Jump to content

Sinopec

From Wikipedia, the free encyclopedia
(Redirected from SINOPEC)

China Petroleum and Chemical Corporation
Native name
中国石油化工股份有限公司
Company typePublic
IndustryOil and gas
FoundedBeijing, China
(25 February 2000; 24 years ago (25 February 2000))
HeadquartersChaoyang District, Beijing, China
Area served
Worldwide
Key people
  • Ma Yongsheng (Chairman)
  • Zhang Dong (Vice Chairman & President)[1]
ProductsFuels, natural gas, lubricants, petrochemicals
RevenueIncrease CN¥3,318,168 million (US$482.4 billion) (2022)[2]
Increase CN¥1,302.073 billion (2022)[2]
Increase CN¥75.643 billion (2022)[2]
Total assetsIncrease CN¥1,948.640 billion (2017)[2]
Total equityIncrease CN¥784.706 billion (2022)[2]
Number of employees
374,791 (2022)[2]
ParentChina Petrochemical Corporation
Websitewww.sinopecgroup.com Edit this at Wikidata
Sinopec
Simplified Chinese中国石油化工股份有限公司
Traditional Chinese中國石油化工股份有限公司
Transcriptions
Standard Mandarin
Hanyu PinyinZhōngguó Shíyóu Huàgōng Gǔfèn Yǒuxiàn Gōngsī
Sinopec in Hong Kong
Sinopec in Hangzhou, Zhejiang
Entrance to Shanghai Chemical Industry Park where Sinopec operates

China Petroleum and Chemical Corporation, or Sinopec, is a Chinese oil and gas enterprise based in Chaoyang District, Beijing. The SASAC administers China Petroleum and Chemical Corporation for the benefit of State Council of the People's Republic of China. China Petroleum and Chemical Corporation operates a publicly traded subsidiary, called Sinopec, listed in Hong Kong and Shanghai stock exchanges. China Petroleum and Chemical Corporation is the world's largest oil refining conglomerate, state owned enterprise, and second highest revenue company in the world behind Walmart.

History

[edit]

Domestic

[edit]
Sinopec crude oil proudction per year, in millions of barrels[3]
year Domestic International
2013
310.84
21.7
2014
310.87
49.86
2015
296.34
53.13
2016
253.15
50.36
2017
248.88
44.78
2018
248.93
39.58
2019
249.43
34.79
2020
249.52
30.7
2021
249.6
30.16
2022
250.79
30.07
2023
251.63
29.49

Sinopec Limited was established as a joint stock entity under the China Petrochemical Corporation Group (Sinopec Group) in February 2000. The company was simultaneously listed in Hong Kong, New York, and London in October 2000. The IPO raised $3.5 billion.[4]: 146  A Shanghai listing was completed in June 2001.[citation needed] Prior to its operation as a company Sinopec's assets came from the Ministry of Petroleum Industry and the Ministry of Chemical Industry which partially privatized in the 1980s.[5]: 592  Given its legacy asset base from Sinopec Group, analysts have categorized it as a more downstream oil player than PetroChina.[6][5]: 592–593  However, since 1998 Sinopec has expanded into upstream endeavors.[5]: 592–593  This expansion began with a state mandated asset swap with China National Petroleum Corporation (CNPC) which gave some of Sinopec's refineries to CNPC in return for Sinopec acquiring some of CNPC's upstream assets.[4]: 146 

BP partnered with Sinopec, in 2005, to build SECCO an ethylene derivatives plant with an initial investment of $2.7 billion.[7] It is located in the Shanghai Chemical Industry Park, and generates over 3.2 million tons of petrochemical products annually.[8][9] In 2017, Sinopec bought out the remainder of BP's stake in SECCO through its Gaoqiao subsidiary for $1.68 billion.[8][10] Gaoqiao's operations predate the creation of Sinopec and it operates 75 plants for producing finished petroleum products such as fuels, oils, organic compounds.[11][9] Ineos bought out half of Sinopec's share of SECCO in 2022 as part of a broader partnership deal.[7]

Sinopec posted a 6.8% operating margin for the 2006 financial year. Profit was limited in part by government price controls on downstream petrochemical products. The National Development and Reform Commission sets gasoline and diesel prices and the Ministry of Finance collects windfall tax on upstream profits.[4]: 147–148  At the beginning of 2006, Chinese retail gasoline and diesel sales were not profitable for Sinopec and sales were hurting the compnay's financials. To pressure the NDRC, Sinopec and CNPC cut production causing long lines at the pump. This lead to NDRC approving a 15% increase in the price at the pump. To offset losses from the price controls, the state gave Sinopec $1.1 billion in subsidy during 2005 and $647 million in 2006.[4]: 152 

In February 2007, Saudi Aramco and Exxon signed a deal with Sinopec to revamp the Fujian oil refinery and triple its capacity to 240,000 barrels per day (38,000 m3/d) by 2009.[12] The Saudi Aramco investment is strategically aligned because Saudi Aramco produces a heavier crude oil which is not preferable for other Chinese refining facilities.[13] Aramco, Exxon and Sinopec also signed contracts for a fuel marketing venture that will manage 750 service stations and a network of terminals in Fujian province.[12] Their subsidiaries also expanded cooperation in Tianjin the following year.[14] They invested over $3 billion from 2008 to 2019 expanding the ethylene production capacity multiple times and finally achieving 1.3 million tons per year of production.[15][16][17] In Fujian, Sinopec also operates the Gulei Industrial Park. It began as a joint venture with a group of Taiwanese companies operating as Dynamic Ever Investments in 2015. The venture took $4 billion of investment and has a production capacity of 1 million tonnes of ethylene per year.[18][19][20][21] At the time of its approval it was the only Taiwanese petrochemical joint venture in mainland china.[22] It was approved by the Fujian branch of the NDRC which owns a 25% stake in the project. The plant began producing downstream chemicals in 2018 and became fully online in 2021.[19][21] Phase two began, in 2024, when Saudi Aramco made an additional $9.8 billion investment in the facilities. These expansions are scheduled to be fully operational in 2030.[23]

Sinopec completed construction of a new ethylene plant in Wuhan at the end of 2012. The construction of this plant was done as a joint venture with the South Korean SK Group. This facility was planned in alignment with the National Development and Reform Commission's goal of producing more ethylene domestically in order to rely less heavily on foreign imports. It will provide 800,000 tons/year which is a significant step towards the NDRC's 2015 goal of raising domestic production by 7.5 millions tons/year.[24][25]

In March 2013, Sinopec agreed to pay $1.5 billion for its parent company's overseas oil and gas-producing assets.[26]

