Sinopec<600028><0386><SNP>, the largest refiner in Asia by capacity, yesterday signed a memorandum of understanding with National Iranian Oil Refining and Distribution Co to inject US$6.5 billion into a refining project in Iran, said Noureddin Shahnazizadeh, managing director of the Iranian oil firm, sources...
Sinopec Group, parent of Sinopec<600028><0386><SNP>, the largest refiner in Asia by capacity, and U.S. private equity investment firm TPG are not considering bidding for a stake in bankrupt Dutch chemical firm LyondellBasell Industries, according to Huang Wensheng, a spokesman of the Chinese oil giant.Huang...
* Two sources deny Sinopec, TPG have bid for LyondellBasell * Reported bid would rival offer from Reliance Industry (Adds background) HONG KONG, Nov 25 - Asia's top oil refiner China Petroleum and Chemical Corp...
Sinopec Group plans to spend US$220 million on the construction of a refining base in Primorsky Region, an eastern area in Russia, sources reported.OAO Rosneft, a Russian oil giant, is considering investing the refining project.The refining base, which will comprise a refinery, a power station, a wharf and some...
Sinopec Finance Co., Ltd., the financial platform of China Petroleum & Chemical Corporation (Sinopec) put out an underselling notice to find new hosts for its 10 financial assets at a total price of 186.6 million yuan ($27.33 million) on the China Beijing Equity Exchange Monday. The 10 financial ...
Sinopec<600028><0386><SNP>, Asia's largest oil refiner, predicts that its natural gas output will increase 50% to 12 billion to 13 billion cubic meters next year, according to a senior official of the Chinese oil giant. Xie Dan, vice president of Sinopec's gas unit, said that the company is estimated to produce more than 8...
Sinopec<600028><0386><SNP>, the largest refiner in Asia by capacity, plans to build more than 100 gasoline stations in Chongqing by 2015, sources reported.Around 80 of the new stations will be located in urban districts. At present, Sinopec has more than 90 gas stations in the city, while rival PetroChina Co...
Sinopec<600028><0386><SNP>, the largest refiner in Asia by capacity, on Nov. 6 announced that it plans to issue RMB 15 billion in one-year financing bills on the interbank market on Thursday, market sources reported. The bills will become tradable on Nov. 16, and both value date and payment due date will be Nov....
Sinopec<600028><0386><SNP> and Saudi Basic Industries Corp or SABIC on Tuesday inaugurated an RMB 18.3-billion ethylene project in Tianjin, sources reported.According to the plan, the two firms have set up a 50:50 joint venture called Sinopec SABIC Tianjin Petrochemical Co Ltd to develop the project, which...
China Petroleum & Chemical Corp. (Sinopec) announced Wednesday that its subsidiary China International United Petroleum & Chemical Co., Ltd. (Unipec) has signed a liquified natural gas (LNG) framework agreement with Exxon Mobil Corp. According to the framework, Sinopec agreed to import 2 million ...