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  • July 27, 2014
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  1. Business - Commodities

    Sinopec fires-quarter earnings drop to miss market target

    Posted Apr 29th 2014, 01:15am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Sinopec earnings drop to miss target China Petroleum & Chemical (Sinopec), the nation's second-largest oil and gas producer, posted ... Chemicals production fell into a loss of 1.34 billion yuan from a profit of 164 million yuan. Sinopec said in February it would sell to non-state entities up to 30 per cent of its fuel distribution ...

  2. Business - Commodities - ENERGY

    Sinopec leads China's shale gas revolution with successful drilling

    Posted Apr 24th 2014, 01:15am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Drilling at Chongqing field is significant but now the industry needs to try to emulate the United States' fracking success in recent years Sinopec leads mainland's shale gas revolution China Petroleum & Chemical (Sinopec)'s discovery of the Fuling field in Chongqing may have set a milestone for the mainland oil and gas industry's ...

  3. Business - Commodities

    Court to decide on arbitration ruling on Hans-Sinopec dispute

    Posted Apr 18th 2014, 01:17am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Sinopec seeks to revoke arbitration decision over fuel storage agreement Court to decide on ruling in Hans case A legal battle between privately-owned fuel storage facilities operator Hans Energy and state-backed giant China Petroleum & Chemical (Sinopec) is set to move to the court room in May. The case, a rare David-versus-Goliath confrontation ...

  4. Business - Commodities - EARNINGS

    Sinopec details sale plan of fuel unit

    Posted Mar 25th 2014, 01:32am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Mainland oil giant aims to complete the sale of 30 per cent of marketing operations by third quarter, with the funds raised to help cut debt Sinopec details sale plan of fuel unit China Petroleum & Chemical (Sinopec) aims to complete by the third quarter a fund-raising exercise for its fuel marketing operations to help cut debt, fund shale gas ...

  5. Business - Commodities - ACQUISITIONS

    Sinopec eyes 15 per cent stake in Petronas' Canadian LNG project

    Posted Mar 19th 2014, 01:25am by Reuters

    ... Reuters Chinese refiner in talks for 15 per cent of Pacific Northwest LNG project Sinopec eyes stake in Petronas' Canadian field Refiner Sinopec is in talks with Malaysia's ... stake in the shale gas assets that will feed the LNG plant, but sources could not confirm if Sinopec intended to follow suit. While Indian Oil secured around 1.2 million tonnes per annum (tpa) ...

  6. Business - Commodities - RESTRUCTURING

    Investors applaud Sinopec restructuring

    Posted Mar 03rd 2014, 02:59am by Eric Ng

    ... cheers Sinopec investors China Petroleum & Chemical Corp (Sinopec) impressed the market just over a week ago with a plan to restructure its undervalued fuel marketing division and sell up ... of Sinopec's earnings before interest and taxes during the past decade, according to a Barclays research report. Sinopec's market valuation before the announcement, seven times its estimated ...

  7. Business - China Business

    Sinopec opens retail unit to investors

    Posted Feb 21st 2014, 01:11am by BLOOM

    ... Bloomberg Sinopec opens retail unit to investors China Petroleum & Chemical Corp (Sinopec) is seeking private investors for as much as 30 per cent of its oil retail unit, which ... the business, which operates the country's largest network of fuel stations, the Beijing-based company said in a statement. Sinopec's American depositary receipts jumped 8.4 per cent ...

  8. Business - Companies

    Sinopec to co-operate in Hong Kong graft probe

    Posted Jan 31st 2014, 10:21am by Patrick Boehler

    ... Patrick Boehler patrick.boehler@scmp.com China Petroleum and Chemical Corporation, also known as Sinopec, has said it is co-operating with Hong Kong authorities in an anti-graft probe, ... Corruption had questioned two company executives of the conglomerate’s SAR-based subsidiary Sinopec (Hong Kong) Limited, Apple Daily reported on Thursday. The report did not say when the two were ...

  9. News - China - TRANSPORT

    Sinopec station's watery diesel blamed for string of damaged trucks

    Posted Jan 27th 2014, 11:26am by Li Jing

    ... Li Jing in Beijing jing.li@scmp.com Diesel sold at a petrol station owned by China Petrochemical Corporation (Sinopec), the country’s largest refiner, has been found to contain water 40 ... Central Television (CCTV) that his truck broke down 130 kilometres after he refuelled at a Sinopec gas station in Shan last October. Two months later, a test by the Heilongjiang standards watchdog ...

  10. Business - Companies

    Sinopec seeks US$2.5 billion loan

    Posted Nov 29th 2013, 10:55am by Jasper Moiseiwitsch

    ... Jasper Moiseiwitsch jasper.moiseiwitsch@scmp.com The Chinese oil major Sinopec is seeking a US$2.5 billion syndicated loan. The borrower has mandated China Construction Bank, Bank ... China Morning Post. By borrowing in dollars, Sinopec is getting a better absolute rate than in yuan, and they would likely build in an expectation that the US dollar will depreciate against ...




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