Due to the COVID-19 pandemic, Sinopec reported a loss of 23 billion yuan in the January to June time frame of 2020. In 2021, they reported a 22% increase in revenue as the demand for fuel and oil slowly returned to normal.[27] In 2022, the company reported a 25% net income increase in the first quarter. Diesel output was increased by almost 10% that year and the gasoline production saw only a 0.7% increase.[28]

Sinopec has developed a megatonnes carbon capture, utilisation and storage (CCUS) project in China. It consists of two parts, the Sinopec Qilu carbon capture and the Shengli Oil Field CO2 shifting and storage. The project has been operational since January 2022. The construction of another CCUS project is planned by 2026.[29][30][31]

The Hainan Baling Chemical New Material Company, a Sinopec subsidiary in Hainan, opened a one million tonne per year Styrene-butadiene (SBC) plant in 2023. This new facility made Sinopec the largest producer of SBC in the world at the time.[32]

Sinopec began production in June 2023 at its first solar powered hydrogen plant in Xinjiang, which should achieve an annual production capacity of 20,000 tonnes of hydrogen by 2025.[33][34][35] The hydrogen is planned to be supplied to Sinopec's Tahe refinery. Construction is expected to cost 3 billion yuan (US$470 million).[36] In 2021, Sinopec was already the largest Chinese producer of grey hydrogen which is hydrogen fuel produced via petrochemical processing without recapturing the carbon.[37]

Sinopec and BP have worked together since Sinopec formed.[38][10] Their joint venture in Zhejiang had 2024 gas stations in 2021.[39] They signed a memorandum of strategic cooperation with BP at the Davos Economic Forum in 2024. Sinopec has set a goal of building 5000 new EV charging stations by 2025 and plans to cooperate with BP on achieving that goal.[40][41]

International

[edit]

Sinopec has demonstrated a willingness, characteristic Chinese national oil companies, to invest in foreign, often risky, infrastructure. These firms work in concert with the Chinese state owned financial sector via direct low cost financing and indirect infrastructure agreements between foreign nations and Chinese banks.[42][26][5]: 593  Several experts claim that the role of direct financing support is not as important as indirect support.[4]: 160 [5]: 593–603 [43] Large foreign purchases are particularly notable in the Chinese context because they require approval by the National Development and Reform Commission and the State Council.[44] Sinopec made failed attempts to acquire Iranian oil reserves in 2001 and Kazakh reserves in 2003.[45]: 569 [46]: 272  In subsequent years, Sinopec relied more heavily on off-taker agreements to gain access to foreign markets.[46]: 272 [47]: 12  The 2007–2008 financial crisis made a large impact on Chinese foreign policy and Chinese oil companies put a higher priority on mergers and acquisitions in the following years.[5]: 593 [47]: 14 

According to the OECD, foreign oil ventures are an attractive investment for Chinese national oil companies because China is a large importer of oil and wants to control its supply chain.[48]: 10–15  Some Chinese observes agree with this assessment and highlight Sinopec's 2005 goal of importing 15 million tons of crude oil for refinement in China. China's Go Out policy explicitly stated, in 2001, that Sinopec should "make effective use of overseas resources, build the overseas oil and gas supply bases and diversify the oil imports". This was revised in 2006 to "broaden international oil and gas cooperation".[45]: 568, 579  According to the company, in 2022, foreign operations were staffed 74% by local workers rather than Chinese employees.[49]

Sinopec began its partnership with Iran in 2001, and signed a 30 year deal to invest $70 billion in the development of Yadavaran Field in 2004.[45]: 569 [46]: 282 [50][51] Contract negotiation for this program took three years such that technical work and funding did not actually begin until 2007.[51][52] The US pressured China to block the investment due to sanctions, but Iran claims that pressure did not delay the deal.[46]: 282 [51] Iran expressed pleasure with the deal and stated the goal of replacing Japan with China as the primary exporter of Iranian oil.[46]: 282  There is little agreement about the exact amount of oil and gas available through the Yadavaran project, but all claim that it is a large oil field by global standards.[50][51][52] The first phase of drilling was completed in 2012 and production continued to expand.[52] Sinopec claims to have ceased buying this oil due to US sanctions in 2019.[53][54]

Sinopec established its first drilling rig in Saudi Arabia in 2000.[citation needed] In 2004, Sinopec began exploring in Saudi Arabia.[46]: 282 

In 2005, Sinopec and CNPC jointly purchased EnCana an Ecuadorian Petrochemical company for $1.42 billion. The purchase gave the joint venture, called Andes Petroleum Company, access to over 62,000 barrels per day of crude and the OCP pipeline which can pump 450,000 barrels per day.[55][56] It was the largest petrochemical deal in Ecuadorian history.[56] Beginning in 2012, Chinese banks began large financing agreements with Ecuador to pre-pay for oil procured via Andes Petroleum.[57]: 13–14 [58] In 2006, locals occupied and stopped work at an Andes Petroleum facility to demand the company create 400 local jobs. Andes Petroleum is required to pay profit sharing to its employees. In 2009 the company was fined $16 million for not including contractors in the profit sharing agreement. The company had made the correct total amount of payouts but not distributed them to enough people. Ecuador conducted major oil industry reforms in 2007 and 2010 which promoted many international oil companies to exit the Ecuadorian market. Sinopec, on the other hand, remained. As part of these reforms, Ecuador required that local labor be used for over 90% of unskilled and administrative positions. This put an end to further disputes about local job creation. International observers note that Andes Petroleum's operations were among the most successful in Ecuador through 2014. This success prompted an expansion of its operations. The company has generally had better relations with the local population than EnCana did. International observers note that Andes Petroleum's operations were among the most successful in Ecuador through 2014. This success prompted an expansion of its operations. The company has generally had better relations with the local population than EnCana did.[57]: 17–23  Most of the planned expansions were halted in 2019 when opposition from environmental activists and small indigenous tribes prompted Ecuadorian courts to find that the tribes had not been properly consulted.[59][60]

In 2006, Sinopec withdrew from its operations in Indonesia, but began operations in Russia with a Rosneft partnership.[61][62] The companies invested in Sakhalin-III and oil was first drilled in 2006.[63][64] Rosneft expanded its cooperation with Sinopec in a joint venture called Udmurtneft.[65] They acquired access to 551 million barrels of proven reserves and facilities capable of producing 120,000 barrels per day. The entirety of the deal was financed by Sinopec, but the total price was not disclosed. The sellers claimed offers were $4 billion.[62]

Sinopec's filling stations are a frequent sight on China's roads and rivers.

In 2008, Sinopec bought Tanganyika Oil for $2 billion giving Sinopec access to its Syrian oil fields.[66][67] These fields were reported to have over a billion barrels of crude reserves and a trillion cubic feet of natural gas reserve. However, the Syrian investments became significantly less valuable in 2012 when the Syrian civil war began.[68] The turmoil forced Sinopec to stop regular operations in Syria.[69] The company negotiated with several parties in Syria on multiple occasions in an attempt to restart operations.[68]

Sinopec also began investing in Australia in 2008 with its $594 million purchase of a 60% stake in AED Oil. AED was heavily indebted at the time of the purchase in part due to the Puffin oil fields producing less than expected. Sinopec took over operation of these fields after the sale.[70][71]

In 2009, Sinopec acquired Addax Petroleum Corp for $7.24 billion. This was the largest foreign purchase by a Chinese company. Addax was producing an average of 136,500 barrels per day. Addax was based in Geneva at the time, but the Geneva office was closed in 2017 after Sinopec agreed to pay $31.8 million to settle a Swiss bribery investigation of their operations in Nigeria.[42][72] Sinopec claimed the office closure was due to low oil prices.[73] The alleged bribes stemmed from a tax dispute between Sinopec Addax and the Nigerian government. Both sides claimed they had not received their fair share of benefits. The dispute was settled in 2015.[74] Addax's resources were concentrated in West Africa and Kurdistan.[42][47]: 14  Sinopec's assumption of the agreements with the Kurds created difficulty in forming new agreements with the Iraqi government because Iraq has a long standing policy against dealing with anyone who makes agreements with the Kurds. However these issues did not spread to other Chinese energy companies.[75][76]

On 13 April 2010 the company announced acquisition of Conoco Phillips's 9% stake in the Canadian oil sand firms, Syncrude, for $4.65bn.[77][48]: 10  While largely welcomed by industry, Sinopec's Syncrude stake has raised concerns about the influence the Chinese government may try to exert on Canadian policy makers.[78] The following year, Sinopec took over Daylight Energy for C$2.2 billion ($2.1 billion). Daylight was then renamed Sinopec Daylight Energy Ltd..[79][80] The OECD and Chinese observers note Sinopec's attraction to the Syncrude deal is partly explained by a desire to acquire technical knowledge on oil sands extraction which can be used to boost domestic oil production.[48]: 15 [45]: 580 

Sinopec invested $7.1 billion in Repsol Brazil to begin a new partnership in 2010.[81][82][48] Chinese observers note that part of Sinopec's motivation for the deal was to bring deep water drilling expertise to China.[45]: 580  In 2011, Sinopec additionally invested $5.2 billion for a 30 percent stake in the Brazilian unit of Galp Energia SGPS SA which owns the rights to biggest discovered oil reserve in the western hemisphere since 1976. This brought the total investment of Chinese energy companies in foreign oil assets for the year to $16 billion.[83]

Sinopec reinvested in Indonesia in 2011 by partnering with Chevron on a deep water drilling operation. The project is located in the Kutai Basin and has access to 15 million barrels of crude oil reserve and 700 billion cubic feet of natural gas. The deal closed with Sinopec getting an 18% stake for $680 million.[61] This project aligned with China's goal of doubling gas' share of energy production during the 2009-2015 period.[48]: 34 [84]

An existing base of joint ventures between BP and Sinopec was expanded via cooperative bunker fuel projects. These operations were then expanded in 2015.[85] Bunker fuel was delivered to ports in Singapore, Fujairah, Antwerp, Rotterdam, Amsterdam, Tianjin, Qingdao, Shanghai, Ningbo, and Shenzhen in 2020.[86]

Sinopec Addax made a $1.5 billion investment in North Sea drilling operations in 2012.[87][82] The investment was rebranded multiple times. Originally, the deal was with Talisman Energy and Sinopec exited this investment after a dispute with Repsol was settled for $2.1 billion. The dispute began in 2015 over amounts paid by Sinopec and was settled in 2023.[88]

In 2013, company sold a 30 percent stake of an oil and gas block in Myanmar to Taiwan's CPC Corp.[89] This was followed by Sinopec's acquisition of a 33% stake in Apache Corporation’s oil and gas business in Egypt for $3.1 billion.[90]

In 2021, Sinopec began a partnership with NIO, when they unveiled that a NIO Power Swap Station 2.9 would be put into the Sinopec Chaoying Station in Beijing. Additionally, the partnership was to include cooperation between the two companies in new materials, smart EV technology, Battery-as-a-Service (BaaS), construction of recreational facilities, as well as the purchase of vehicles.[91]

In November 2021, U.S. producer Venture Global LNG signed a twenty-year contract with Sinopec to supply liquefied natural gas (LNG).[92][93] In January 2022 they offered to re-sell LNG to take advantage of high Asian spot prices.[94]

Following the 2022 Russian invasion of Ukraine the company continued doing business in Russia. For this reason Ukraine listed Sinopec as an International Sponsors of War.[95] Unipec, a subsidiary of Sinopec, is an intermediary for banned Russian oil.[96][97]

China's imports of U.S. natural gas will more than double.[when?][98][93] In March 2022, a memorandum of understanding was signed between Sinopec and Aramco to strengthen the already existing ties between the companies and to improve their downstream operations.[99]

In April 2023, an agreement was signed between Sinopec and QatarEnergy, making Sinopec the first Asian buyer to participate in the eastern expansion of Qatar's North Field liquefied natural gas project, with a 5% stake in an 8 million tonnes per year LNG train.[100][101][102]

At the end of June 2023, Sinopec Overseas Investment Holding was established as a vehicle for investment, construction and operation of overseas refineries. Overseas investments at the time amount to 400,000 barrels per day at the Yasref refinery, as well as the $10 billion Amur Gas Chemical Complex in East Siberia.[103]

In August 2023, Sinopec, together with Shell and BASF, signed a research agreement with Baoshan Iron & Steel Co. for the construction of China's first open 10 million tonne open carbon capture, utilisation and storage (CCUS) facility.[104][105]

In September 2023, Sinopec used a tender to purchase 30 cargoes of LNG from more than 10 suppliers for additional supply to begin in October 2023. This additional supply helped China during the winter months as well as offset the lacking supply from Venture Global.[106]

On 17 October 2023, an equity agreement was signed between Sinopec and KazMunayGas JSC for a 30% stake in a $7.7bn polyethylene project in Kazakhstan, which is expected to start construction in the second half of 2024.[107]

At the sixth annual China International Import Expo (CIIE) on 4 November 2023, Sinopec signed various purchase agreements totalling $40.3 billion, one of those was a 27-year purchase deal with QatarEnergy for LNG.[108][109]

