China’s state-owned Sinopec will shut four oilfields this year at Shengli in the eastern province of Shandong, a company newspaper said late on Tuesday, as low global oil prices take a toll on output of the country’s aging fields. The Shengli Daily cited a meeting that ended on Tuesday, but did not say how much production would be cut, or when the four fields – Xiaoying, Yihezhuang, Taoerhe and Qiaozhuang – would be shut. Sinopec, whose listed flagship is Sinopec Corp, did not immediately provide any comment. The Shengli field, which has been operating since 1974, lost 9.2 billion yuan ($1.41 billion) in 2015, 2.9 billion yuan in January this year, the paper said, due to tumbling global oil prices. […]