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Reuters

Exclusive-Sinochem may keep bankrupt refineries as auctions draw scant interest, sources say

Reuters
Summary
Nutrition label

78% Informative

Sinochem Group may keep three bankrupt oil refineries after auctions to sell them drew little interest from other companies.

Failure to sell the refineries may mean state-owned Sinochem will retain them by writing down debts to creditors and renegotiating taxes owed.

The plants, Changyi Petrochemical , Huaxing Petrochemical Group and Zhenghe Group Co , have combined crude processing capacity of 380,000 barrels per day, or 3% of national output.

VR Score

89

Informative language

98

Neutral language

22

Article tone

formal

Language

English

Language complexity

68

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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