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  • August 27, 2014
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  1. Business - Companies - LISTINGS

    Sinopec spin-off touts edge through efficiency push

    Posted May 10th 2013, 12:00am by Ray Chan

    ... Ray Chan Ray.utchan@scmp.com Sinopec spin-off touts edge through efficiency push Sinopec Engineering, a China Petrochemical spin-off, said its listing will boost its overall efficiency ... growth models as some advanced technologies may be obtained through overseas acquisitions. "The listing of Sinopec Engineering will propel our efficiency and competitiveness in the global ...

  2. News - China - QINGDAO DISASTER

    Beijing punishes Sinopec management over Qingdao blast

    Posted Jan 11th 2014, 04:16am by Associated Press and staff reporter

    ... Associated Press in Beijing and Staff Reporter Beijing punishes Sinopec bosses over pipeline blast Authorities are holding Sinopec and its top management responsible for a November ... a warning administrative sanction. The council agreed to fire Sinopec's chief safety officer, Wang Yongjian, and file major administrative demerits against general manager Wang Tianpu ...

  3. Business - Money - LISTINGS

    Two large state firms to test Hong Kong IPO market

    Posted May 06th 2013, 11:11am by Ray Chan

    ... Ray Chan ray.utchan@scmp.com Sinopec Engineering and Galaxy Securities off on roadshows after winning support from cornerstone players to raise US$3.8 billion State firms begin push ... year so far for new issuers Sinopec Engineering and China Galaxy Securities decided to launch their roadshows after they secured strong support from key cornerstone investors. Sinopec ...

  4. News - China - FIRE

    Blaze strikes Nanjing state oil refinery for the second time in hours after initial blast

    Posted Jun 10th 2014, 12:00pm by Angela Meng

    ... explosion. Some 200 firefighters and 20 fire engines were dispatched to the burning refinery owned by the Sinopec Yangzi Petrochemical Company after a blast rocked the site at around noon yesterday. ... company, a subsidiary of state-run oil giant China Petroleum and Chemical Corporation (Sinopec), has said that it will implement strict security measures and step up “safety accountability” ...

  5. Business - Companies - OIL INDUSTRY

    Sinopec secures upsized loan of US$3.5 billion

    Posted Dec 27th 2013, 11:59am by Jasper Moiseiwitsch

    ... Jasper Moiseiwitsch jasper.moiseiwitsch@scmp.com Mainland oil giant Sinopec has raised US$3.5 billion through a syndicated loan. The deal was upsized from an initially targeted US$2.5 ... which was led by China Construction Bank Corporation, Bank of Tokyo-Mitsubishi UFJ, Citi, HSBC, RBS and UOB. Sinopec in October raised US$2.75 billion in a multi-tenor bond that included ...

  6. Business - China Business - SHIPPING

    US$1.1b tanker joint venture to boost China's energy shipping capacity

    Posted Aug 13th 2014, 01:11am by JING YANG

    ... crude imports are unavailable. Sinopec, which controls trading vehicle Unipec, the world's largest VLCC charterer, said this year in an internal meeting that the four state-owned tanker ...

  7. Business - China Business - MR. SHANGKONG

    Antitrust or anti-foreigner in China?

    Posted Aug 11th 2014, 03:56am by George Chen

    ... here? "As Beijing steps up antitrust probe against foreign auto makers, what about the so obvious monopoly by PetroChina and Sinopec?" That question was recently put forth by South ...

  8. News - China - DISASTER

    Sinopec declares ‘day of safety warning’ to commemorate Qingdao pipeline blast

    Posted Nov 28th 2013, 04:45pm by LAURA ZHOU

    ... Sinopec, China’s biggest oil refiner, has declared November 22 – the date of the devastating oil pipeline explosion that killed at least 55 people and injured 145 in Qingdao – a ‘day of safety warning’. More than a million staff from China Petroleum & Chemical Corporation, as Sinopec is also known, attended ceremonies of mourning early on Wednesday at the state-owned company’s ...

  9. Business - Companies - SURVEY

    More Chinese firms on Fortune Global 500, but profits trail US counterparts’

    Posted Jul 09th 2014, 02:56pm by James Griffiths

    ... James Griffiths james.griffiths@scmp.com Fortune Global 500 features 91 mainland firms, with Sinopec at No 3, but profits lag US peers More Chinese companies enter world rankings More ... giant Sinopec, the mainland's largest company by sales revenue, ranked third, the first time a Chinese firm has made the top three. Seven Chinese firms were newcomers to the list, including ...

  10. News - Hong Kong

    Sinopec profit rises as fuel price controls eased

    Posted Oct 30th 2013, 11:13am by AP

    ... HONG KONG (AP) — State-owned oil company Sinopec says quarterly profit rose 20 percent following the relaxation of Chinese fuel price controls. Beijing-based Sinopec said Tuesday ... aimed at keeping politically sensitive fuel prices in check but sometimes left refiners with big losses. Sinopec's refining division reported a 6.4 billion yuan profit for the first nine ...




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