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  1. Sinopec signs US$3.5b refinery deal

    Posted Aug 28th 2004, 12:00am by Eric Ng

    ... Eric Ng A subsidiary of the firm partners ExxonMobil and Aramco for the Fujian project A subsidiary of China Petroleum and Chemical Corp (Sinopec) has signed a long-awaited deal ... oil products such as petroleum, diesel and jet fuel. Talks broke down late last year, with Sinopec reportedly wanting to refine South American crude oil in addition to that from the Middle ...

  2. Oil price rise helps to boost Sinopec profit

    Posted Oct 29th 2010, 12:00am by Eric Ng

    ... Eric Ng China Petroleum & Chemical (Sinopec), the nation's second largest oil and gas producer, posted a 14.8 per cent year-on-year rise in third quarter net profit on higher oil ... per cent of the annual total in 2008 and last year. On the up China Petroleum & Chemical's net profit was 19.62 billion yuan It posted a year-on-year rise in third quarter net profit ...

  3. Sinopec to spend 120b yuan a year on growth

    Posted Aug 25th 2009, 12:00am by Eric Ng

    ... Eric Ng China Petroleum & Chemical Corp (Sinopec) plans to spend 120 billion yuan (HK$136.15 billion) annually between this year and 2011 to bolster output capacity and is mulling ... its first overseas foray by buying assets from parent China Petrochemical Corp. These include Addax Petroleum, which was bought by the parent for US$7.2 billion last month. Sinopec set up ...

  4. Sinopec faces crude realities

    Posted Jun 28th 2005, 12:00am by Eric Ng

    ... Eric Ng Profit margins at refiner start to squeeze as local fuel costs fail to match record world oil prices China's fuel price increases this year have failed to match soaring petroleum costs, ensuring a second-quarter net loss for the crude oil refining division of China Petroleum & Chemical Corp (Sinopec), analysts said yesterday. With world crude prices at more ...

  5. A chance to plug the hole

    Posted Jul 01st 2005, 12:00am by Michael Richardson

    ... Michael Richardson Why is China's state-controlled offshore petroleum company, CNOOC, so interested in Unocal Corp of the United States that it recently offered to pay US$18.5 billion ... and future production of natural gas and oil in Asia. This would enable CNOOC to profit from strong growth in petroleum demand and sales in the region. Unocal reported earnings of US$1.2 billion last ...

  6. Xinao Gas expands distribution network

    Posted Sep 23rd 2003, 12:00am by Staff Reporter

    ... was focusing more on piped gas, which accounted for 20.6 per cent of sales, up from 13.5 per cent last year. This compared with liquefied petroleum gas (LPG), which accounted for 21.3 per cent ...

  7. Brightoil goes back to basics for high margin

    Posted Jul 08th 2010, 12:00am by Eric Ng

    ... Eric Ng in Zhoushan Brightoil Petroleum, which delivers fuel oil to ships, has raised eyebrows with its high profit margin- nine times that of the industry leader. But its chairman says the reason is simple; it's all about buying low and selling high. The share price of the mainboard listed company- the only private firm licensed to provide duty-free fuel to international ...

  8. Towngas to issue largest bond sale in Asia worth US$1b

    Posted Aug 02nd 2008, 12:00am by Kandy Wong

    ... in May said it was in investment talks on 15 projects. The new projects involved supplying piped gas and liquefied petroleum gas in small- to medium-sized cities in the northeastern and central ...

  9. Dalian Port eyes 2.8b yuan in Shanghai initial share sale

    Posted Oct 17th 2009, 12:00am by Kandy Wong

    ... operator of petroleum, container and vehicle terminals plans to acquire the assets to consolidate port resources to compete in the Bohai region. The funds raised will be used to repay debt ...

  10. BP dumps Sinopec stake

    Posted Feb 11th 2004, 12:00am by Denise Tsang

    ... of Sinopec, or China Petroleum and Chemical Corp, and was no reflection on their corporate relationship. BP realised a windfall of about HK$11 billion from the Sinopec deal and last month's sale ...




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