• Wed
  • Sep 17, 2014
  • Updated: 4:52pm


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.


Investors dump Sinopec shares on fuel unit deal

China Petroleum & Chemical (Sinopec) saw its shares drop 6.8 per cent yesterday after it agreed to sell 30 per cent of its fuel distribution unit to 25 investors for 107 billion yuan.

Tuesday, 16 September, 2014, 3:23am

Sinopec sells 30pc stake in fuel unit for 107b yuan

China Petroleum & Chemical (Sinopec), the country's second-largest oil and gas producer, has secured commitment from 25 investors to buy 30 per cent of its fuel distribution unit for 107 billion yuan.

15 Sep 2014 - 7:59am 1 comment

Sinopec chairman supports pay cuts for bosses of state-owned firms

Sinopec chairman Fu Chengyu said he is happy to accept Beijing’s decision to cut pay and perks for most of the country’s top state-owned enterprise (SOE) leaders.

10 Sep 2014 - 4:26pm 2 comments

Sinopec unit books world’s largest ship to store crude

A Chinese trading firm has booked the world's largest super-tanker to store crude at sea, adding to a growing flotilla of vessels used for floating storage as benchmark oil prices slip below US$100 a barrel.

10 Sep 2014 - 3:41am

Insurer China Life diversifies with bid for Sinopec retail unit

China Life Insurance is seeking to diversify its investment portfolio by planning to invest in China Petroleum & Chemical Corp's (Sinopec) retail unit after reporting better-than-expected first-half earnings.

28 Aug 2014 - 5:03am

37 investors express interest in Sinopec petrol stations

China Petroleum & Chemical (Sinopec) has received 37 non-binding expressions of interest from would-be investors in its open tender for up to 30 per cent of its fuel distribution operation.

26 Aug 2014 - 9:55am

Sinopec and Tencent consider collaboration

Fu Chengyu, the chairman of China Petrochemical – parent of listed China Petroleum & Chemical (Sinopec) – has met internet giant Tencent Holdings president Martin Lau Chi-ping to discuss potential co-operation between the two firms.

22 Aug 2014 - 12:21pm

Ruentex pact paves way for Sinopec retail spin-off

Sinopec's pact with Ruentex Group last week will help the oil giant negotiate better terms with potential investors and business partners for the fuel retailing business that it plans to spin off on the stock market, analysts say.

4 Aug 2014 - 3:40am

Sinopec fires-quarter earnings drop to miss market target

China Petroleum & Chemical (Sinopec), the nation's second-largest oil and gas producer, posted a worse-than-expected 14.9 per cent decline in first-quarter net profit.

29 Apr 2014 - 1:15am

Sinopec leads China's shale gas revolution with successful drilling

China Petroleum & Chemical (Sinopec)'s discovery of the Fuling field in Chongqing may have set a milestone for the mainland oil and gas industry's "shale gas revolution".

24 Apr 2014 - 2:37am 1 comment