China Sinopec to participate in Brazil oil rounds
Vehicles queue for diesel at a Sinopec gas station in Hefei, Anhui province March 30, 2008. China is importing at least 130,000 tonnes of gasoline in April, as state refiners rushed to cover shortfalls due to a raft of plant maintenance works, at a time of thin Asian supply, traders said on Friday. REUTERS

China's Sinopec Corp said it planned to participate in Brazil's next oil and gas bidding rounds, which should be restarted after the passage of a reform of the country's oil law expected this year.

Ding Jingjun, general manager of Sinopec in Brazil, said on Thursday during a presentation in Rio de Janeiro that the company was interested in teaming up with local or multinational partners to explore Brazil's massive subsalt oil reserves.

(Sinopec) will participate actively in bidding rounds for new exploration and production projects, Jingjun said.

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