Sinopec drills deep into Africa

China Petrochemical Corp, Asia's top refiner, is expanding in Africa through investment and social involvement, Du Juan reports

As Africa becomes increasingly important in the global energy structure, with growing proven reserves of oil and natural gas, China Petrochemical Corp has big plans for the continent.

In the next five years, the company - usually called Sinopec - plans to invest another $20 billion in Africa and deepen cooperation and exchanges with African governments, companies, people and other stakeholders, said Fu Chengyu, chairman of Sinopec.