Sinopec Corp denies Addax Petroleum bid

China's largest refiner Sinopec Corp hasn't made a bid for Geneva-based oil producer Addax Petroleum Corp, a company spokesman said yesterday.

But Huang Wensheng, spokesman of Sinopec Corp, said he "isn't clear" if the company's State-owned parent Sinopec Group is making a bid.

The UK's Sunday Times reported earlier that Sinopec bid 4.8 billion pounds ($7.9 billion) for Addax Petroleum. This exceeded an earlier bid by Korean National Oil Corp, the newspaper said without divulging where it got the information.