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China Petroleum Chemical
built 635 days ago
China Petroleum & Chemical Corporation (Sinopec) is a vertically integrated energy and chemical company. China Petrochemical Corporation, a state owned company, holds a stake of 71.2% in the Sinopec Corporation. The company is primarily engaged in the exploration, production, refining, marketing and distribution of oil and natural gas. It is China's largest producer and supplier of oil products and major petrochemical products. The company primarily operates in China. It is headquartered in Beijing, China and employs about 340,880 people.
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China Petroleum & Chemical Corporation (hereafter referred to as "Sinopec") is a listed company on domestic and international stock exchanges with integrated upstream, midstream and downstream operations, prominent core businesses and a comprehensive marketing network. The Company was set up on 25th February, 2000 by China Petrochemical Corporation (Sinopec Group) as the sole initiator; pursuant to the Company Law of the People's Republic of China.Sinopec is an integrated energy and chemical company. The scope of its business mainly covers oil and gas exploration, development, production and marketing; oil refining; production and sales of petrochemicals, chemical fibers, chemical fertilizers and other chemical products; storage and pipeline transportation of crude oil and natural gas; import, export and import/export agency business of crude oil, natural gas, refined oil products, petrochemicals, chemicals, and other commodities and technologies; research, development and application of technology and information. It is China's largest producer and supplier of oil products (including gasoline, diesel and jet fuel, etc.) and major petrochemical products (including petrochemical intermediates, synthetic resin, synthetic fiber monomers and polymers, synthetic fiber and chemical fertilizer). It is ... China's second largest crude oil producer. www.sinopec.com
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China Petroleum & Chemical Corporation, through its subsidiaries, operates as an integrated oil and gas, and chemical company in the People's Republic of China and Hong Kong. Its oil and gas operations include exploring for, developing, and producing crude oil and natural gas; transporting crude oil, natural gas, and products by pipelines; refining crude oil into finished petroleum products; and marketing crude oil, natural gas, and refined petroleum products. As of December 31, 2006, the company had proved reserves of approximately 2,903 million barrels of oil and 2,856 billion cubic feet of natural gas. The company's chemical operations include the manufacture and marketing of chemicals for industrial uses. Its products include a range of petrochemicals, basic organic chemicals, monomers and polymers for synthetic fiber, polyester chips and polyester fibers, synthetic resin, synthetic fiber, synthetic rubber, and various chemical fertilizers. It has an alliance with McDonald's Corp. to open Drive Through' restaurants in the People's Republic of China.
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China Petroleum & Chemical Corporation, an energy and chemical company, through its subsidiaries, engages in the integrated oil and gas and chemical operations in the People's Republic of China (the PRC). Oil and gas operations consist of exploring for, developing and producing crude oil and natural gas; transporting crude oil, natural gas and products by pipelines; refining crude oil into finished petroleum products; and marketing crude oil, natural gas and refined petroleum products. Chemical operations include the manufacture and marketing of a range of chemicals for industrial uses.
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The proposed ethylene plant in Nansha in the province of Guangdong will produce 1 million metric tons a year of the chemical, Sinopec, as China Petroleum is known, said in its online newsletter today, without giving the refinery size. The approval allows the partners to start feasibility studies on the project, said Sinopec spokesman Huang Wensheng.
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China Petroleum and Chemical Corp. (Sinopec) has denied market talk that it plans to raise around 60 billion yuan (U.S. $8.4 billion) by selling an additional five billion shares. "Sinopec has no such share
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