U.S.-based investment management firm AllianceBernstein LP recently reduced its shareholding in Sinopec<600028><0386><SNP> to 6.76% from 7.14%, according to bourse operator Hong Kong Exchanges and Clearing (HKEx)<0388>. HKEx Monday said in a statement that AllianceBernstein sold...
BEIJING, May 18 - Asia's top refiner Sinopec Group is expected to process 15.57 million tonnes of crude oil in May, or 3.67 million barrels per day, the official People's Daily reported over the weekend,...
Sinopec Group on May 7 signed a strategic agreement with the Beihai municipal government promising to invest RMB 28.4 billion in infrastructure and oil-related development in Tieshan Harbor Industrial Area in Beihai City, Guangxi Zhuang Autonomous Region, sources reported. The first stage of the two-stage...
Praxair Inc announced that its wholly-owned subsidiary, Praxair (China) Investment Co Ltd has set up a joint venture (JV) with China's largest oil refiner, China Petroleum & Chemical Corp (Sinopec Group), in Guangzhou province, southern China. Known as Praxair-GPC Industrial Gases Co Ltd, the JV is expected...
Beijing's new price control regime and China's likely bottoming out set stage for refiner's earnings recovery. HONG KONG -- Sinopec looks better poised to capitalize on China's economic recovery than PetroChina.
Sinopec<600028><0386><SNP>, the largest refiner in Asia by capacity, recorded net profit of RMB 11.19 billion in the first quarter of this year, a yea-on-year jump of 84.7%, sources reported, citing a statement filed with the Hong Kong Stock Exchange late on Apr. 28. Cash flow from the operating activities of the oil...
Sinopec Shanghai Petrochemical Co Ltd<600688><338><SHI> recorded net profit of RMB 164.07 million in the first quarter of this year, whereas it had losses of RMB 200 million a year earlier, sources reported. The earnings were caused by a decline in the price of crude oil from January to March. In the same period...
Sinopec<600028><386><SNP>, the largest refiner in Asia by capacity, has inked an agreement with Japan-based Mitsubishi Chemical Holdings to enhance their business cooperation, sources reported.The two parties will cooperate in areas of material procurement, personnel exchange and R&D, including...
Royal Dutch Shell Plc (Shell) is in talks with China National Petroleum Corp (CNPC) and China Petrochemical Corp (Sinopec Group) on a possible joint bid for the Kirkuk oilfield development in northern Iraq's, sources reported.Shell, hoping to get approval from CNPC to explore Jinqiu gas field in China's...
Government of Singapore Investment Corp (GIC), a global investment management company established in 1981 to manage Singapore's foreign reserves, cut its H-share holdings in Sinopec Shanghai Petrochemical Co Ltd (SPC)<600688><338><SHI> to 6.81% from the previous 7.08%, as per industry...