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China Petroleum & Chemical Corp (0386.HK)

0386.HK on Hong Kong Stock

6.14HKD
20 Feb 2017
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Wed, Jan 4 2017

Sinopec mandates 6 banks to advise on unit revamp ahead of IPO-IFR

HONG KONG China Petroleum and Chemical Corp (Sinopec) has mandated six banks to advise it on a restructuring of its fuels distribution unit ahead of a planned initial public offering in Hong Kong, IFR reported on Wednesday, citing people close to the deal.

CNPC plans to cut headquarters staff by 20 percent in efficiency drive: microblog

BEIJING China National Petroleum Company [CNPET.UL] plans to cut staff at its Beijing headquarters by 20 percent, the company said in a post on its social media blog on Tuesday, the latest move in an efficiency drive by the country's top state energy group.

China's Sinopec mulls retail unit IPO to raise up to $10 billion: Bloomberg

Oil refiner China Petroleum & Chemical Corp , also known as Sinopec, is considering an initial public offering of its retail business next year in Hong Kong that could raise as much as $10 billion, Bloomberg reported on Tuesday.

China's Sinopec weighs takeover of Gulf Keystone: Bloomberg

China's Sinopec Corp is weighing a takeover of Gulf Keystone Petroleum , an oil company operating in the Kurdistan region of Iraq, Bloomberg reported on Tuesday.

BRIEF-Sinopec says in $4 bln petchem JV with Taiwan firm

BEIJING, Nov 9 A subsidiary of top Asian refiner Sinopec Corp officially launched a 50-50 joint venture with a Taiwanese company to build a petrochemical complex in southeast coastal Fujian province, Sinopec said on Wednesday.

Sinopec's profit rises 11 pct, boosted by refining business

* Jan-Sept oil and gas output down 8 pct; crude down 12.6 pct

CNPC's natgas block in Peru likely has 3-4 TCF in reserves -govt

LIMA, Oct 18 China National Petroleum Corporation Corp likely has 3-4 trillion cubic feet of proven natural gas reserves in an energy block it operates in southern Peru, Peru's president said Tuesday.

UPDATE 1-China Aug crude oil output drops nearly 10 pct to more than 6-yr low

* Sinopec to open new reserves if oil holds at $45-$50 -chairman (Adds details on crude output decline, crude runs and natural gas output)

SK Innovation seeks to expand business cooperation with Sinopec

SEOUL, Sept 9 SK Innovation Co Ltd, which owns South Korea's top refiner SK Energy, said on Friday it is seeking to expand into the refining and lubricant sectors in co-operation with China's Sinopec Corp.

Profit at China's Sinopec slumps 21.6 percent in first half

BEIJING China Petroleum and Chemical Corporation, or Sinopec Corp , said on Sunday its net profit fell 21.6 percent in the first half of 2016, hurt by a steep decline in international oil prices.

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