In November 2023, Sinopec was charged an annual fee of $2 million by the Sri Lankan government due to new fuel distribution regulations.[110] Also in November, Sinopec was approved for the $4.5 billion refinery proposal for Sri Lanka. With the investment, it will be the third company with ties to Sri Lanka and the rights to operate 150 petrol stations.[111] The refinery is to be built in the south of the country, at Hambantota port.[112][113]

Africa

[edit]

Unipec, a subsidiary of Sinopec, signed a contract with French oil company Total Gabon in February 2002. Under the contract China, for the first time, bought Gabonese crude oil.[114] During his African visit, in 2004, Chinese President Hu Jintao signed a series of bilateral trade accords with his Gabonese counterpart Omar Bongo, including a "memorandum of agreement aimed at showing the parties' desire to develop exploration, exploitation, refining and export activities of oil products". Three onshore fields were to be explored. One of the three blocks, LT2000, is some 200 kilometers (120 mi) southeast of Gabon's economic hub, Port Gentil, which lies south of the capital, Libreville, on the Atlantic coast. The other two — DR200 and GT2000 - are around 100 kilometres (62 mi) northeast of Port Gentil, according to the Gabonese oil ministry.[115] In 2013 and 2014 Sinopec and the Gabonese government had significant disputes over licensing and fees. The Gabonese government nationalized one of the oilfields that Sinopec was previously licensed to extract from.[116][117] Ultimately negotiations between the parties resulted in new leases for Sinopec's further extraction.[118]

In 2004, the Export–Import Bank of China signed a $2 billion loan with Angola to finance infrastructure projects by Chinese companies. This led to the Angolan government blocking a deal between Shell and India's Oil and Natural Gas Corporation in favor of a deal with Sinopec.[43][47]: 9 

Unipec first became involved in Ghana in December 2011 when Ghana National Petroleum Corporation agreed to supply 13,000 barrels of oil per day for the following 15 years in return for the Master Facility Agreement. The MFA was a $3 billion six year loan from CDB which Ghanaian President Mills and Hu-Jintao directly negotiated on.[5]: 599–603 [47]: 12  The MFA also required Ghana to spend most of the funds on projects constructed by Chinese contractors. Unipec was awarded the first $750 million of these funds to build the Atuabo Gas Plant. In 2013, Unipec halted work on the project to pressure Ghana into making amendments to the MFA that CDB had requested. By 2014, Ghana had only received $600 million of the promised MFA funds.[5]: 599–603 

Sinopec is a partner in Petrodar Operating Company Ltd., a consortium whose partners also include China National Petroleum Corporation and Sudapet (the Sudanese state-owned oil company), among others.[119] In 2005, Petrodar commenced production of oil in blocks 3 and 7 in South-east Sudan and transported them via its new pipeline. Petrodar's operations represent a major increase in overall Sudanese oil production.[120] Sinopec is also looking into other companies such as ERHC Energy which has multiple oil block assets in the Joint Development Zone.[citation needed] When South Sudan seceded it took most of Sudan's oil reserves with it.[121][122] The Petrodas pipeline is used to transport South Sudan's oil for export in Sudan.[122] In 2024, fighting in the vicinity of Singa, Sudan halted the flow.[123][122][124]

Column of ONLF rebels

In 2007, in eastern Ethiopia's Ogaden Desert, a raid by an ethnic Somali rebel group on a Sinopec drilling site left 74 dead including 9 Chinese oil workers, and 7 kidnapped.[125][126] The rebels, the Ogaden National Liberation Front (ONLF), later released the seven abductees and warned foreign companies against working in the area. Sinopec said it had no plans to pull out of the resource-rich region despite the attack. Chinese Foreign Ministry spokesperson Liu Jianchao says that China strongly condemns the violent attack carried out by Somalian insurgents on the premises of the oil company Sinopec in Ethiopia.[125][4]: 158 

On 31 October 2011 Sinopec Addax acquired[127] Shell's 80% share of an exploration firm called Pecten that explores and drills in various offshore locations including the oil basin near Douala, Cameroon in cooperation with TotalEnergies.[128]

In June 2013, Sinopec agreed to acquire Marathon Oil Corp's Angolan offshore oil and gas field for $1.52 billion.[129]

In Angola, as of at least 2023, Sinopec is a part minority owner of several offshore projects via Sinopec's half ownership of a joint venture with the private company Sonangol Sinopec International.[130]: 165  Sinopec is also a part owner of the joint venture POLY-GCL Petroleum, which as of 2023 is developing a $4 billion natural gas project in Ethiopia, which will include a pipeline to the Djiboutian coast and an export terminal.[130]: 165  According to David H. Shinn and academic Joshua Eisenman, the Ethiopian project underscore China's commitment to expanding its import of liquified natural gas from African countries.[130]: 165 

Governance

[edit]

The chairman of Sinopec, like all Chinese National Oil Companies, is a vice minister. This is a political appointment set by the Ministry of Personnel. This means that the post is always given to high ranking communist party members as a reward for career achievement in the industry.[4]: 151  Due to the high ranking nature of Sinopec's leaders in the communist party the party does not have total control over the company and the company can exert influence on the government to get support in financing, international agreements, and pricing. For example, even though the state owns Sinopec, the company did not pay the state any dividends until 2008. Sinopec also appoints a member to the Central Committee of the Chinese Communist Party.[48]: 24–26  Chinese officials have seen some of Sinopec's investments as too politically risky. The Iran and Sudan oil partnerships in particular led to regulatory change by State-owned Assets Supervision and Administration Commission of the State Council to hold Sinopec's leaders personally responsible if risky investments cost the government financially.[45]: 580 

NEC: National Energy Commission; SASAC State Assets Supervision and Administration Commission; MOF: Ministry of Finance; MOFA: Ministry of Foreign Affairs; NDRC: National Development and Reform Commission; NEA: National Energy Administration; CBRC: China Banking Regulatory Commission; SOE: state‐owned enterprise[48]: 25 

