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"Two firms on ERM's bluechip client list, BP and Sinopec, are big investors in a petrochemical complex on the site, but the Chinese authorities apparently saw no conflict of interest in awarding the environmental evaluation to ERM," explained London's Sunday Times.
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Sinopec is expected to list its shares in October.
Also, based on its sales pitch, Sinopec is a cleaner version of PetroChina.
They were already suffering because, unlike its Chinese peers, Sinopec is heavily exposed to refining.
Sinopec isn't the only Chinese firm looking abroad for energy assets.
Sinopec was advised by Barclays Capital and the law firms Vinson & Elkins and Bennett Jones.
In Daylight, Sinopec is buying one of Canada's smaller energy players.
The Chinese news media reported on Tuesday that Sinopec was considering an investment in YPF of up to $15 billion.
The state-owned Sinopec is the biggest Chinese oil refiner and already owns 5 percent of China Gas.
"Sinopec is trying our best to purchase low-quality crudes — much heavier and more sulfur content," said Evan Jia, a Sinopec spokesman.
Sinopec, which is short for the China Petrochemical Corporation, soon bought the new company, Mr. Andrews-Speed said, even though Sinopec is better known for its expertise in oil refining than oil production or natural gas projects.
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