15 Facts About Sinopec


Sinopec Limited was established as a joint stock entity under the China Petrochemical Corporation Group in February 2000.

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Sinopec was simultaneously listed in Hong Kong, New York, and London in October 2000.

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Sinopec is the largest oil refiner in Asia by annual volume processed.

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In December 2006, Sinopec acquired the assets of Shengli Petroleum, whose main asset was a maturing domestic oil field, in order to stabilize its crude inputs and raise the utilization rate of its existing refineries.

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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.

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Sinopec Corporation is a partner in Petrodar Operating Company Ltd.

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Sinopec is looking into other companies such as ERHC Energy which has multiple oil block assets in the Joint Development Zone.

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Sinopec said it had no plans to pull out of the resource-rich region despite the attack.

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In June 2013, Sinopec agreed to acquire Marathon Oil Corp's Angolan offshore oil and gas field for $1.

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Aramco, Exxon and Sinopec signed contracts for a fuel marketing venture that will manage 750 service stations and a network of terminals in Fujian province.

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Unipec, a subsidiary of Sinopec, signed a contract with French oil company Total Gabon in February 2002.

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Sinopec indeed had previously taken over Addax Petroleum with numerous assets in Nigeria and Cameroon.

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Unipec, a subsidiary of Sinopec, is an intermediary for banned Russian oil.

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Shortly thereafter, Sinopec resumed production with more environmentally friendly methods.

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Zhongyuan Oilfields Petrochemical Company, a unit of Sinopec, had failed to meet waste water treatment requirements and had been ordered to pay a pollution fine and operations had to be halted, according to the State Environmental Protection Administration .

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