Environmental and safety record

[edit]
Campground in Loango National Park

In 2004, Sinopec prospected for oil in the 1,550 square kilometers of Loango National Park in southern Gabon and encountered criticism for what domestic and foreign environmental critics said were poor and damaging methods.[131][132] Primatology professor Christophe Boesch of the US-based environmental organization, the Wildlife Conservation Society (WCS), criticized the use of dynamite and heavy machinery in exploration and road construction by Sinopec through park, noting that it might drive native gorillas deeper into the jungle, where they would be outside legal restrictions on hunting.[133] Gabonese law states that industries can extract oil from national parks, but must rehabilitate them to the prior condition. Boesch, and other international experts, have suggested that Sinopec use other methods such as horizontal drilling to minimize its environmental footprint.[132] Sinopec's activities in Gabon's national parks were suspended in September 2006, by the Gabonese national parks council.[132] In 2007, Sinopec redid its earlier environmental study, this time in conjunction with the Gabonese environmentalist group Enviropass and the World Wildlife Foundation, winning high marks from Gabonese, Western, and Chinese conservation experts. Shortly thereafter, Sinopec resumed production with more environmentally friendly methods.[134]

On 21 December 2006, gas started leaking during the drilling of a test well by the Sinopec Southern Prospecting and Development Branch in Quingxi. 12,380 people were evacuated after the leakage occurred. It took at least three attempts and two weeks for the company to seal the leak.[135]

China's top environmental watchdog warned Sinopec in 2007 to stop operations at one of its oil fields due to chronic river pollution. Zhongyuan Oilfields Petrochemical Company, a unit of Sinopec, had failed to meet waste water treatment requirements and had been ordered to pay a pollution fine and operations had to be halted, according to the State Environmental Protection Administration (SEPA).[136]

Guangdong Provincial Environment Bureau (GPEB) had also issued a red sign warning to 19 companies, including Sinopec Guangzhou, in February 2008. By GPEB's standard, the companies that have involved in excessive emissions or caused serious environmental pollution accidents will be given the red sign warning and will be placed under strict supervision.[137]

The former head of the companies' board of directors Chen Tonghai was sentenced to death in July 2009 after being accused of corruption. He had been relieved of his post in 2007.[138]

An oil pipeline explosion on Friday, 22 November 2013, in Qingdao, Shandong province killed at least 62 people, injuring 136, and displacing hundreds more after oil previously leaking onto a street during the day ignited.[citation needed]

Renewable energy

[edit]

In Ordos city, inner Mongolia, 430Mio $ are to be invested in a 400MW windfarm, for the production of 20,000 tons of green hydrogen per year. The first phase of construction started by the end of 2022.[139]

As of 2021 Sinopec was the largest supplier of geothermal energy in China. Sinopec plans to expand this with the goal of creating what their leadership calls "smogless cities".[37]

See also

[edit]

