China Petroleum & Chemical Corp. has revived plans for an initial public offering of its gas-station and convenience-store unit, according to several people familiar with the matter, a deal that could raise as much as $10 billion. The state-run oil firm, also known as Sinopec, is in talks with banks about launching a potential IPO of Sinopec Marketing Co. next year, the people said. A listing in Hong Kong is being considered, although a final decision hasn’t yet been made on the location of the IPO, some of the people added. A potential listing of the unit—which is seen as a test case in China’s attempts to reform its lumbering state-owned enterprises—is one of the options being discussed as part of a broader restructuring, some of the people said. Sinopec had originally planned to […]