BEIJING, Aug 12 - Chinese oil giant Sinopec Group and Taiwan's Chinese Petroleum Corp (CPC) have agreed to jointly explore an offshore block off northern Australia, companies said on Wednesday. Sinopec Group's international exploration and...
Sinopec Group, the parent of Sinopec<600028><0386><SNP>, on Aug. 10 announced that one of its crude oil refining projects, to be jointly developed with Kuwait Petroleum Corp, will be located in Zhanjiang, Guangdong Province, sources reported.The refining project, which will cost an estimated US$9 billion and...
BEIJING, Aug 10 - China's Sinopec Group and Kuwait's state oil firm have picked Zhanjiang city in southern Guangdong province as the new site for a planned joint venture refinery, Sinopec said on Monday. The...
BEIJING, Aug 3 - State-owned Sinopec Group, China's leading oil and gas company, denied reports on Monday that it was seeking changes in the oil pricing mechanism, which it said allows speculators to anticipate official...
Sinopec<600028><0386><SNP>, the largest refiner in Asia by capacity, produced 149.12 million barrels of crude oil in the first half of this year, whereas it yielded 147.38 million barrels in the corresponding period of last year, according to the statistics released by the firm on its official website. In the period from January...
Declines in Sinopec Corp's domestic fuel sales slowed to 4.8 percent in the second quarter from a double-digit fall in the first, a hint that demand could be recovering in the world's No.2 oil user. Its domestic sales of refined oil products declined 4.8 percent from a year earlier to about 31.28...
CNOOC Ltd<0883><CEO>, a subsidiary of China National Offshore Oil Corp, and Sinopec International Petroleum Exploration and Production Corp, a subsidiary of Sinopec Group, on Jul. 17 announced that they have formed a 50:50 joint venture to purchase a 20% stake in Block 32, an offshore oil asset of Angola, for...
RIYADH, July 11 - Petrochemical firm Saudi Basic Industries Corp <2010.SE> said on Saturday Chinese authorities have approved an equally-owned joint-venture plant with Sinopec <600028.SS>. The firm estimated the cost of the project at $3...
Sinopec<600028><0386><SNP> and Germany-based BASF AG on Tuesday said in a joint statement that they will invest a total of US$1.4 billion to expand their petrochemical complex in Nanjing in eastern China. The new investment is 40% more than originally budgeted for the expansion project....
* Offer of C$52.80 per share * Deal gives Sinopec access to West Africa, Iraq fields * Kurdish assets bring political risks * Addax shares jump 7.3 pct to C$48.96 in Toronto (Recasts to adds...