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.

Brazil seeks Chinese help building oil refineries

1 Mar 2013

Brazil’s government said it is seeking Chinese help to finish work on two oil refineries, a sign of strengthening ties between the emerging powers as well as financial troubles at state-run oil...

Sinopec to buy Chesapeake Energy oil and gas assets for US$1.02b

26 Feb 2013

China Petroleum & Chemical (Sinopec), Asia's largest oil refiner, will buy half of Chesapeake Energy's Mississippi Lime oil and gas properties for US$1.02 billion, becoming the latest Chinese...

China Gas, Sinopec near venture deals

21 Feb 2013

The two firms were in advanced talks on setting up a venture to distribute liquefied petroleum gas (LPG) produced by Sinopec's oil refineries and sell compressed natural gas (CNG) at its petrol...

Beijing's shale gas targets 'unrealistic' say experts

20 Feb 2013

The mainland produces no commercial quantities of shale gas, yet it has set a target of 80 billion cubic metres (bcm) by 2020, or 23 per cent of total expected demand. Output in 2020 is likely to...

Business Digest, February 19, 2013

19 Feb 2013

Oil and gas major China Petroleum & Chemical (Sinopec) says it is weighing the potential acquisition of oil and gas assets owned by parent China Petrochemical Corp.

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Sinopec's share issuance puts faithful investors at disadvantage

Shareholders' rights and interests often take a back seat in Hong Kong. And so it proved to be again when state-owned oil giant Sinopec shocked the market by offering to sell HK$24 billion worth...

2 comments

Sinopec asset plan shows Hong Kong regulators are as meek as ever

When Sinopec's asset acquisition plan leaked, regulators did not push the matter, but a local firm would expect much sterner treatment.

Refiners pushed to make new fuel grade

The mainland's state-backed oil refining majors will have a tough time meeting Beijing's deadlines to upgrade refining facilities and improve fuel quality unless the government gives them...

MARKETS

More share placements may put pressure on Hong Kong market

Yesterday's slump might not be the last correction for Hong Kong stocks as more large and medium-sized placements could drag down the market further, say experts.

PLACEMENTS

Sinopec tumbles on surprise sale of HK$24b shares at huge discount

China Petroleum & Chemical (Sinopec) saw its share price fall 6.4 per cent yesterday after it announced a surprise HK$24 billion sale of shares to a small number of select investors at a big...

Sinopec 'in talks' for US$1b of Afren assets

China Petrochemical Corp (Sinopec), the country's largest refiner, was in talks to buy more than US$1 billion of assets from Afren, people with knowledge of the matter said.

Sinopec was...