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

SNP.N on New York Stock Exchange

81.20USD
19 Dec 2014
Price Change (% chg)

$2.18 (+2.76%)
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$79.02
Open
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$81.29
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Volume
193,990
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$105.88
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Thu, Dec 18 2014

UPDATE 1-China to loan Angola's Sonangol $2 bln for oil projects

* Deal should help cement Beijing, Luanda ties (Adds details, background)

LNG boom over as China looks to sell out of long-term deals

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.

LNG boom over as China looks to sell out of long-term deals

* Sinopec plans to offload Australian, Papua New Guinea supplies

UPDATE 1-China Sinopec starts 16-mln-bbl crude storage base in Hainan

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.

Sinopec Canada unit fined C$150,000 for pipeline spill

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.

Sinopec eyes shale boost, debt reduction with $17.5 billion stake-sale cash

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.

UPDATE 2-Sinopec eyes shale boost, debt reduction with $17.5 bln stake-sale cash

* Sinopec exec outlines use of stake sale proceeds to analysts

UPDATE 1-Sinopec posts 12 pct fall in Q3 profits, but beats forecasts

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.

Sinopec posts 12 pct fall in Q3 profits, but beats forecasts

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.

Mercuria's third founder: China head eyes long game

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.

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