China Petroleum & Chemical Corp (Sinopec) saw its net profit slide 9.4 per cent in the third quarter but benefited from government-mandated fuel price rises to beat analysts' estimates.Monday, 29 October, 2012, 5:08am
Fu Chengyu, the man behind China's most prominent overseas acquisition attempt, will take the helm of China Petroleum & Chemical Corp (Sinopec) as Beijing reshuffles managers at the mainland's largest oil companies.
Fu, 60, chairman of CNOOC, the nation's dominant offshore oil and gas producer, has been appointed chairman of Sinopec, a CNOOC official confirmed yesterday.9 Apr 2011 - 12:00am
As crude costs continue to rise, the refining giant can only hope for a state-mandated increase in retail fuel prices or a subsidy handout to avert a drop in its bottom line14 Apr 2008 - 12:00am
Hefty refining losses erased more than 60 per cent of the fourth-quarter profit of the mainland's No2 oil firm, Sinopec, leading to worse than expected 5.5 per cent growth in its full-year net profit to 56.53 billion yuan (HK$62.86 billion) last year.7 Apr 2008 - 12:00am
China Petroleum & Chemical Corp (Sinopec), the nation's largest fuel distributor, has ceased dealings with Hong Kong customers using allegedly illegal underground lenders to buy cheap fuel on the mainland, as it awaits approval to settle such trades through a bona fide bank.20 Nov 2007 - 12:00am
The country's top oil production and refining companies have again bowed to pressure from Beijing to increase fuel supply and fulfil social responsibility by raising refining throughput despite mounting losses.20 Nov 2007 - 12:00am
China Petroleum & Chemical Corp (Sinopec), the country's largest oil refiner, has started the 20 billion yuan bond sale yesterday to raise funds for a gas project in Sichuan province.
Sinopec will sell the bonds to domestic investors until Thursday, according to a company statement published in the China Securities Journal.14 Nov 2007 - 12:00am
Shares of China Petroleum & Chemical Corp (Sinopec) fell as much as 8 per cent on its first day of trading in Shanghai yesterday following chairman Chen Tonghai's abrupt resignation after being detained for alleged economic irregularities.26 Jun 2007 - 12:00am
Chen Tonghai, the head of China Petrochemical Corp and listed subsidiary China Petroleum & Chemical Corp (Sinopec), has abruptly stepped down amid speculation that he is under investigation for economic irregularities, sources said.23 Jun 2007 - 12:00am
China Petroleum & Chemical Corp (Sinopec) is in talks with SK Corp, South Korea's largest oil refiner, about potentially investing in the planned initial public offering of its refining unit SK Incheon, an official at SK said.
According to the Korean company, the talks are part of wider negotiations on co-operation between the two companies, which already have dealings.1 May 2007 - 12:00am