation (Sinopec Group) has denied reported merger plans regarding another domestic energy giant.

Sinopec spokesman Lv Dapeng said, "We have never heard any internal talk about this case ...... And our principle is to make no comment on rumors."

China is reportedly considering the merger of its state-owned oil and gas companies in a bid to cut costs and streamline operations.

One plan is said to combine China National Petroleum Corporation (CNPC) and Sinopec. Other options include merging Sinopec with China National Offshore Oil Corporation (CNOOC).