Sinopec issues white paper on cutting poverty

China's oil giant, China Petrochemical Corporation, has made it possible for hundreds of students to return to school in Bangor, Nagqu prefecture of southwest China's Tibet autonomous region through its Sinopec Fund since 2002.

It has invested more than 72 million yuan ($10.6 million) in local disadvantaged and needy schools in the past 14 years, including the construction of the Bangor County Sinopec Primary School, which is the tallest school in China, at an elevation of more than 4,700 meters.

Five hundred children from poor families have completed their studies with the help of its poverty alleviation foundation, according to the White Paper on Precise Poverty Alleviation (2002-16) by Sinopec Corp released on Oct 14 in Beijing.