Sinopec pays blast costs

Chinese oil giant Sinopec will pay compensation for the oil pipeline blast which left 62 dead, 136 injured and devastated residential and commercial roads in Qingdao, Shandong province, on November 22.

The explosion resulted in a direct economic loss of around 750 million yuan ($123.9 million).

The company also said Sunday evening that November 22 would henceforth be labeled "Production Safety Awareness Day."