Sinopec, China's top oil refinery, is likely to receive a subsidy from the central government after refining losses in 2007 exceeded those of 2006, the China Securities Journal reported, citing an unnamed inside source. The source said the exact amount of the subsidy had not been determined but US$1.40 billion (RMB10 billion) was a likely figure. Analysts said any subsidy was unlikely to be less than the US$700 million (RMB5 billion) received in 2006 but predictions of the exact amount ranged up ...