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Sinopec Says Controlling Shareholder's Unit Adds H-Shares In The Company On Dec 1
Sinopec Appoints Ma Yongsheng As Chairman
China Petroleum & Chemical's Elects Chairman, Plans To Buy Assets
China Petroleum & Chemical Corporation is a China-based energy and chemical company. The Company's segments include Exploration and Development segment, Refining segment, Marketing and Distribution segment, Chemicals segment, and Corporate and Others segment. Exploration and Development segment explores and develops oil fields, as well as produces crude oil and natural gas. Refining segment processes and purifies crude oil, which is sourced from Exploration and Development segment and external suppliers. Marketing and Distribution segment owns and operates oil depots and service stations in China. Chemical segment manufactures and sells petrochemical products, derivative petrochemical products and other chemical products to external customers.
No. 22 Chaoyangmen North Avenue
Non-Executive Chairman of the Board
Chief Financial Officer
Senior Vice President, Director
Senior Vice President, Director
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China's Sinopec has signed a contract with U.S. Venture Global LNG to buy 4 million tonnes of liquefied natural gas (LNG) annually for 20 years.
* 'No precedent for developing shale oil this thick' - expert
China has agreed three huge liquefied natural gas (LNG) deals with U.S. exporter Venture Global LNG as the world's second-biggest economy looks to secure long-term supplies amid soaring gas prices and domestic power shortages.
U.S. exporter Venture Global LNG has signed two 20-year deals with China's state-owned Sinopec to supply liquefied natural gas (LNG) from the Plaquemines plant, according to a document posted on the country's department of energy website.
China has asked local governments and major oil companies to conduct a thorough survey of their mineral reserves as it seeks to provide more "dynamic" updates on the country's mineral wealth for the sake of its energy and economic security.
China Petroleum & Chemical Corp on Sunday reported a 39.15 billion yuan ($6.05 billion) net profit for the first six months of 2021 on the back of renewed fuel demand and a rebound in oil prices amid a recovery from the impact of COVID-19.
China Petroleum and Chemical Corp, also known as Sinopec, has launched the first phase of the Gulei refining complex in Zhangzhou city in China's southeastern Fujian province, the company said in a statement on Thursday.
Singapore sovereign wealth fund GIC will invest $240 million in Arctic Green Energy to support the renewable energy firm's expansion in Asia and Europe, the companies said on Monday.
Chinese state-controlled oil giant Sinopec said it expects to launch its first green hydrogen project, a zero-carbon fuel generated from renewable energy sources, in the Inner Mongolia region in 2022.
Iraq is considering buying ExxonMobil's stake in the southern West Qurna 1 oilfield through state-owned Basra Oil Co (BOC), the country's oil minister said on Monday.
China Petroleum & Chemical Corp swung to a first-quarter profit from a loss a year earlier, with net income reaching 18.54 billion yuan ($2.86 billion), amid a recovery in global oil prices and robust demand for refined oil products.
China's Sinopec has won a deal to develop Iraq's Mansuriya gas field near the Iranian border, the oil ministry said on Tuesday.
China Petroleum & Chemical Corp, better known as Sinopec, plans to increase capital spending by nearly a quarter and raise refinery throughput by 5.5% this year as oil prices and energy demand recovered as the COVID-19 epidemic subsided.
* Sinopec 2021 capex at 167.2 bln yuan vs 135.1 bln yuan in 2020
* PetroChina, Sinopec aim for 35 bcm shale gas output by 2025
Chinese oil majors will struggle to extend fast growth in shale gas production beyond 2025, as complex geology and failure to draw in more investors make it expensive to develop the unconventional resource.
China's Sinopec Corp said on Wednesday it had completed building the first phase of a new shale gas field, Weirong, in southwestern Sichuan province with an annual production capacity of 1 billion cubic meters of natural gas.
Sinopec Corp pledged on Tuesday to maximise domestic gas productions and raise imports of liquefied natural gas (LNG) to record rates as a cold spell hitting large parts of the country this week lifts demand for the winter heating fuel.
* Sinopec Corp's Qilu refinery has resumed operations after a more than three-month overhaul of its 160,000 barrels per day (bpd) crude processing facility, the company said in a statement on Thursday.
China Petroleum & Chemical Corp, or Sinopec, said on Thursday it plans to produce more than 30 billion cubic metres (bcm) of natural gas in 2020, marking an increase of just 1.1% from its output in 2019.
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