Sinopec is said to be probed by U.S. over Nigeria payments

Sinopec is said to be probed by U.S. over Nigeria payments

A pedestrian walks past a China Petroleum & Chemical Corp. (Sinopec) gas station in Hong Kong, China, on Monday, March 17, 2014. Photographer: Brent Lewin/Bloomberg

U.S. authorities are investigating China Petroleum & Chemical Corp. over allegations that the state-controlled oil producer paid Nigerian officials about $100 million worth of bribes to resolve a business dispute, according to people familiar with the probe.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter