• Saturday
  • August 2, 2014
  • Last updated: 10:10am
Hong Kong




Refine Your Search

Sort by

Search Results

Results 1 - 10 of 24 for sinopec

Search results

  1. 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 prices. Net profit was 19.62 billion yuan (HK$22.75 billion), up from 17.09 billion yuan in the year-earlier quarter, it said last night. Oil and gas production operating profit surged 61 per cent ...

  2. 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 ... the production plans of the major Puguang gas field in Sichuan province and construction of a pipeline to Shanghai. This caused Sinopec to revise down this year's gas output target, unveiled ...

  3. Sinopec receives 7.1b yuan state subsidy to help offset high oil price

    Posted May 28th 2008, 12:00am by Kandy Wong

    ... Kandy Wong China Petroleum & Chemical Corp (Sinopec) was paid a record 7.1 billion yuan (HK$7.97 billion) in state subsidies for oil imports last month after global crude surged close ... Securities. Sinopec chairman Su Shulin said this week that the tax rebate could not cover all losses faced by the company, raising concerns refiners will cut back on production in the coming months. ...

  4. Sinopec faces crude realities

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

    ... 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 than US$60 a barrel, Sinopec- Asia's largest oil refiner- is under increasing pressure to raise prices. But with wholesale and retail fuel prices strictly regulated by the central ...

  5. BP dumps Sinopec stake

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

    ... Denise Tsang The global giant says the sale was no reflection of their corporate relationship Global oil giant BP has sold its entire 2.1 per cent stake in Sinopec Corp, China's ... 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 ...

  6. 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 ...

  7. Petrochemical firms face earnings pressure amid weakening demand

    Posted Feb 09th 2009, 12:00am by Eric Ng

    ... at a faster pace. This bodes ill for profit margins as more fixed costs will be borne per unit of output. Already two listed subsidiaries of China Petroleum & Chemical Corp (Sinopec), the world's third-largest oil refiner and China's largest petrochemicals producer, have issued loss warnings. Sinopec Shanghai Petrochemical, which runs the second-largest refinery for its ...

  8. Caution over recent rally stalls buying momentum

    Posted Jun 09th 2004, 12:00am by Staff Reporter

    ... cent gain on Monday and China Telecom added 2 per cent to $2.55. Sinopec Zhenhai Refining and Chemical rose 9.77 per cent to $7.30 and the other three petrochemical stocks in the H-share index ...

  9. Oil major pushes China expansion

    Posted Jan 15th 2005, 12:00am by Eric Ng

    ... China Petroleum & Chemical (Sinopec) and Sinochem. Citic Resources' investment will dilute the US parent's effective stake in Caltex South to 36.87 per cent and third party Star ... approval power over foreign investment in the sector in the late 1990s, effectively stalling expansion by the foreign giants and helping PetroChina and Sinopec consolidate their local dominance. ...

  10. HSBC continues to be a heavy weight on index

    Posted Mar 03rd 2005, 12:00am by Staff Reporter

    ... Kelvin Wong Hang Seng posts biggest slump this year while Exxon's disposal of Sinopec stake impacts on H shares Doubts over HSBC's ability to repeat last year's 30 per cent ... (Sinopec) on Tuesday night, also contributed to yesterday's 210.37-point drop, the biggest this year. On the other hand, market watchers almost unanimously brushed off the effect on the market ...




SCMP.com Account