Chinese refiner says it get 7.1 bln yuan in imported oil subsidy BEIJING, May 27 (Xinhua) -- China Petroleum and Chemical Corp. (CPCC), the country's largest oil refiner, said it received 7.1 billion yuan (one billion U.S.dollars) in oil subsidies in April.

Text of report by official Chinese news agency Xin

Chairman of China Petroleum and Chemical Corporation resigns BEIJING, June 22 (Xinhua) -- Chen Tonghai has resigned from the post of board chairman of the China Petroleum and Chemical Corporation, known as Sinopec Corp., the company said in a statement released on Friday.

McDonald's Corp. opened its first drive-through in Beijing on Friday, launching a partnership with a major Chinese oil company to exploit the country's growing taste for both cars and Western fast food.

Sinopec launches million-ton ethylene project in N. China TIANJIN, June 26 (Xinhua) -- China Petroleum and Chemical Corporation, or known as the Sinopec, launches on Monday a one- million-ton ethylene project in Binghai New Zone, north China's Tianjin Municipality.