Sinopec, Marubeni join hands for petrochem projects

Asia's largest refiner Sinopec Corp has formed an alliance with Japanese trading company Marubeni Corp for overseas energy and petrochemical projects in regions like South America and Africa.

Sinopec to explore shale gas in Sichuan

China Petroleum & Chemical Corporation (Sinopec) announced Thursday on its website that it will start explorations for shale gas in Southwest China through a newly-launched division.

Sinopec bets on 8 oil reserve bases

An oil reserve base in Shandong Province, which started construction Thursday, is one of eight planned nationwide that will help China Petrochemical Corp, Asia's largest oil refiner, cope with volatile global crude prices.

Sinopec to boost refining capacity

China's largest refiner Sinopec Group is expected to process 10 percent more crude this year compared with 2009, in order to meet rising domestic demand, a company official said on Tuesday.

Sinopec to boost unconventional gas production capacity by 2015

Sinopec Group (Sinopec), the country's second-largest oil company, plans to increase its unconventional gas production capacity to more than 2.5 billion cubic meters annually by the end of 2015, a move in line with China's efforts to diversify its energy mix.

Shareholders approve Sinopec's 23 bln yuan bond issue plan

China Petroleum and Chemical Corporation (Sinopec) won approval from shareholders on Tuesday for up to 23 billion yuan (3.37 billion U.S. dollars) of convertible bonds issuance plan to support refinery renovation and pipeline construction.

Sinopec's Tianjin complex goes into operation

A petrochemical complex of Sinopec, China's largest refiner, officially went into operation Tuesday, aiming to tap growing demand for fuel oil and chemicals.

Sinopec starts construction of oil reserve in Tianjin

Sinopec, China's second-largest oil company, has begun construction of a commercial crude oil reserve base with a storage capacity of 3.2 million cubic meters in north China.

Sinopec keen on Syrian oil field

More key words: Citic Bnak, subordinated bonds, capital base, capital adequacy, New Century Shipbuilding, IPO

Sinopec's Q1 net profit up 39.93%

China Petroleum and Chemical Corporation (Sinopec), China's largest oil refiner, said late Wednesday its net profit in the first quarter of 2010 rose by 39.93 percent year-on-year, due to rebounding domestic demands.

Sinopec apologizes for spoiled gasoline

Sinopec Tuesday publicly apologized to customers for its bad 93-octane gasoline.

Sinopec to pay US$4.65 bln for oil sands

China's oil giant, Sinopec, plans to buy Conoco Phillips' stake in the huge Syncrude project in Canada's oil sands.

Sinopec to buy 9.03% stake in Canada's Syncrude

American oil company ConocoPhillips will sell its stake in Syncrude, a leading Canadian producer of crude oil from oil sands, to China oil giant Sinopec, according to an announcement by ConocoPhilips on Tuesday morning.

Sinopec buys Angola stake

Sinopec yesterday said it will buy a stake in an Angolan oil field from its parent for US$2.46 billion, marking its first foray into upstream exploration and production overseas to cushion the impact of volatile oil prices.

Sinopec's Sichuan-Shanghai gas pipeline operational

Asia's biggest oil refiner, China Petroleum and Chemical Corp. (Sinopec), reported Monday that it has begun pumping gas through the Sichuan-Shanghai natural gas pipeline.

Sinopec to buy Angolan oil assets

More key words: BYD, Daimler, Maybach, Pacific Century, AIG, PineBridge

Net profit of Sinopec more than doubles in 2009

Asia's top oil refiner China Petroleum and Chemical Corp. reported that its net profit for 2009 topped 61.76 billion yuan, up 116.5%, according to international accounting standards.

Sinopec involved in Daimler bribery case

Daimler was charged by the US government of offering bribes worth tens of millions of dollars to foreign government officials in at least 22 countries, for contracts between 1998 and 2008.

Spring output boost for Sinopec's Maoming plant

Following this winter's harsh business chill, China's second-largest refinery is now feeling the warmth of spring, said Xu Xiankun, president of Sinopec Maoming Petrochemical Corp's ethylene facility.

Sinopec to forge 1,660-km LNG pipeline

China's largest refiner Sinopec will start a 1,660-km liquefied natural gas (LNG) pipeline in May to channel the clean fuel from its Puguang gas field in Sichuan province to Shanghai, Jiangsu and Zhejiang provinces, a source familiar with the project said Wednesday.

Sinopec mulls oil refinery JV with ExxonMobil, Aramco

Sinopec, China's largest oil refiner, is considering joining forces with two global oil conglomerates to build an oil refinery able to process 12 million tons of crude per year in Fujian, a source familiar with the matter said on Monday.

US$1.4b expansion for joint Sinopec-BASF project

On the outskirts of Nanjing, capital of Jiangsu province, a joint project between China's largest refiner Sinopec and German chemical company BASF is undergoing a new round of expansion.

Sinopec: our gas in Hong Kong is fine

China Petrochemical Corp, Asia's largest refiner, released a statement on January 4 claiming the liquefied petroleum gas (LPG) sold in Hong Kong had no quality problems after checking the operation process. Recently thousands of Hong Kong taxis and mini buses flamed out after using Sinopec's gas.

Sinopec faces difficult 2010

Despite an improving global economy, China Petrochemical Corp, Asia's largest refiner, still faces challenges in 2010 as it will be hit by a double whammy of rising crude oil prices and sluggish retail prices due to an oversupply situation.

Sinopec seals 1st LNG deal

China's Sinopec Corp has struck its first deal to purchase liquefied natural gas, agreeing to buy 2 million tons per year for 20 years from ExxonMobil's Papua New Guinea project.

Sinopec has no plan to buy bankrupt chemical giant

More key words: Shanda, Ku6, Carlyle, China Pacific Insurance, soybean oil

Sinopec keen despite Iraq snub

Sinopec said yesterday it remains active in its efforts to bid for oilfields in Iraq despite earlier rebuff.

Sinopec keen despite Iraq snub

Sinopec said yesterday it remains active in its efforts to bid for oilfields in Iraq despite earlier rebuff.

Sinopec to buy LNG from ExxonMobil

China's second largest oil company, Sinopec Corp, yesterday signed its first purchase deal for liquefied natural gas (LNG) with US oil major ExxonMobil, in a move to expand its share in the rapidly growing domestic gas market.

Sinopec JV petrochem unit kicks off

Asia's largest refiner, Sinopec Corp (Sinopec), and Saudi Basic Industries Corp (SABIC) inaugurated their new petrochemical complex, which can produce 1 million tons of ethylene annually and cost 18.3 billion yuan, in Tianjin yesterday.

Sinopec Q3 net doubles

China Petroleum and Chemical Corp. (Sinopec), Asia's largest oil refiner, said Thursday that its net profit in the first three quarters surged 230.3 percent to 49.7 billion yuan (7.3 billion U.S. dollars) due to an adjusted refined oil prices in domestic market.