News: China Petroleum & Chemical Corp (600028.SS)
19 Dec 2014
Thu, Dec 18 2014
* Deal should help cement Beijing, Luanda ties (Adds details, background)
MILAN/SINGAPORE - China's state-controlled energy giant Sinopec wants to sell some long-term liquefied natural gas (LNG) import deals as a slowing economy makes them unprofitable, sources say, signaling the end of a five-year boom fueled by rising Chinese demand.
* Sinopec plans to offload Australian, Papua New Guinea supplies
BEIJING, Nov 25 - China's Sinopec opened a new 16-million-barrel commercial crude storage base in southern China's Hainan province last week, receiving a first crude shipment of 100,000 tonnes, or roughly 5 percent of its tank space, the state energy group said.
CALGARY, Alberta, Nov 10 - Sinopec Corp's Canadian unit has agreed to pay a C$150,000 ($132,000) fine for spilling nearly 2,500 barrels of contaminated water into a northern Alberta creek in 2012, regulators in the Western Canadian province said on Monday.
HONG KONG - Asia's largest oil refiner Sinopec Corp, which on Thursday posted a 12 percent fall in quarterly earnings, aims to use part of $17.5 billion in proceeds from a stake sale to boost shale gas production and lower debt.
* Sinopec exec outlines use of stake sale proceeds to analysts
HONG KONG, Oct 30 - Asia's largest oil refiner Sinopec Corp posted a 12 percent fall in third-quarter net profit on Thursday, due to lower international crude prices, weaker refining profits and slowing Chinese oil demand.
HONG KONG, Oct 30 - Asia's largest oil refiner Sinopec Corp posted on Thursday a 12 percent fall in third-quarter net profit, partly because of lower international crude prices, weaker refining profits and slowing Chinese demand.
BEIJING - The little known Asia head of Mercuria will be key in tying the Swiss commodity trader's $3.5 billion acquisition of JP Morgan Chase and Co's physical commodity desk into the company's China business.