China Petrochemical Corp, parent of listed China Petroleum & Chemical (Sinopec), is expected to post a 31 per cent rise in output in its foreign operations this year, according to a company official. This was possible because of significant progress in the foreign operations, Zhou Yuqi, the deputy general manager of Sinopec International Petroleum Exploration & Development, said in the latest edition of the company newsletter, Sinopec News. China Petrochemical's overseas output of crude oil totalled 6.87 million tonnes last year, 16.7 per cent of its total crude output last year, up from 13.7 per cent of total output of 40.16 million tonnes in 2006, according to its annual report. Sinopec International, held by the parent company, is responsible for the group's overseas operations and shares responsibility with other state-owned energy producers for enhancing the country's energy security by investing in overseas projects. The listed company, Sinopec, has no overseas business. China Petrochemical, the country's second-largest oil and gas producer, had made 'important' discoveries in Myanmar, Australia, Kazakhstan, Yemen and the Sakhalin region of Russia, Mr Zhou said. According to an August report of The Oil Daily, the company has struck gas in a 45.5 per cent-owned exploration well in central Yemen, although more work is needed to ascertain whether the discovery is significant. In September, its Russian partner, Rosneft, discovered more than 100 billion cubic metres of natural gas reserves at the Sakhalin-3 project, Russian news agency Prime-Tass reported. China Petrochemical has a 25.1 per cent stake in it. The company bought a 60 per cent stake in an oilfield in the Timor Sea from AED Oil in July for US$561 million. It is also in the process of completing a C$2.07 billion (HK$13.2 billion) takeover of Canada's Tanganyika Oil, whose assets are primarily located in Syria.