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Vietnam Business Finance (Free subscription) | 07/21/2008
A 4.5 billion USD oil refinery project will be built in central coastal Khanh Hoa province, an executive of the Viet Nam National Petroleum Corporation (Petrolimex) said. Chairman of Petrolimex’s Management Board Vu Ngoc Hai said that Petrolimex and its partner the China Petroleum and Chemical Corporation (Sinopec Corp.) are planning to survey the project’s site to make an initial report to
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Globe and Mail (Free subscription) | 07/19/2008
Chinese oil giant Sinopec, formally known as China Petroleum and Chemical Corp., says its first-half profit will fall more than 50 per cent from the same period last year due to government controls that limit its ability to pass on record high crude costs to consumers. A Sinopec statement gave no estimate of first-half earnings, but Asia's biggest refiner reported a profit of 36.2 billion yuan ($5.34-billion)...
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Market Wire (Free subscription) | 07/10/2008
TORONTO, ONTARIO (MARKET WIRE) Hanfeng Evergreen Inc. (TSX: HF) ("Hanfeng" or the "Company"), a leading producer of slow and controlled release fertilizers in China, announced today that it has been selected by the China Petroleum and Chemical Industry Association to participate in establishing the national standard for Urea Formaldehyde Slow Release Fertilizer (UF) and related UF products. Hanfeng...
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Thaindian News (Free subscription) | 07/04/2008
Nicosia, July 3 (ANI): Saudi Basic Industries Corporation (SABIC) and China Petroleum and Chemical Corporation (Sinopec) are reportedly planning to expand their cooperation in an ethylene derivatives complex in the northern Chinese port of Tianjin. SABIC may raise its investment in the project to four billion dollars, instead of 1.7 billion dollars initially agreed between the [...]
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Red Orbit (Free subscription) | 07/02/2008
Brazilian energy major Petrobras and the China Petroleum and Chemical Corporation have signed a memorandum of understanding aimed at a mutual commitment to increase the volume of business between the two companies.
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SeekingAlpha Energy Stocks (Free subscription) | 06/20/2008
Stephanie Grimmett submits: Chinese fuel companies are breaking out on news that the country’s government will raise fuel prices at midnight tonight. PetroChina (PTR), the country’s largest oil producer, is up 4.8% in morning trading. And China Petroleum and Chemical (Sinopec) (SNP) rose 7.7% so far, while CNOOC (CEO) investors don’t seem to know what to make of the news. CEO shares fell at open,...
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Market Wire - Energy and Utilities (Free subscription) | 06/04/2008
BEIJING (MARKET WIRE) Researched by Industrial Info Resources (Sugar Land, Texas) -- China Petroleum and Chemical Corporation (Sinopec) (NYSE: SNP) (Beijing) announced on May 26, 2008, that it will stop exports of refined products this summer because of rising domestic demand, especially during the Olympics. The company said it will increase imports and delay unit overhauls to safeguard a constant...
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Red Orbit (Free subscription) | 05/29/2008
Sinopec to build ethylene joint venture with ROK's SK Energy in central China BEIJING, May 28 (Xinhua) -- China Petroleum and Chemical Corporation (Sinopec) announced on Wednesday it planned to tie up with SK Energy Co., the biggest oil refiner in the Republic of Korea (ROK), to construct an ethylene project in Wuhan, capital of the central Hubei Province.
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People Daily (Free subscription) | 05/28/2008
China Petroleum and Chemical Corporation (Sinopec) announced on Wednesday it planned to tie up with SK Energy Co., the biggest oil refiner in the Republic of Korea (ROK), to construct an ethylene project in Wuhan, capital ofthe central Hube ...
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People Daily (Free subscription) | 05/27/2008
China Petroleum and Chemical Corp. (CPCC), the country's largest oil refiner, said it received 7.1 billion yuan (one billion U.S. dollars) in oil subsidies in April. Board chairman Su Shulin released the information at the annual sh ...
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People Daily (Free subscription) | 04/28/2008
China Petroleum and Chemical Corporation (Sinopec), China's largest oil refiner, announced Sunday that its net profits slumped 65.78 percent in the first quarter from the same period of last year, and were only kept in the black by a 7.4 bi ...
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People Daily (Free subscription) | 04/22/2008
China Petroleum and Chemical Corporation (Sinopec), Asia's largest refiner, said its net profit for the first quarter would fall by 50 percent from a year earlier. "Sinopec has seen big losses in its refining business this year, which ha ...
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People Daily (Free subscription) | 04/21/2008
China Petroleum and Chemical Corp. (Sinopec) and PetroChina. Co., the country's two leading oil refiners, will receive "appropriate" monthly subsidies for losses retroactive to April 1, the companies said in separate statements. Nei ...
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People Daily (Free subscription) | 04/21/2008
China Petroleum and Chemical Corporation (Sinopec), the country's largest oil refiner, predicted its net profit to decrease by more than 50 percent in the first quarter of 2008 from a year earlier. However, the company did not speci ...
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People Daily (Free subscription) | 04/07/2008
China Petroleum and Chemical Corporation announced on the 6th that in 2007, net profit reached 56.533 billion yuan, an increase of 5.5%, according to Xinhua Net. China Sinopec issued its 2007 annual performance report. According to inter ...
