China Petroleum and Chemical Corp (Sinopec)<600028><386>, Asia’s largest oil refiner, will launch a petrochemical complex project in Hangzhou, capital of eastern China’s Zhejiang province, according to its parent Sinopec Group.
Under a strategic cooperation agreement between Sinopec and the Hangzhou municipal government, Sinopec will build a petrochemical complex including a refinery to produce paraffin and lube, [...]
Sinopec Group, parent of China Petroleum & Chemical Corp (Sinopec)<600028><386>, said the daily natural gas output of Sinopec’s southwest gas field hit a record of 8.2 million cubic meters, and the total gas output of this field is expected to exceed 2.7 billion cubic meters this year, market sources reported.
Sinopec’s southwest gas field, located in [...]
UBS has downward adjusted its target price of PetroChina to 13.80 HK dollars from 14.40 HK dollars, and that of CNOOC to 17.00 HK dollars from 18.60 dollars as the international crude price kept falling.
Considering PetroChina and CNOOC’s upstream sector would bring higher ROA and ROE, UBS rates the two at “buy,” but gives “neutral” [...]
Sources said China Petroleum and Chemical Corporation (Sinopec), China’s largest oil refiner, may not get government oil subsidies in the fourth quarter of this year due to the falling price of oil, according to China Business News.
At Sinopec’s results announcement in August, a senior official said the detail of subsidies will be decided by global [...]
Non-State-owned oil trading enterprises plan to sue two oil giants to break the oil monopoly, said sources familiar with the matter at an oil summit yesterday, according to China Youth Daily.
Zhao Youshan, president of Petroleum Flow Committee of the General Chamber of Commerce, made the remarks in a summit held yesterday, attended by more than [...]
Sinopec, Asia’s top refiner, saw 4.335 billion of its non-tradable shares freed-up on Friday, all belonging to its parent company, China Petroleum and Chemical Corp. (CPCC). CPCC said it would not cash in any of those shares.
These shares accounted for 5 percent of its total capital stock.
Tags: Share, Sinopec, Stock
