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  1. News - China - OBITUARY

    'Crazy Yang', Chinese oil tycoon who pioneered deals with Iran, dies

    Posted Jun 24th 2014, 06:53pm by Reuters

    ... gains," said the executive who plans to attend Yang's funeral. Yang was the person who connected China's current state energy majors CNPC, Sinopec and CNOOC with Tehran, sources said. ...

  2. Business - Companies - ENERGY

    Sinopec buys Nigerian oil stake for US$2.5 billion

    Posted Nov 20th 2012, 12:00am by Bloomberg

    ... Bloomberg in Paris Sinopec buys Nigerian oil stake for US$2.5 billion Total, France's largest oil company, has sold its 20 per cent stake in an offshore Nigerian field to China Petrochemical Corp (Sinopec) for about US$2.5 billion as part of an asset-disposal programme. The OML 138 block includes the Usan field, which started output in February, Total said yesterday. The asset ...

  3. Business - Commodities - ENERGY

    China scrambles to boost oil output

    Posted Oct 31st 2013, 02:57am by Reuters

    ... Reuters Oil giants led by Sinopec invest heavily overseas as consumption rises and domestic fields age China scrambles to boost oil output The mainland's biggest state-owned oil ... their costs. PetroChina, Sinopec and CNOOC produced more oil and gas in the first nine months of this year, they said in the past week. That was partly in response to the government's recent rise ...

  4. Business - Commodities - EARNINGS

    Refining operations fuel gains at oil firms

    Posted Oct 30th 2013, 03:31am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com PetroChina and Sinopec are expected to keep enjoying favourable domestic fuel pricing after profits improve in the third quarter Refining operations fuel gains at oil firms PetroChina and China Petroleum & Chemical (Sinopec), the country's two largest oil producers and refiners, yesterday posted improved third-quarter results on better refining ...

  5. Business - Companies - ENERGY

    Refining fuels rise in Sinopec earnings

    Posted Apr 26th 2013, 12:00am by Eric Ng

    ... rise in Sinopec earnings PetroChina, the nation's largest oil and gas producer, and rival China Petroleum & Chemical (Sinopec) posted divergent first-quarter results, as better state pricing on refined fuel and weaker crude oil prices delivered net benefits to more refining- exposed Sinopec. PetroChina's net profit for the three months to March 31 was 36 billion yuan ...

  6. Business - Money - IPO WATCH

    Bankers find it tough in Hong Kong's listings market

    Posted Jun 30th 2014, 01:35am by Jasper Moiseiwitsch

    ... such as Sinopec, Shenhua Coal or Anhui Conch Cement. Old-economy industrial stocks were out of favour with investors, who were also concerned about mainland banks' asset quality and shadow banking ...

  7. News - China - ENVIRONMENT

    Ningbo activists seek big weekend protest over Sinopec plant expansion

    Posted Oct 25th 2012, 12:00am by Li Jing

    ... Li Jing jing.li@scmp.com Ningbo residents call for big demonstration at weekend over Sinopec plant expansion plan Chemical plant protesters keep up pressure Hundreds of people in the city ... expansion of the oil refinery, China's biggest, and associated chemical plant operated by Sinopec. The Zhenhai district government showed no sign of backing down. Xinhua quoted the district ...

  8. Business - Commodities - ENERGY

    Sinopec to buy overseas assets from parent

    Posted Mar 25th 2013, 12:00am by Sandy Li

    ... Sandy Li sandy.li@scmp.com Acquisition of China Petrochemical Corp's oil and gas assets to cost nearly US$3 billion Sinopec to buy overseas assets from parent China Petroleum and Chemical Corp (Sinopec) is to expand its overseas investments by acquiring oil and gas exploration assets in Kazakhstan and Russia from its parent for close to US$3 billion. The proposed ...

  9. Business - Companies - EARNINGS

    Sinopec blames 41.6pc fall in first-half net on weak demand for its products

    Posted Aug 27th 2012, 12:00am by Charlotte So

    ... Charlotte So charlotte.so@scmp.com First-half net dives to 23.7 billion yuan but oil refiner expects state action to bring better days Sinopec blames 41.6pc fall in profit on weak demand China Petroleum & Chemical Corp (Sinopec) posted a 41.6 per cent drop in net profit for the first half on weaker demand for refinery products in its home market. But demand is expected ...

  10. News - China - ENVIRONMENT

    CCTV exposé shows frustration of agencies at keeping firms in check

    Posted Sep 28th 2012, 12:00am by Li Jing

    ... battle watchdogs face The televised dressing down of state oil giant Sinopec for repeated regulatory violations has helped throw back the curtain on the lopsided battle between ... environmental regulations as regulatory officials are either unable or unwilling to interfere. Analysts say the decision to air footage on CCTV of Sinopec being berated by officials from the Ministry ...




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