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China Life, ENN keen on Sinopec retail unit

China Petroleum & Chemical Corp, Asia's top refiner, drew interest from China Life, the nation's biggest insurance company, and gas supplier ENN Energy Holdings Ltd as it seeks to raise about $16 billion selling a stake in its retail unit. Sinopec, has shortlisted 37 potential buyers for its retail unit and is in talks to complete terms, the refiner's Chairman Fu Chengyu said this week. It is seeking to raise as much as 100 billion yuan ($16.3 billion) by selling about a third of its stake in China's biggest fuel-station operator, people familiar with the matter said in July.

Apparent oil demand falls by 2.1% in July