Sinopec Company News
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China's Surging Gasoline Exports Hurting Regional Refiners
Tuesday, January 15, 2019Fitch Solutions Macro Research identifies factors driving growth in China's gasoline exports.
China's Sinopec Plans To Build Canadian Oil Refinery
Friday, September 14, 2018Sinopec has joined a group planning to build an oil refinery in Alberta.
Sinopec Says Some Refineries Would Be Hit By A Halt In Iran Crude Buying
Monday, August 27, 2018A senior executive at Sinopec says that some of its refineries will be negatively affected if it stops importing Iranian crude.
South African Watchdog Approves Glencore's Bid For Chevron Assets
Thursday, August 23, 2018South Africa's competition watchdog approved Glencore's roughly $900 million bid for Chevron's local and Botswana assets.
Sinopec, Zhejiang Group To Build LNG Terminal, First Phase Set For End-2021
Wednesday, August 22, 2018Sinopec has teamed with Zhejiang Energy Group on a LNG terminal in east China.
China Sells Diesel To South Africa As Refiners Seek New Export Markets
Monday, August 20, 2018Sinopec is selling diesel as far afield as South Africa as China's refiners seek homes for their surplus fuel in the latest sign of troubles in the domestic refining business.
China's Sinopec Expects Best Quarter In Years Boosted By Oil Revival
Tuesday, July 24, 2018China Petroleum and Chemical Corp expects to report its best quarter since 2013.
Sinopec Plans To Extend Cuts In Saudi Crude Oil Imports To June, July
Wednesday, April 25, 2018Sinopec plans to continue to cut their Saudi Arabian crude oil purchases for June and July loadings.
Sinopec Group to Lift Gas Supplies, LNG Receiving Capacity
Monday, April 02, 2018China's Sinopec group expects to increase its natural gas supplies significantly in the next six years as it aims to shift to produce more clean fuels.
Sinopec Inks First Deal To Buy Oil Priced Off Shanghai Crude Futures
Monday, March 26, 2018Unipec has inked a deal with a western oil major to buy Middle East crude priced against the newly-launched Shanghai crude future.
China's Domestic LNG Plants Reopen After Shutdowns As Heating Crisis Eases
Wednesday, February 28, 2018At least 10 of China's domestic LNG plants have resumed output in the past week.
Lead a Chinese Oil Giant and Get a Fraction of Your Peers' Pay
Wednesday, December 27, 2017The next chief of Sinopec Group can expect to get a fraction of what counterparts at international energy companies earn.
Report: Quarter Of Oil Refineries Risk Closure Under Climate Goals
Thursday, November 02, 2017A quarter of the world's oil refineries risk closure by 2035 if governments meet targets to limit fossil fuel burning.
Sources: China's Sinopec Mulls US Oil Projects Ahead Of Trump's Visit
Tuesday, October 31, 2017Sinopec is evaluating two projects in the United States that could boost Gulf Coast crude oil exports.
Sinopec's Oil Refining Overcomes Continued Upstream Losses
Monday, October 30, 2017China Petroleum & Chemical Corp. says 3Q profit advanced 13%.
Buyers Eye Sinopec's Argentina Oil Assets in Sale Worth Up to $1B - Sources
Monday, October 09, 2017Two sources said the Sinopec assets would be a tough sell.
Shengli Oilfield Cuts Internet For Some Offices After Cyber Attack
Monday, August 21, 2017Sinopec's Shengli Oilfield says it will cut its Internet connection for some of its offices, the company says.
Sinopec Engineering Arm Taps Asia Petrochemicals Growth
Monday, August 21, 2017Sinopec Engineering won 17.8 billion yuan ($2.67 billion) of new contracts in the first half.
Sinopec To Invest $5B In Gas Pipeline For New Economic Zone
Tuesday, July 25, 2017Sinopec will invest $5.1 billion in a gas pipeline project.
South Africa Wants Sinopec to Retain Refinery Capacity
Thursday, May 25, 2017Sinopec will pay almost $1 billion for a 75 percent stake in Chevron's South African assets and its subsidiary in Botswana to secure its first major refinery in Africa, the companies announced in March.
China's Unipec Will Keep Reselling Term LNG Cargoes -President
Wednesday, May 17, 2017Sinopec's trading arm resold more than 2 million tonnes of term cargoes of LNG last year and expects to sell more this year, president Chen Bo said on Wednesday.
China's Sinopec Buys First Major African Refinery In Chevron Deal
Wednesday, March 22, 2017China's Sinopec agrees to pay almost $1 billion for a 75% stake in Chevron Corp's South African assets and its subsidiary in Botswana, securing its first major refinery on the continent.
China's Sinopec Close To Snapping Up Chevron's South African Oil Assets
Friday, March 17, 2017China Petroleum and Chemical Corp (Sinopec) is nearing an agreement to buy a majority stake in Chevron Corp's South African assets.
Aramco's Malaysia Deal Gives Saudis Upper Hand In Fight For Asia Oil Share
Tuesday, February 28, 2017Top global oil exporter Saudi Arabia broke from the pack in the race to lock up Asian market share after agreeing on Tuesday to pump $7 billion into a refinery-petrochemical complex in Malaysia.
China To Tender More Xinjiang Oil, Gas Blocks To Non-State Firms
Monday, January 23, 2017China will auction about 30 oil and gas blocks in the northwestern region of Xinjiang this year to investors outside the top state energy firms, state media reported.
China's Sinopec Weighs Takeover Of Gulf Keystone
Tuesday, December 13, 2016China's Sinopec Corp is weighing a takeover of Gulf Keystone Petroleum, an oil company operating in the Kurdistan region of Iraq, Bloomberg reported on Tuesday.
