02 November 2013

BEIJING, Nov 1 (Reuters) - Sinopec Corp won initial approval last month from China's top economic planner for a plan to build a $10-billion refinery and petrochemical complex in Shanghai, two company officials said.

China, the world's largest net importer of oil, is likely to add 3 million barrels per day, or a quarter of new refining capacity, between 2013 and 2015 to fuel economic growth, industry officials and Chinese media estimate.