China Petroleum & Chemical Corp (SNP.N)
28 Sep 2016
* Sinopec to open new reserves if oil holds at $45-$50 -chairman (Adds details on crude output decline, crude runs and natural gas output)
SEOUL, Sept 9 SK Innovation Co Ltd, which owns South Korea's top refiner SK Energy, said on Friday it is seeking to expand into the refining and lubricant sectors in co-operation with China's Sinopec Corp.
BEIJING, Aug 28 China Petroleum and Chemical Corporation, or Sinopec Corp, said on Sunday its net profit fell 21.6 percent in the first half of 2016, hurt by a steep decline in international oil prices.
HONG KONG, Aug 9 State-owned China Petroleum & Chemical Corp (Sinopec) is currently discussing the conditions put forward by British oil and gas major BP plc for its planned exit from their SECCO petrochemicals joint venture, a Sinopec spokesman told Reuters on Tuesday.
FRANKFURT/HONG KONG, Aug 9 British oil major BP is seeking buyers for its 50 percent stake in a Chinese petrochemicals joint venture, its single largest investment in China, in a deal that would fetch $2-$3 billion, people familiar with the matter told Reuters.
BEIJING, Aug 3 China's Sinopec Corp will sell a stake in the Sichuan-East China gas pipeline to no more than 15 investors, the company said in an announcement in Beijing Equity Exchange on Wednesday.
BEIJING, Aug 2 China's Sinopec Corp said on Tuesday it would sell half of its premium natural gas pipeline business to investors, a move spurred by Beijing's reform push to boost efficiency and increase infrastructure investment in cleaner fuel.
BEIJING, Aug 1 China, the world's third-largest natural gas consumer, is planning to lower distribution prices for gas, part of anticipated sector reforms to boost use of the cleaner-burning fuel, state media reported.
BEIJING Profits earned by China's industrial firms grew at their fastest pace in three months in June, indicating government spending is supporting the corporate sector though uneven growth and soft investment pose headwinds.
* Supply loss due to accident roughly 3 pct of China's gas consumption