China Petrochemical Corp (Sinopec Group), the parent of Sinopec<600028><0386><SNP>, will begin to drill its first oil well in Nigeria-Sao Tome and Principe Joint Development Zone (JDZ) next month, said two officials of the firm, sources reported....
China Petrochemical Corp (Sinopec Group), the parent of Sinopec<600028><0386><SNP>, on Jun. 23 posted RMB 114.4 billion in losses in the oil refining business for 2008 resulting from the high price of crude oil, sources reported.According to the statistics released by the oil giant, the group's processed crude oil...
Sinopec<600028><0386><SNP>, the largest oil refiner in Asia, on Tuesday announced that it will issue RMB 20 billion in three-year medium-term notes on Jun. 26.The interest rate will be determined through process of book -building, said the company in a statement. The notes, this year's second batch, will become tradable on Jun. 30....
China Petrochemical Corp (Sinopec Group), the parent of Sinopec<600028><0386><SNP>, intends to drill its first deepwater well next year in the South China Sea, said two unnamed officials with the company on Tuesday, Dow Jones Newswires reported....
* KNOC, Sinopec competing for Addax takeover -sources * Bids value Addax at more than $8 bln -sources * Both sides currently in negotiations -sources HONG KONG, June 17 - Korea National Oil Co (KNOC)...
BEIJING, June 17 - China's Sinopec Group is sinking a seventh exploration well in Saudi Arabia to hunt for natural gas, after the previous six found no flows of commercial value, partly due to low...
Sinopec Shanghai Petrochemical Co Ltd<600688><0338><SHI>, the largest ethylene producer in China, on Thursday filed a statement with the Shanghai Stock Exchange predicting a net profit in the first half of this year, whereas according to Chinese accounting standards it saw a net loss of RMB 372.8 million...
Sinopec<600028><0386><SNP>, the largest refiner in Asia by capacity, reportedly hopes to purchase a 100% stake in Canada-based Addax Petroleum Corp, which is engaged in the oil and gas businesses in Africa and selected countries in the Middle East, for up to US$8 billion, the South China Morning Post...
Government of Singapore Investment Corp (GIC), a global investment management company established in 1981 to manage Singapore's foreign reserves, has cut its H-share holding in Sinopec Shanghai Petrochemical Co Ltd<600688><0338><SHI> to 4.8% from the previous 5.02%, according to the bourse...
Facing dismal prospects for its petrochemical business in Japan, Mitsubishi Chemical has reached an agreement in principle to team up with Sinopec...