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Sinopec

China Petroleum & Chemical Corporation, or Sinopec Ltd, is a Beijing-based oil and gas company which is listed in Hong Kong, Shanghai and New York (NYSE: SNP). It is one of the world’s biggest companies by revenue. Sinopec Ltd’s parent, Sinopec Group is one of China’s biggest petroleum groups.

 

A Sinopec petrol station in Qingdao, Shandong province, China. Photo: Reuters

Sinopec plans show confidence in fuel, chemical sectors

Oil and gas major China Petroleum & Chemical (Sinopec) has unveiled a US$1.68 billion chemical plant acquisition and approved a plan to separately list its fuel marketing business on an overseas stock exchange.