Sinopec looking to forge ties with e-commerce firms

Joint enterprises to involve 'creative' petroleum retailing, the group says

Sinopec Group, China's largest oil refiner and distributor, welcomes different forms of cooperation with e-commerce companies in its petroleum retailing business which has huge potential, according to a company announcement on Monday.

"Sinopec welcomes both private and social capital to participate in the business of selling petroleum, providing better services for customers," said the company's official Weibo account, saying that the idea of e-commerce companies joining Sinopec's sales unit is "interesting and creative".