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  1. Firms estimate disaster losses to cost billions

    Posted May 20th 2008, 12:00am by Carol Chan

    ... Carol Chan Big mainland companies such as China National Petroleum Corp (CNPC) and Agricultural Bank of China estimated billions of yuan in losses from last week's earthquake ... of quake-related losses, while losses at Bank of China amounted to about 160 million yuan as of Sunday, according to the nation's banking regulator. Sichuan-based Dongfang Electric Corp, a power ...

  2. Letters

    Posted Aug 29th 2008, 12:00am by Staff Reporter

    ... supplies that also affect market prices. China's decision to raise the domestic price of its subsidised oil signalled to the market that demand was likely to slow and oil prices began ... state media and sports analysts have shared some of Mr Stewart's views. They claim China is not yet a sporting giant as its performances in athletics, swimming and major team sports still ...

  3. Top oil firms among worst hit by earthquake

    Posted May 15th 2008, 12:00am by Carol Chan

    ... PetroChina reduced gas output in the province by 5.6 million cubic metres per day, the company's parent China National Petroleum Corp said yesterday. Shenzhen-listed Yunnan Copper, ... Daniel Ren in Shanghai, Carol Chan and Natalie Chiu PetroChina, Sinopec Corp and Yunnan Copper Industry are among the companies that will bear the brunt of the 7.8-magnitude earthquake ...

  4. China Resources sets sights on acquisitions

    Posted Sep 04th 2008, 12:00am by Carol Chan

    ... fell 9.5 per cent to HK$31.8 billion. China Resources last year booked a one-off gain of HK$2.39 billion from the HK$4 billion sale of its Hong Kong petrol distribution unit to China Petroleum ... Carol Chan Red-chip conglomerate boosts war chest after 17pc growth in underlying earnings Red-chip conglomerate China Resources Enterprise is on the prowl for acquisitions after a 17 per ...

  5. Amber Energy tumbles 10pc after profit warning

    Posted Nov 07th 2009, 12:00am by Eric Ng

    ... another contributing factor to this year's shortage was the delay in the commissioning of China Petroleum & Chemical Corp's (Sinopec) gas pipeline linking Sichuan province ... of the nation's largest power producer, China Huaneng Group, have also suffered from gas shortages, but the firm received compensation from the local government. Amber has chosen not to pursue sole gas ...

  6. Sinopec looks to parent for fresh assets

    Posted Mar 30th 2010, 12:00am by Eric Ng

    ... Eric Ng China Petroleum & Chemical Corp (Sinopec) may buy more of its parent China Petrochemical Corp's overseas oil and gas assets to offset the relatively weak performance ... Asia's largest oil refiner, unveiled a US$2.46 billion acquisition of a 27.5 per cent interest in an oil field 150km offshore from the African nation of Angola from its parent. The purchase, ...

  7. China Petrochemical misses output goals

    Posted Jan 20th 2009, 12:00am by Eric Ng

    ... Eric Ng China Petrochemical Corp, the country's second-largest oil and gas producer, has announced output figures slightly short of targets, notably in the petrochemical segment that has been pummelled by the global economic slump. The parent company of listed China Petroleum & Chemical Corp (Sinopec) recorded total crude oil output of 41.8 million tonnes last year, up ...

  8. Sinopec, Chalco, China Railway warn of 50pc profit declines

    Posted Jan 23rd 2009, 12:00am by Carol Chan, Eric Ng, Toh Han Shih

    ... Eric Ng, Toh Han Shih and Carol Chan Leading state-owned enterprises China Petroleum & Chemical Corp (Sinopec), Aluminum Corp of China (Chalco) and China Railway Group are warning ... producer, blamed last year's profit drop to falling metal prices and slowing demand because of the global recession, as well as snowstorms in China last year. Analysts widely expected ...

  9. Exxon looks for $11.1b Sinopec exit

    Posted Mar 02nd 2005, 12:00am by Eric Ng

    ... entire stake in China Petroleum & Chemical Corp (Sinopec). According to market sources, Exxon was offering to sell 3.16 billion H shares in China's largest refiner at between $3.38 ... in China's massive east-west national gas pipeline perhaps the largest disappointment. The overseas oil majors have instead limited investments to a handful of massive downstream ethylene projects ...

  10. Developing a special bond with China

    Posted Sep 21st 2010, 12:00am by Chris Davis

    ... Chris Davis As Saudi Arabia and China celebrate two decades of diplomatic ties, the countries are looking forward to strengthening their relationship through business, culture and financial links, while working together to achieve world peace, stability and security. Hammad Al-Rowaily, Saudi Arabia's Consul General to Hong Kong and Macau, says the two-nation strategic ...




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