China's state-run Sinopec Group has suspended talks for a major petrochemical investment and a gas marketing venture in Russia, sources told Reuters, heeding a government call for caution as. (Podcast). Alfreton 2. Sinopec said it had no plans to pull out of the resource-rich region despite the attack. Choose our premium Central London office at 167-169 Great Portland Street, W1. [19] Unipec, a subsidiary of Sinopec, signed a contract with French oil company Total Gabon in February 2002. On 15 October 2012 Sinopec completed the purchase of 20 oil wells belonging to TOTAL E&P in Southern Nigeria in a deal worth around $2.45 billion. Embed article link: (copy the HTML code below): This article has been tagged under the following: Upstream news We aim to maximise returns from our late life assets, safely. The rebels, the Ogaden National Liberation Front (ONLF), later released the seven abductees and warned foreign companies against working in the area. Sinopec Limited was established as a joint stock entity under the China Petrochemical Corporation Group (Sinopec Group) in February 2000. LONDON (Reuters) - London employees at Unipec, the trading arm of China's state oil firm Sinopec, have been told to work from home after an employee exhibited coronavirus-like symptoms, a. To accept or reject analytics cookies, turn on JavaScript in your browser settings and reload this page. Oilfield Technologys first issue of 2021 begins with a look at US tight oils prospects this year. Work began in 2Q21 and first oil is expected in 2025. (hereinafter referred to as SINOPEC). Sinopec released the top 10 oil and gas exploration achievements in 2022. 2019 Repsol Sinopec Resources UK Limited. [13] Sinopec Corporation is a partner in Petrodar Operating Company Ltd., a consortium whose partners also include China National Petroleum Corporation (CNPC, the 90 per cent owner of PetroChina) and Sudapet (the Sudanese state-owned oil company), among others. Tilenga includes six oilfields and will feature 426 oil wells at full production. Contact tech support. The company has signed an agreement to acquire equity interest in discoveries in the Troll, Fram and Kvitebjrn area in the North Sea on the Norwegian continental shelf (NCS) from Wellesley Petroleum AS. We use cookies to make our services work and collect analytics information. more Sinopec Corp China Petroleum & Chemical Corporation is a vertically integrated energy & chemical company that is engaged in oil & gas exploration and production. In 2022, we delivered what we promised. Aramco, Exxon and Sinopec also signed contracts for a fuel marketing venture that will manage 750 service stations and a network of terminals in Fujian province. Brits are braced for chilly weather after the forecaster predicted more wintry conditions this month. Learn More Schedule a follow up call with a sales representative. 22 Chaoyangmen North Avenue, Chaoyang District, Beijing, 100728 Website www.sinopec.com Telephone 86 10 59960028 No of Employees 385,691 Industry Energy and Utilities Ticker Symbol & Exchange 600028 (SHA) Revenue (2022) $424.9B 30.2% (2022 vs 2021) EPS XYZ "Russian Oil Producers Stay One Step Ahead of Sanctions". This was a remarkable achievement in the company's aim at fully exploring the oil-rich African country. Sinopec is also looking into other companies such as ERHC Energy which has multiple oil block assets in the Joint Development Zone. Addax Petroleum was an international gas and oil production and exploration company mainly focused on the Middle East, the North Sea and Africa. China Petroleum & Chemical Corporation () or Sinopec (simplified Chinese: ; traditional Chinese: ; pinyin: Zhnggu Shhu), is a Chinese oil and gas enterprise based in Beijing. You can change your cookie settings at any time. [12], In November 2005, Sinopec Group announced plans to partner with CNPC to purchase an oil field in Sudan, and has reportedly indicated an interest in expanding its business in Sudan. Also included in the plans are a storage tank as well as a pipeline network. China Petrochemical Corporation (Sinopec Group) is a super-large petroleum and petrochemical enterprise group, established by the state in July 1998 on the basis of the former China Petrochemical Corporation Ma Yongsheng, Chairman, Secretary of the Leading Party Member Group Mr. Ma is a professor level senior engineer with a doctors degree and an academician of the Chinese Academy of Engineering 2019 saw complex and grim production and operation environment, with internal and external challenges rising sig-nificantly, global economic growth slowing down, international oil prices fluctuating at a wide range Sinopec Group - The Board of Directors - The Executive Management Team - General Administration Dept. Over the past 21 years, Sinopec has been contributed to the economic growth and well-being in Saudi Arabia. Sinopec's business includes oil and gas exploration, refining, and marketing; production and sales of petrochemicals, chemical fibers, chemical fertilizers, and other chemical products; storage and pipeline transportation of crude oil and natural gas; import, export and import/export agency business of crude oil, natural gas, refined oil [18], In February 2007, Saudi Aramco and Exxon signed a deal with Sinopec to revamp the Fujian oil refinery and triple its capacity to 240,000 barrels per day (38,000m3/d) by 2009. var write_html = `