References

[edit]
  1. ^ "Board of Directors Sinopec Corp". www.sinopec.com. Retrieved 25 August 2024.
  2. ^ a b c d e f "2022 Annual reports and accounts" (PDF). www.sinopec.com. Retrieved 28 March 2023.
  3. ^ "Sinopec's crude oil production 2023". Statista. Retrieved 15 September 2024.
  4. ^ a b c d e f g Houser, Trevor (2008). "The Roots of Chinese Oil Investment Abroad". Asia Policy (5): 141–166. ISSN 1559-0968. JSTOR 24904649.
  5. ^ a b c d e f g h Hardus, Sarah (8 October 2014). "Chinese National Oil Companies in Ghana: The Cases of cnooc and Sinopec". Perspectives on Global Development and Technology. 13 (5–6): 588–612. doi:10.1163/15691497-12341319.
  6. ^ Agencies (26 September 2009). "Quick facts: Petrochina vs. Sinopec and CNOOC". Chinavestor. Archived from the original on 17 March 2012. Retrieved 12 January 2011.
  7. ^ a b Tullo, Alexander H. (29 July 2022). "Ineos makes major China push through deals with Sinopec". Chemical & Engineering News. ISSN 0009-2347. Retrieved 19 September 2024.
  8. ^ a b "Who We Are". www.secco.com.cn. Archived from the original on 23 May 2024. Retrieved 19 September 2024.
  9. ^ a b "Sinopec to buy BP's interest in SECCO for $1.68 billion". Oil & Gas Journal. 27 April 2017. Retrieved 19 September 2024.
  10. ^ a b "BP agrees sale of interest in SECCO to Sinopec". BP. 27 April 2017. Retrieved 19 September 2024.
  11. ^ "Gaoqiao". www.sinopecgroup.com. Sinopec. Retrieved 19 September 2024.
  12. ^ a b "Aramco, Sinopec, Exxon sign Fujian refinery deal". Reuters. 25 February 2007.
  13. ^ "Aramco, Sinopec, Exxon sign Fujian refinery deal". Reuters. Retrieved 21 November 2024.
  14. ^ "Sabic, Sinopec To Form Joint Venture". Chemical & Engineering News. No. 5. Chemical and Engineering News. 4 February 2008. Retrieved 13 September 2024.
  15. ^ "OGJ FOCUS:Global ethylene production". Oil & Gas Journal. 26 July 2010. Retrieved 13 September 2024.
  16. ^ Brelsford, Robert (18 October 2019). "Sinopec, SABIC combine to expand Tianjin ethylene production". Oil & Gas Journal. Retrieved 13 September 2024.
  17. ^ "中沙合资天津100万吨/年乙烯及配套项目通过核准". www.ndrc.gov.cn. 14 July 2009. Retrieved 13 September 2024.
  18. ^ "Sinopec in $4-B petrochemical JV with Taiwan firm". Reuters. Retrieved 21 November 2024.
  19. ^ a b "The latest progress of China's 9 major refining and chemical projects! - ECHEMI.com". ECHEMI.
  20. ^ "petrochemical complex in Fujian province of China". Offshore Technology. 19 November 2024.
  21. ^ a b "China, Taiwan JV break ground on ethylene complex". Oil & Gas Journal. 17 December 2015. Retrieved 21 November 2024.
  22. ^ Brelsford, Robert (24 January 2024). "SABIC, partner approve investment for new ethylene complex in China". Oil & Gas Journal. Retrieved 21 November 2024.
  23. ^ Aizhu, Chen. "Sinopec, Aramco start building $10 billion petchem complex in China's Fujian". Reuters. Retrieved 21 November 2024.
  24. ^ "China approves 35 percent SK stake in $2.7 billion Sinopec ethylene plant". Reuters. 5 June 2013. Retrieved 13 September 2024.
  25. ^ "武汉80万吨/年乙烯工程变更投资主体通过核准". www.ndrc.gov.cn (in Chinese). 27 May 2013. Retrieved 13 September 2024.
  26. ^ a b Charlie Zhu (25 March 2013). "Sinopec to pay $1.5 billion for parent's oil, gas assets". Reuters.
  27. ^ "China's Sinopec posts $6 bln H1 profit on rebounding oil prices, better demand". Reuters. 29 August 2021. Retrieved 21 April 2023.
  28. ^ "Sinopec Q1 net income jumps 25% on high oil prices". Reuters. 27 April 2022. Retrieved 21 April 2023.
  29. ^ Shrestha, Priyanka (2 February 2022). "China's first megaton-scale CCUS project completed". Energy Live News. Retrieved 5 April 2023.
  30. ^ "Sinopec Completes China's First Megaton Scale Carbon Capture Project". www.sinopecgroup.com. Retrieved 5 April 2023.
  31. ^ "Sinopec plans million-tonne carbon capture project to meet China's 2030 target". Global Construction Review. 7 July 2021. Retrieved 5 April 2023.
  32. ^ Tullo, Alexander (30 April 2023). "Sinopec opens copolymer plant". Chemical & Engineering News. Retrieved 23 November 2024.
  33. ^ "Sinopec's first green hydrogen plant starts production in Xinjiang". Reuters. 30 June 2023. Retrieved 26 September 2023.
  34. ^ "China's Sinopec says world-leading green hydrogen project will take longer than expected to ramp up". South China Morning Post. 3 January 2024. Archived from the original on 3 January 2024. Retrieved 16 February 2024.
  35. ^ Yihe, Xu (30 May 2021). "Sinopec's green hydrogen ambitions: Five-year growth plan crucial to refiner's transition". Upstream Online. Retrieved 16 July 2022.
  36. ^ "Sinopec starts construction of green hydrogen plant in Xinjiang - Xinhua". Reuters. 30 November 2021. Retrieved 16 July 2022.
  37. ^ a b Yihe, Xu (2 September 2021). "Ma has plans for greener growth at Sinopec". upstreamonline.com. Retrieved 12 September 2024.
  38. ^ Sharushkina, Nelli; Yen Ling, Song (20 June 2006). "Sinopec, Rosneft Clinch Udmurtneft Deal - ProQuest". Oil Daily. ProQuest 199124746. Retrieved 22 September 2024.
  39. ^ "浙江石油分公司 主页". zjsy.sinopec.com (in Chinese). Retrieved 22 September 2024.
  40. ^ "Energy giants Sinopec and BP to strengthen ties in China, explore potential cooperation in EV charging". South China Morning Post. 18 January 2024. Archived from the original on 19 January 2024. Retrieved 17 February 2024.
  41. ^ "Rankings and Analysis: Largest Refining Companies in the World". Offshore Technology. 12 November 2020. Retrieved 25 August 2024.
  42. ^ a b c Haggett, Scott; Bergin, Tom; Jordan, Pav; Bryan, Victoria; Sandle, Paul; Rajan, Amitha (24 June 2009). "China's Sinopec to buy Addax for C$8.27 billion". Reuters. Retrieved 26 August 2024.
  43. ^ a b Downs, Erica; Evans, Peter. "Untangling China's Quest for Oil through State-backed Financial Deals". Brookings. Retrieved 15 September 2024.
  44. ^ Yelery, Aravind (December 2014). "China's 'Going Out' Policy: Sub-National Economic Trajectories" (PDF). Institute of Chinese Studies Analysis. 24: 4. Retrieved 14 September 2024.
  45. ^ a b c d e f Liu, Dong (8 October 2014). "China's Resource Demand and Market Opportunities in the Middle East: Policies and Operations in Iran and Iraq". Perspectives on Global Development and Technology. 13 (5–6): 564–587. doi:10.1163/15691497-12341318.
  46. ^ a b c d e f Lee, P (June 2005). "China's Quest for Oil Security: Oil (Wars) in the Pipeline?" (PDF). Pacific Review. 18 (2): 265–301. doi:10.1080/09512740500162949.
  47. ^ a b c d e Alves, Ana (January 2013). "China's Economic Statecraft and African Mineral Resources: Changing Modes of Engagement". Global Powers and Africa Programme. 131.
