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  • October 2, 2014
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  1. Sinopec widens horizons with $10b Zhuhai gas plant

    Posted Jul 28th 2006, 12:00am by Fox Yi Hu

    ... with a handling capacity of 2 million tonnes a year, which could be enough to satisfy the needs of Macau's gas-fired power plants. Capacity could be expanded to 5 million tonnes by 2011 and supply ... Fox Yi Hu in Macau and Cheung Chi-fai Sinopec will build a $10 billion liquefied natural gas terminal on an outlying island off Zhuhai after winning a contract to supply natural gas ...

  2. Business - Commodities - DISPOSALS

    Investors dump Sinopec shares on fuel unit deal

    Posted Sep 16th 2014, 03:23am by Eric Ng

    ... a lack of big-name retailers in the buyers' list raises question on the strategic value they will bring. The country's second-largest oil and gas producer closed at HK$7.25, the lowest ... and the emergence of Sinopec Yizheng Chemical Fibre as the listing vehicle of the oilfield services unit of Sinopec's parent China Petrochemical Corp also prompted investors to switch from oil and gas ...

  3. Business - Commodities - DISPOSALS

    Sinopec sells 30pc stake in fuel unit for 107b yuan

    Posted Sep 15th 2014, 04:40am by Eric Ng

    ... unit for 107b yuan China Petroleum & Chemical (Sinopec), the country's second-largest oil and gas producer, has secured commitment from 25 investors to buy 30 per cent of its fuel ... is in line with analysts' estimates of US$15 billion to US$20 billion. The investors are mostly domestic fund management firms outside the energy business. Privately owned natural gas ...

  4. Business - Commodities - ENERGY

    Sinopec cleared to build giant coal-to-gas project

    Posted Aug 27th 2013, 12:00am by Eric Ng

    ... and transmission capacity. Total capacity will be 30 billion to 36 billion cubic metres (bcm). He said by converting coal to gas to fuel power plants, the energy efficiency in coal consumption would double ... to build giant coal-to-gas project China Petroleum & Chemical (Sinopec) has received Beijing's approval for a mega project to turn coal into natural gas as part of the mainland's ...

  5. Business - Commodities - INVESTMENT

    37 investors express interest in Sinopec petrol stations

    Posted Aug 26th 2014, 09:55am by Eric Ng

    ... largest oil and gas producer has received 37 non-binding expressions of interest from would-be investors in its open tender for up to 30 per cent of its fuel distribution operation. The potential ... from oil and gas production to 28.3 billion yuan, and a widening of loss from chemicals production to 3.97 billion yuan from a loss of 409 million yuan. Jefferies Securities’ analysts said ...

  6. Business - China Business - EARNINGS

    Insurer China Life diversifies with bid for Sinopec retail unit

    Posted Aug 28th 2014, 05:03am by Kwong Man-ki

    ... of Sinopec, the nation's second largest oil and gas producer, would likely offer stable returns to the insurer. China Life said the insurance industry faced increasing pressure in the first half ...

  7. News - China - CIVIL DISOBEDIENCE

    Scuffles as Ningbo residents step up chemical plant protest

    Posted Oct 28th 2012, 12:00am by Fiona Tam

    ... Fiona Tam fiona.tam@scmp.com Crowds in Ningbo opposed to expansion of oil refinery and chemical factory clash with police Scuffles as 1,000 protest over chemical plants Demonstrators clashed with riot police in central Ningbo yesterday, as protests against the proposed expansion of a Sinopec plant drew the largest crowds yet. Scuffles were reported outside the city government ...

  8. Business - China Business - MANUFACTURING

    Steel pipe maker Chu Kong up 9.6pc, buoyed by growth in gas projects

    Posted Aug 21st 2012, 12:00am by Eric Ng

    ... in the new plant, which is set to be finished by the end of next year. Chen expected high growth in the oil and gas steel pipe industry in the next few years, led by the construction of four major ... Eric Ng eric.mpng@scmp.com Pipe maker Chu Kong up 9.6pc, buoyed by growth in gas projects Chu Kong Petroleum & Natural Gas Steel Pipe, one of the mainland's biggest makers ...

  9. Business - China Business

    Sinopec and Tencent consider collaboration

    Posted Aug 12th 2014, 04:14pm by Eric Ng, Bien Perez and Sophie Yu

    ... water products as part of the oil and gas major’s effort to expand its non-fuel businesses. ...

  10. Business - China Business - ENERGY

    Ruentex pact paves way for Sinopec retail spin-off

    Posted Aug 04th 2014, 03:40am by Eric Ng

    ... billion yuan, which would help Sinopec cut debt and fund potential purchases of its parent's overseas oil and gas production assets as its domestic oil fields age. It said in June ... priority to invest since they could help Sinopec, the country's second-largest oil and gas producer, better run its retail business, especially in non-fuel sales. Sinopec Sales runs 30,500 ...




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