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China Petroleum and Chemical Corp.



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3Vote!

China's Sinopec reports 1.82% rise in refining in H1

China Petroleum and Chemical Corp.(Sinopec), the nation's largest oil refiner, said Tuesday that it processed 86.9 million tonnes of crude oil in the first half of 2009, up 1.82 percent year-on-year, despite the economic slowdown. Sinopec reported earlier that the amount of crude oil it refined fell 3.27 percent year on year in the first quarter. The company, also a leading oil producer, said in a...

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Chinese oil company wins $350 mln contract in Kuwait

The state-own Kuwait Oil Company (KOC) has signed a 117 million kuwait dinars (350 million U.S. dollars) contract with China's top oil refiner China Petroleum and Chemical Corp. (Sinopec) to build five oil and gas rigs in Kuwait, KOC said Sunday. Sami Al-Rusheid, Chairman and Managing Director of KOC said in a statement that the contract is part of the company's strategy to reach a production level...