China Petroleum & Chemical Corp (SNP.N)
17 Apr 2014
|Market Cap (Mil.):||$99,717.45|
|Shares Outstanding (Mil.):||1,167.95|
* PetroChina to triple spending from $500 mln past few years
(Adds Twitter, Mosaic, Cargill, Archer Daniels, Campari, Updates Eurobank, Sinopec, Motorola, United Spirits, Aaron's, Riverbed)
* China already taking 240,000 bpd of Kazakh oil home (Adds detail on fields locations, trader comments)
* But Sinopec-Phillips 66 deal signals involvement of big oil
BEIJING - A city in southern China which has been the site of violent protests against a proposed chemical plant said it will not go ahead with the project if a majority of residents object to it, as authorities seek to head off more unrest.
BEIJING, March 31 - Sinopec Corp, China's No.2 oil and gas producer, aims to start pumping from the Yuanba sour gas field in the country's southwest by the end of 2014 using its own technology, according to its parent company's website and industry officials.
(This March 4 story was corrected in the sixth paragraph to remove reference to banks)
(In March 4 story, corrects 6th paragraph to remove reference to banks)
* Sinopec plans to complete marketing business sale by Q3
HONG KONG, March 23 - China Petroleum and Chemical Corp (Sinopec Corp) reported a 35 percent drop in fourth quarter net profits, bigger than expected, as improved profitability at its refining division was offset by a dip in upstream earnings.