China Petroleum & Chemical Corp (0386.HK)
20 Nov 2018
Wed, Nov 7 2018
SHANGHAI China's state-owned Sinopec signed purchase agreements worth $45.6 billion on Thursday, covering supplies of crude oil, chemicals, coal and equipment.
BEIJING China's Sinopec and CNPC [CNPET.UL] are speeding up drilling and exploration from major tight and shale oil and gas formations in the country's western regions to boost domestic output, according to company reports on Monday.
BEIJING, Oct 30 Chinese oil and gas major Sinopec's net profit rose to 18.38 billion yuan ($2.64 billion) in the third quarter, up 60 percent from a year earlier, on robust refining margins and improving earnings from crude oil and gas production.
* Graphic on petrochemical demand: https://tmsnrt.rs/2CLOJhM (Adds BASF CEO, context on costs, batteries)
BEIJING, Oct 29 German chemical giant BASF said on Monday it has signed a memorandum of understanding with China's Sinopec Corp to build a steam cracker with annual capacity of one million tonnes in the eastern Chinese city of Nanjing.
UPDATE 1-China's Sinopec in talks for more Papua New Guinea LNG ahead of winter demand surge -sources
* China demand seen surging more than 40 pct this year -analyst
SINGAPORE, Oct 19 Unipec Asia, the trading arm of Chinese oil major Sinopec , is in talks to buy more liquefied natural gas (LNG) from the Exxon Mobil Corp-operated Papua New Guinea project, five industry sources told Reuters.
BEIJING/SINGAPORE China's Sinopec Corp is halving loadings of crude oil from Iran this month, as the state refiner comes under intense pressure from Washington to comply with a U.S. ban on Iranian oil from November, said people with knowledge of the matter.
* Not clear if Zhuhai Zhenrong, another major lifter, has cut
WINNIPEG, Manitoba China's Sinopec Corp has joined a group planning to build an oil refinery in Alberta, an enterprise that would strengthen demand for the Canadian province's heavily discounted crude.