News: China Petroleum & Chemical Corp (SNP.N)

SNP.N on New York Stock Exchange

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31 Jul 2014
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Tue, Jul 22 2014

Update-Moody's : CNPC and Sinopec can withstand overcapacity challenges

China National Petroleum Corporation (CNPC) and China Petroleum and Chemical Corporation (Sinopec)

China's oil imports from Iran rise nearly 50 percent Jan-June

BEIJING - China's crude imports from Iran in the first half of the year were up nearly 50 percent, although shipments in June dropped nearly a third from May to the lowest level in four months.

UPDATE 2-China's oil imports from Iran rise nearly 50 pct Jan-June

* June crude imports from Iran at 531,200 bpd, up 38 pct y/y

Sinopec's Fuling verified as China's first large shale gas play

BEIJING, July 17 - The Chinese government has verified shale gas reserves in Sinopec Corp's Fuling field in the southwest of the country, signalling the official launch of the commercial development of China's first large shale gas field.

REFILE-UPDATE 1-China's May Iran crude imports up 36 pct, 2nd highest on record

* May imports at 757,900 bpd, +36.4 pct on yr, -5.2 pct on mth

RPT-COLUMN-U.S. fracking giant goes to China: Kemp

LONDON, June 11 - State-of-the-art American fracking technology is coming to China's vast shale deposits as a result of a joint venture between FTS International and Sinopec announced on Tuesday.

REFILE-COLUMN-U.S. fracking giant goes to China: Kemp

LONDON, June 11 - State-of-the-art American fracking technology is coming to China's vast shale deposits as a result of a joint venture between FTS International and Sinopec announced on Tuesday.

China to take more Iranian oil, boosting Asia's total-sources

* China's Sinopec to buy more Iranian oil through to first half of 2014

Sinopec faces inconvenient truth in retail business stake sale

HONG KONG, May 8 - The Easy Joy convenience store attached to a Sinopec petrol station in China's boomtown of Shenzhen sells everything from cookies and gum to mineral water and cigarettes, much like any gas station in the United States or Europe.

China's yuan touches 18-month low, falls for a 4th straight month

* Yuan has shed 3.3 pct against the dollar in 2014 * Currency hit by corporate dollar demand, weak sentiment * PBOC signals passivity, sets slightly lower midpoint * Yuan seen remaining weak at least until mid-May By Lu Jianxin and Pete Sweeney SHANGHAI, April 30 - China's yuan fell again on Wednesday, at one point touching an 18-month low, posting its fourth straight month of losses, which have erased of all of last year's gain. Dealers said corporate demand f

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