Sao Tome To Terminate Oil Block With Sinopec-Sonangol Joint Venture
Wednesday, December 07, 2016Sao Tome and Principe has decided to terminate an oil concession granted to Sinoangol.
China Oil Output Drops To 6-Year Low As State Giants Shut Fields
Tuesday, September 13, 2016China's crude oil output dropped to the lowest in more than six years as the country's state-run energy giants continued to pump less from aging, high-cost fields.
As Oil Giants Dally Over Glut, Asia Gets To Work On Output Cuts
Wednesday, September 07, 2016As the world's biggest crude producers stop short of taking action to address the global oversupply, output cuts by their largest customers are helping to mop up the glut.
Sinopec Expects Profit from Argentina Unit if Oil Recovers
Friday, September 02, 2016China's Sinopec says losses from its Argentina unit could be 'greatly reduced' if oil prices rise.
PETRONAS $8.5B Canada Gas Plan Buoyed By Aboriginal Vote
Monday, August 29, 2016PETRONAS' proposed $8.5 billion liquefied natural gas export plant in Canada is getting a boost as an aboriginal community signals openness to the project amid speculation that the location may be changed.
Profit At China's Sinopec Slumps 21.6% In First Half
Monday, August 29, 2016China Petroleum and Chemical Corp., or Sinopec, says its net profit fell 21.6 percent in the first half of 2016, hurt by a steep decline in international oil prices.
Iran Likely to Grant Development of 2 Oil Fields to China's CNPC, Sinopec
Wednesday, August 24, 2016Iran is likely to grant the development of 2 major oil fields in the country's southwestern Khouzestan province to China's CNPC and Sinopec.
China Oil Giants Seen Soothing Investors With Post-Crash Payouts
Tuesday, August 23, 2016China's biggest oil companies may use special dividends to soothe investors after the collapse in energy prices.
China Crude Output Falls To Five-Year Low In July
Friday, August 12, 2016China's crude oil production in July fell 8.1 percent from a year ago to the lowest since October 2011 on a daily basis, as low prices limit the incentive to keep some wells operating in the world's fourth-largest oil producer.
Sinopec To Pay 29.8M Yuan In Compensation For Pipeline Blast
Friday, August 05, 2016A Sinopec Corp subsidiary agrees to pay compensation of $4.5 million for damages caused by an explosion last month on a section of the Sichuan-East China natural gas pipeline.
Sinopec To Sell Gas Pipeline Stake To No More Than 15 Investors
Wednesday, August 03, 2016China's Sinopec Corp will sell a stake in the Sichuan-East China gas pipeline to no more than 15 investors, the company says in an announcement in Beijing Equity Exchange.
China Pipeline Fire Kills Two, Cuts Gas Supplies
Wednesday, July 20, 2016China's Sinopec has shut down a section of the Sichuan-East China gas pipeline in the country's central region after it was hit by a landslide and fire, killing two people.
Sinopec Subsidiaries Inflated 2014 Revenue By $3.04B
Thursday, June 30, 2016Subsidiaries of China's second-largest energy company Sinopec inflate their 2014 revenue by $3.04 billion, according to a report published by China's auditing department.
Algeria Oil And Gas Output On The Rise
Sunday, June 26, 2016Algeria's oil and gas output is moving back to growth after years of stagnation.
Sinopec Serves $5.5B Arbitration Notice To Repsol
Friday, June 17, 2016Chinese energy conglomerate Sinopec serves an arbitration notice to Spain's Repsol demanding around $5.5 billion in compensation over a 2012 joint venture.
Sinopec Targets 15Bcm Annual Shale Gas Production Capacity In Chongqing
Monday, May 23, 2016Sinopec is targeting annual shale gas production capacity of 15 billion cubic metres and annual shale gas output of 10 bcm in the southwestern city of Chongqing by 2020.
No Big Bang, But Quiet Reforms Reshaping China's Oil And Gas Sector
Thursday, May 12, 2016Expect no radical "big bang" in China's shake-up of its giant state-run energy firms, but a series of experimental and incremental steps that Beijing has quietly embarked on may still bring meaningful change to an economically crucial sector.
CNOOC Overtakes Sinopec as China's Second-Biggest Oil Producer
Tuesday, March 29, 2016Oil's plunge has reordered the pecking order among China's biggest explorers.
Canadian Agency Extends Application For Petronas LNG Project
Monday, March 21, 2016Canadian regulators extended by three months PETRONAS' application to build a liquefied natural gas terminal on the nation's Pacific coast so the Malaysian company can provide more information about the project's environmental impacts.
Company Paper: China's Sinopec to Shut Four Oilfields at Shengli
Wednesday, February 17, 2016China's Sinopec will shut four oilfields this year at Shengli in the eastern province of Shandong, according to a company newspaper.
Wood Mac: 2016 Promises Upstream Opportunities despite Tough Times
Thursday, January 28, 2016A new report from oil and gas consultancy Wood Group shows that 2016 promises many opportunities around the world for the upstream sector in spite of challenging times.
Australia LNG Exports First LNG Cargo
Monday, January 11, 2016Australia Pacific LNG exports its first liquefied natural gas cargo from the Curtis Island facility near Gladstone, Australia.
Sinopec Strikes High-Yielding Oil at China's Beibu Bay Test Well
Wednesday, January 06, 2016Sinopec says it struck high-yielding oil and gas in a test well offshore Beibu Bay near China's southwestern coast, marking a rare offshore oil and gas find by the state firm that is largely focused onshore.
China Energy Giants Seek Last-Minute Sales in Year-End Countdown
Wednesday, November 25, 2015China's biggest energy companies are seeking to unload assets and urging workers to cut costs in a last-minute rush to meet annual government-set growth targets as lower crude prices drag down earnings.