Under the oil giant hazeWestern oil companies like Sinopec, Nike Shoes Global which has been able to establish its own rules. Perhaps this is why in China, many regulations to allow the Nike Air Max 90 JCRD Men sulfur content of gasoline up to 150ppm, while the European standard is limited to 10ppm. China Sinopec has a full half of the refining capacity, it must be purchased Lebron James in accordance with the global price of crude oil, refined petrol and diesel but then Women Nike Kobe 9 Elite only in accordance with the provisions of artificially-low prices, which will affect the petrochemical efforts financially. Now Sinopec will lead to further decline, regulators announced earlier this month, China will launch a new diesel fuel standards in July 2013, Women Air Jordan 5 and by December it will be a sulfur content as 10ppm, this standard until 2017 It will be implemented in the country, and the refinery will have to make the appropriate facilities upgrade, sources said, Sinopec has spent a fortune on the cost of maintaining and upgrading refineries. Moody rating agency said New Nike Air Max 2015 Men Sinopec, it takes 300 to 40 billion yuan. The high costs and refining industry will usher in the New Deal and Sinopec planning contrary, Sinopec had Nike Air Max 2015 Men planned to diversify from a single refinery Nike Shoes and began to enter the mining field, even from non-listed parent company Air Jordan 7 Nike Air Max 90 Hyperfuse (Mens) Sinopec plans, where the acquisition of several billion dollars upstream assets. But now if you still do, Sinopec will encounter a much deeper debt problems, a small part of this month petrochemical and shareholders were $ 3 billion of equity swap, in order to dilute their equity share, and the company said the money will It is used for general corporate purposes, but what does it mean. If Sinopec with this $ 3 billion purchase of upstream assets, company management will be questioned. And even more worrying is that the company will face a cash squeeze, no one thinks that the Chinese oil giant will face closure crisis, until you see the gloomy outlook for the petrochemical, like Beijing, like sky.