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 ...
Sinopec Corp. (Sinopec) and Saudi Basic Industries Corp. (SABIC) began operations of their new joint venture petrochemical complex in Tianjin Nov. 3. The petrochemical complex, which cost 18.3 billion yuan to build, can produce 1 million tons of ethylene annually and will be operated by the two c...
Sinopec<600028><0386><SNP>, Asia's largest oil refiner, said yesterday that its net profit soared 230.3% year on year to RMB 49.71 billion in the first three quarters of this year.Earnings per share were RMB 0.57, according to the firm's third-quarter results.The firm's net profit in the third quarter was RMB 16.52 billion,...
China Petroleum & Chemical Corporation (Sinopec) reported net earnings of 16.55 billion yuan which calculates to 0.19 yuan of earnings per share for the third quarter Thursday, up 124.1 percent year-on-year, but the net profit dropped 25 percent quarter-on-quarter. The company's net profit in the...
Sinopec Group and OPEC member Kuwait signed on Monday a preliminary pact to build a mega refinery and petrochemical complex in southern China's Zhanjiang city, according to an industry executive. The deal, inked also with local governments, marks another step forward for the planned $9 billion ve...
U.S.-based financial holding company JPMorgan Chase & Co recently reduced its shareholding in China Petroleum & Chemical Corp Ltd<600028><0386><SNP>, which is Asia's largest oil refiner and is known as Sinopec, to 8.84% from the previous 9.08%, according to the bourse operator Hong Kong Exchanges...
BEIJING, Aug 26 - China Sinopec Group's $7.24 billion acquisition of Swiss oil firm Addax Petroleum Corp was approved by the Iraqi government, a local paper quoted a senior Sinopec official as saying on Wednesday....
BEIJING, Aug 25 - Asia's top refiner Sinopec plans to process 97.1 million tonnes of crude oil, or 3.85 million barrels per day (bpd) in the second half, the company-run China Petrochemical News reported on...
HONG KONG, Aug 24 - China's Sinopec Corp <0386.HK>, the world's No.2 oil refiner, said on Monday that it plans total capital expenditure of 120 billion yuan ($17.57 billion) over the next two years to...