  48. ^ a b c d e f g Jiang, Julie; Sinton, Jonathan (February 2011). Overseas Investments by Chinese National Oil Companies (Report). Paris: OECD/IEA.
  49. ^ "Absorbing overseas talents". www.sinopecgroup.com. Retrieved 17 September 2024.
  50. ^ a b "China, Iran sign biggest oil & gas deal". China Daily. 31 October 2004. Retrieved 26 September 2024.
  51. ^ a b c d "China's Sinopec, Iran ink Yadavaran deal". AP. China Mining. 11 December 2007. Archived from the original on 14 February 2008. Retrieved 26 September 2024.
  52. ^ a b c "Early Production from Yadavaran Oil Field Starts". Shana. Tehran. 6 May 2012. Archived from the original on 11 May 2012. Retrieved 26 September 2024.
  53. ^ Xu, Muyu (10 November 2023). "Explainer: Iran's expanding oil trade with top buyer China". Reuters. Retrieved 26 September 2024.
  54. ^ Sharafedin, Bozorgmehr; Fenton, Susan (2 May 2019). "Iran says China's Sinopec might not develop Yadavaran oilfield". Reuters. Retrieved 26 September 2024.
  55. ^ Ying, Wang (16 September 2005). "Oil consortium buys EnCana Ecuador assets". www.chinadaily.com.cn. Retrieved 18 September 2024.
  56. ^ a b "Consorcio chino asume activos de Encana en Ecuado" (PDF). Xinhua (in Spanish). Quito. 7 March 2006. Retrieved 18 September 2024.
  57. ^ a b Ray, Rebecca; Chimienti, Adam (28 April 2015). A Line in the Equatorial Forests Chinese Investment and the Environmental and Social Impacts of Extractive Industries in Ecuador (PDF) (Report). Boston University Global Development Policy Center.
  58. ^ Gill, Nathan (3 July 2014). "Ecuador Says China Signed $2 Billion Oil Deal to Access Crude". Bloomberg.com. Retrieved 18 September 2024.
  59. ^ Moloney, Anastasia (12 July 2019). "Ecuador tribe wins legal battle over the Amazon". Thomson Reuters Foundation. Bogota. Retrieved 18 September 2024.
  60. ^ Koenig, Kevin; Mazabanda, Carlos (7 November 2019). "Historic Victory in the Fight for Indigenous Rights and to End Amazon Crude". amazonwatch.org. Retrieved 18 September 2024.
  61. ^ a b Xu, Wan; Kills, Ken (11 October 2011). "Sinopec buys 18 pct of Chevron Indonesia deep-water project -official". Reuters. Retrieved 16 September 2024.
  62. ^ a b Sharushkina, Nelli; Yen Ling, Song (20 June 2006). "Sinopec, rosneft clinch udmurtneft deal". Oil Daily. ProQuest 199124746. Retrieved 22 September 2024.
  63. ^ "Sakhalin-3". www.rosneft.com. Archived from the original on 25 May 2010. Retrieved 23 September 2024.
  64. ^ "Sakhalin Island". www.eia.doe.gov. May 2008. Archived from the original on 21 August 2010. Retrieved 23 September 2024.
  65. ^ Walters, Greg (21 June 2006). "Sinopec Sets Deal For Russian Oil, Aided by Rosneft". Wall Street Journal. Moscow. Retrieved 23 September 2024.
  66. ^ Kont, Memet; Friess, Chad (4 April 2007). Tanganyika Oil Company Ltd (PDF) (Report). UBS. Archived from the original (PDF) on 13 August 2010. Retrieved 17 September 2024.
  67. ^ "Sinopec pays $2 bln for Syria-based Tanganyika Oil". Reuters. 25 September 2008. Retrieved 17 September 2024.
  68. ^ a b Lerner, George Marshall (14 February 2017). "Why China Can't Ignore Syria's Rebel Factions". thediplomat.com. Retrieved 17 September 2024.
  69. ^ "Chinese Petroleum Firm Leave Syria". Qatar News Agency. 20 August 2013. Retrieved 17 September 2024.
  70. ^ Chen, Shu-Ching Jean (19 June 2013). "AED Oil Seeks Savior In Sinopec". Forbes. Retrieved 17 September 2024.
  71. ^ Wilkinson, Rick (7 March 2008). "AED, Sinopec form JV for AED's Timor Sea assets". Oil & Gas Journal. Retrieved 17 September 2024.
  72. ^ "Addax Petroleum to close operations in Geneva". swissinfo.ch. 7 August 2017. Retrieved 26 August 2024.
  73. ^ "Glencore Replaces Sinopec In Chevron's South Africa Asset Sale". Swisscham.org. 24 August 2017.
  74. ^ Sanyaolu, Adewale (1 September 2017). "US probes Sinopec over alleged $100m bribe to Nigerian officials". The Sun Nigeria. Retrieved 26 August 2024.
  75. ^ Al-SHAFIY, Haider Hamood Radhi (March 2015). "CNPC, CNOOC and SINOPEC in Iraq: Successful Start and Ambitious Cooperation Plan". Journal of Middle Eastern and Islamic Studies (In Asia). 9 (1): 78–98. doi:10.1080/19370679.2015.12023256.
  76. ^ Lee, John (15 October 2013). "Sinopec is Dealt a Setback in Iraq". Iraq Business News. Retrieved 26 August 2024.
  77. ^ "UPDATE 1-Canada clears Sinopec to buy Syncrude stake". Reuters. 25 June 2010.
  78. ^ Galvin, Terry (29 January 2012). "Scrutinizing Canada's pipeline to Beijing". National Post. Retrieved 12 September 2024.
  79. ^ "Sinopec makes C$2.2bn bid for Canada's Daylight". 10 October 2011. Archived from the original on 5 October 2013.
  80. ^ Globe and Mail, Report on Business p.B3, 2 August 2013
  81. ^ Dowsett, Sonya; Aizhu, Chen. "China's Sinopec buys Repsol Brazil stake for $7.1 billion". Reuters. Retrieved 26 August 2024.
  82. ^ a b Bennett, Magnus (24 July 2012). "China dives into North Sea waters". BBC News. Retrieved 26 August 2024.
  83. ^ Cao, Belinda (13 November 2011). "Sinopec Gains". Bloomberg.com. Archived from the original on 21 March 2015. Retrieved 26 August 2024.
  84. ^ Winning, D (2 December 2010). "Sinopec to join chevron gas project". The Washington Post.
  85. ^ "BP, Sinopec start Singapore-based bunker fuel joint venture". Reuters. 19 May 2015. Retrieved 22 September 2024.
  86. ^ "BP-Sinopec bunker venture to start fuel oil deliveries to Fujairah". SP Global. Dubai. 9 July 2020. Retrieved 22 September 2024.
  87. ^ "Sinopec makes $1.5bn investment in North Sea". Retrieved 17 December 2012.
  88. ^ Allister, Thomas (1 November 2023). "Repsol Sinopec gets rebrand after $2.1bn dispute deal is closed". Energy Voice. Retrieved 26 August 2024.
  89. ^ Chen Aizhu (25 April 2013). "China's Sinopec sells Myanmar energy stake to Taiwan's CPC". Reuters.
  90. ^ Avik Das (30 August 2013). "Apache sells Egyptian oil stake to Sinopec for $3.1 billion, forms global JV". Reuters.
  91. ^ "NIO and Sinopec enter strategic partnership; launch of inaugural Gen2 battery swap station". Green Car Congress. Retrieved 5 April 2023.
  92. ^ "Sinopec signs China's largest long-term LNG contract with U.S. firm". Reuters. 4 November 2021.
  93. ^ a b "Sinopec signs China's largest long-term LNG contract with U.S. firm". Reuters. 4 November 2021. Retrieved 28 March 2023.
  94. ^ Chen Aizhu. (19 January 2022). "China Sinopec tenders to sell up to 45 LNG cargoes for 2022". Reuters website Retrieved 1 June 2022
  95. ^ Ukraine designates China’s biggest oil firms as ‘sponsors of war’ for Russian joint ventures
