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  1. Shell stands to book $2.8b in Sinopec stake disposal

    Posted Mar 18th 2004, 12:00am by Eric Ng

    ... Eric Ng and Nichole Chan Royal Dutch/Shell Group has sold all of its shares in China Petroleum & Chemical Corp (Sinopec), cashing out a huge profit accumulated since it amassed the shares during Sinopec's October 2000 listing. Fellow global oil giant BP has sold its 2.1 per cent stake in Sinopec and 2 per cent stake in PetroChina in the past two months for a gain ...

  2. Sinopec preparing to build lubricant plant in Singapore foray

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

    ... China Petroleum & Chemical (Sinopec), Asia's largest oil refiner, is 'actively preparing' to build a lubricant plant in Singapore in what is expected to be its first ... to sell to the Asia-Pacific market rather than just China. Sinopec began contract manufacturing of vehicle and marine lubricants with two Singapore firms, Italsing and AP Oil in 2007, according ...

  3. Sinopec looks to overseas oil, gas

    Posted Aug 24th 2010, 12:00am by Eric Ng

    ... Eric Ng China Petroleum & Chemical Corp (Sinopec) is considering expanding its overseas oil and gas operations, including buying its parent's rapidly growing portfolio, to offset ... to buy the 27.5 per cent stake held by its parent China Petrochemical Corp in an Angolan offshore oil field for US$2.46 billion. The deal is expected to add 8 per cent to Sinopec's otherwise ...

  4. Sinopec to launch bid for buyout of Yanhua

    Posted Dec 23rd 2004, 12:00am by Eric Ng

    ... Petroleum & Chemical Corp (Sinopec) is set to launch a buyout of subsidiary Sinopec Beijing Yanhua Petrochemical, industry sources say. The move, which could see the mainland's largest ... on Yanhua's $3.425 closing share price on Tuesday, but analysts said Sinopec would have to sweeten its offer to convince shareholders to sell. It would be Sinopec's third deal to cut the number ...

  5. 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 ...

  6. Sinopec to explore and produce oil and gas overseas on its own

    Posted Mar 31st 2009, 12:00am by Eric Ng

    ... Eric Ng China Petroleum & Chemical Corp (Sinopec), the nation's second-largest oil and gas producer, will enter the overseas exploration and production business for the first time on its own or by acquiring its parent company's assets, chairman Su Shulin said. 'Our board held a meeting last Friday and decided to let Sinopec directly participate in overseas ...

  7. CNOOC, Sinopec to buy stake in Angola oilfield

    Posted Jul 18th 2009, 12:00am by Carol Chan

    ... with Sinopec International Petroleum Exploration and Production Corp, a subsidiary of the mainland's second-biggest oil producer China Petrochemical. Block 32, with an area of 5,090 square ...

  8. Sinopec, peers eye assets of US chemical firm

    Posted Feb 23rd 2009, 12:00am by Staff Reporter

    ... Tim LeeMaster Mainland chemical giants including China Petroleum & Chemical Corp (Sinopec), China National Chemical Corp (ChemChina) and Sinochem Corp are examining the financial ... the transaction before the debt becomes due. A Chemtura spokesman said 'the sale process continued' but declined to comment further. Sinochem and ChemChina declined to comment. Sinopec could ...

  9. Potential takeover bid or losses as Sinopec targets Repsol stake

    Posted Jan 19th 2009, 12:00am by Staff Reporter

    ... Vallehermoso is asking for 26.70 (HK$274.74) a share, according to a report in Spanish newspaper Cinco Dias last week. Sources confirmed Sinopec was pursuing a deal at that price. That is an 68.14 per ... be large. Other losing investments by China include an investment by the sovereign wealth fund in Morgan Stanley and private equity giant Blackstone. Should prices stabilie and Sinopec not lose ...

  10. Sinopec takes lead in race for Tanganyika Oil

    Posted Sep 22nd 2008, 12:00am by Staff Reporter

    ... Tim LeeMaster Indian rival drops out of running China Petrochemical Corp (Sinopec), the mainland's second-largest oil and gas company, looks set to beat India's Oil and National ... Sinopec for control of Russia's Imperial Energy with a US$2.5 billion bid. 'Imperial was a good one to lose. I'd rather get Syria because the political risk is much lower compared ...




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