China Petroleum Isn't Bidding for Addax, Huang Says

Jun 15th, 2009 - Bloomberg

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June 15 (Bloomberg) -- China Petroleum & Chemical Corp.,the Hong Kong-listed unit of China Petrochemical Corp., hasn’tmade a bid for Swiss oil producer Addax Petroleum Corp.,spokesman Huang Wensheng said today.

The U.K.’s Sunday Times reported yesterday that Sinopec, asChina Petroleum is known, bid 4.8 billion pounds ($7.9 billion)for Geneva-based Addax Petroleum. This exceeded an earlier bidby Korean National Oil Corp., the newspaper said without sayingwhere it got the information.

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