  96. ^ Chen Aizhu and Florence Tan. (6 April 2022). "Exclusive: China state refiners shun new Russian oil trades, teapots fly under radar". Reuters website Retrieved 1 June 2022.
  97. ^ Anna Hirtenstein and Benoit Faucon. (1 June 2022). "Russian Oil Producers Stay One Step Ahead of Sanctions".Wall Street Journal website Retrieved 1 June 2022.
  98. ^ "Sinopec signs huge LNG deals with US producer Venture Global". Financial Times. 20 October 2021.
  99. ^ "Aramco and Sinopec to work on downstream projects in China". Hydrocarbon Engineering. 9 March 2022. Retrieved 20 July 2022.
  100. ^ Dahan, Maha El; Mills, Andrew (12 April 2023). "China's Sinopec to take stake in Qatar's North Field East". Reuters. Retrieved 9 May 2023.
  101. ^ "Sinopec to join QatarEnergy's $29bn North Field East expansion project". 13 April 2023. Retrieved 9 May 2023.
  102. ^ "QatarEnergy selects Sinopec as North Field East expansion partner". thepeninsulaqatar.com. 12 April 2023. Retrieved 9 May 2023.
  103. ^ Aizhu, Chen (31 August 2023). "Sinopec sets up new entity to expand refinery investment abroad". Reuters. Retrieved 26 September 2023.
  104. ^ "Baosteel inks CCUS research agreement with Sinopec, Shell and BASF". Reuters. 8 August 2023. Retrieved 27 October 2023.
  105. ^ Battersby, Amanda (4 November 2022). "Shell, Sinopec to explore CCUS project in China". Upstream Online. Retrieved 27 October 2023.
  106. ^ "Sinopec buys over 30 LNG cargoes for winter demand, trading, sources say". Reuters. 20 September 2023. Retrieved 21 May 2024.
  107. ^ "China's Sinopec signs equity agreement for Kazakh polyethylene project". Reuters. 17 October 2023. Retrieved 18 December 2023.
  108. ^ "Sinopec signs new 27-year LNG supply deal with QatarEnergy". Reuters. 6 November 2023. Retrieved 20 February 2024.
  109. ^ "Sinopec takes stake in Qatar LNG expansion project". www.theasset.com. Retrieved 20 February 2024.
  110. ^ "Sri Lanka charges US$2mn annual fee from Sinopec, R M Parks, LIOC". EconomyNext. 12 November 2023. Retrieved 18 December 2023.
  111. ^ "Sri Lanka to OK Sinopec's $4.5 bln refinery proposal on Monday -minister". Reuters. 25 November 2023. Retrieved 18 December 2023.
  112. ^ Mishra, Shivam (28 November 2023). "Sri Lanka selects China's Sinopec for $4.5bn refinery project". Offshore Technology. Retrieved 18 December 2023.
  113. ^ "Cabinet nod for SINOPEC to set up Petroleum refinery". DailyNews. 27 November 2023. Retrieved 18 December 2023.
  114. ^ "China's Sinopec, Total Gabon Sign Oil Deal". Archived from the original on 30 October 2007.
  115. ^ Agencies (4 February 2004). "Sinopec signs evaluation deal for three oil blocks in Gabon". China Daily. Retrieved 5 February 2007.
  116. ^ Lawson, Antione; Jaas, Benjamin (6 June 2013). "Gabon to Seize Field as Dispute With Sinopec Unit Worsens". Bloomberg.com. Retrieved 27 August 2024.
  117. ^ Farge, Emma (6 June 2013). "Addax 'locked in $1 bln oil dispute with Gabon'". Reuters. Retrieved 27 August 2024.
  118. ^ Farge, Emma; Miles, Tom (16 January 2014). "Sinopec's Addax says ends talks with Gabon over disputed oil licence". Reuters. Retrieved 27 August 2024.
  119. ^ "Sudan to open new oil pipeline". Sudan Tribune. Reuters. 6 April 2006. Retrieved 27 August 2024.
  120. ^ "Sudan Energy Data, Statistics and Analysis - Oil, Gas, Electricity, Coal". eia.doe.gov. Energy Information Administration. April 2007. Archived from the original on 13 March 2008. Retrieved 27 August 2024.
  121. ^ "Sudan: Selected Issues". IMF Staff Country Reports. 20 (73). 10 March 2020. doi:10.5089/9781513536743.002. Retrieved 26 August 2024.
  122. ^ a b c Abdelaziz, Khalid (25 March 2024). "Sudan War Causes Stoppages on South Sudan Oil Pipeline, Officials Say". Reuters. Retrieved 27 August 2024.
  123. ^ Simon Wudu, Waakhe (28 May 2024). "Sudan oil pipeline resumption imminent, says South Sudan official". Reuters. Retrieved 27 August 2024.
  124. ^ "'Major rupture' in Sudan oil pipeline". sudanwarmonitor.com. 20 March 2024. Retrieved 27 August 2024.
  125. ^ a b "China condemns raid on Sinopec oil field in Ethiopia - Radio86.co.uk". Archived from the original on 9 January 2016. Retrieved 30 April 2007.
  126. ^ Cody, Edward (26 April 2007). "China's expansion puts workers in harm's way; attack on ethiopian oil field highlights political perils of pursuing resources abroad". The Washington Post.
  127. ^ "Addax completes acquisition of Shell's stake in Pecten". Xinhua. 4 November 2011. Retrieved 27 December 2012.
  128. ^ "An MBendi Profile – Organisation: Pecten Cameroon Company". Mbendi.co.za. 31 July 2006. Archived from the original on 21 March 2008. Retrieved 19 April 2011.
  129. ^ China's Sinopec buys Marathon's Angola oil fields for $1.52 billion, International: Reuters, 2013, archived from the original on 6 March 2016
  130. ^ a b c Shinn, David H.; Eisenman, Joshua (2023). China's Relations with Africa: a New Era of Strategic Engagement. New York: Columbia University Press. ISBN 978-0-231-21001-0.
  131. ^ "Sinopec, Total Gabon sign deal". cei.gov.cn. 4 February 2004. Retrieved 5 February 2007.
  132. ^ a b c Alfoy, Philippe (29 September 2006). "China's Sinopec 'illegally' destroying Gabon". Business in Africa online. Retrieved 5 February 2007.
  133. ^ Haslam, Chris (October 2006). "Oil prospecting in Gabon". Wildlife Extra.com. Retrieved 5 February 2007.
  134. ^ Haslam, Chris (October 2009). "Gabon/DRC: Chinese companies in the extractive Industries". AfricaFiles. Archived from the original on 4 March 2016. Retrieved 12 January 2011.
  135. ^ "Official: 3rd attempt to cap SW China gas leak succeeds". Chinese Government's Official Web Portal. Archived from the original on 5 October 2013. Retrieved 29 May 2012.
  136. ^ "Sinopec punished for water pollution". Reuters. 4 July 2007. Retrieved 10 May 2008. {{cite news}}: Cite has empty unknown parameter: |1= (help)
  137. ^ http://www.chinacsr.com/2008/02/05/2086-sinopec-guangzhou-receives-warning-for-pollution/ Archived 2008-06-07 at the Wayback Machine “Sinopec Guangzhou Receives Warning For Pollution”. ChinaCSR.com. Feb.5, 2008. Retrieved on 10 May 2008.
  138. ^ "Ex-Direktoriums-Chef von Sinopec in China zum Tode verurteilt". Reuters. 15 July 2009. Retrieved 15 February 2023.
  139. ^ "Sinopec Bags New Hydrogen Projects". Energy Intelligence. 29 December 2022. Retrieved 15 February 2023.
[edit]
  • Business data for Sinopec:
Wikimedia Commons has media related to China Petroleum and Chemical Corporation, Sinopec.
Retrieved from "https://en.wikipedia.org/w/index.php?title=Sinopec&oldid=1259210739"