[15], In August 2009, Sinopec completed a takeover of Geneva-based Addax Petroleum for $7.5 billion marking China's biggest foreign takeover. 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 How to Geta Free Flight to Hong Kong in 500,000 Airline Ticket Giveaway, Stocks Drop for a Second Day; Yields Stay Elevated: Markets Wrap, Apple Suppliers Are Racing to Exit China, AirPods Maker Says, The SPAC Fad Is Ending in a Pile of Bankruptcies and Fire Sales, Microsoft Expands Game Pass as Regulators Fret Over Activision Deal. (Podcast). Shortly thereafter, Sinopec resumed production with more environmentally friendly methods. In 2022, we delivered what we promised. The only daily news program focused exclusively on technology, innovation and the future of business hosted by Ed Ludlow from San Francisco and Caroline Hyde in New York. The UK is set to have another cloudy day with some showers in a few pockets on the first day of March as the Met Office forecasted a spell of wintry weather this month. A consortium of a subsidiary of McDermott International, Ltd and Sinopec International Petroleum Service Corp. has received a conditional Letter of Award for the future contract valued at approximately US$2 billion from TotalEnergies for the Tilenga project. Please sign in or register for free. Read more TOP . Sinopec Limited's parent, Sinopec Group, is the world's largest oil refining, gas and petrochemical conglomerate, headquartered in Chaoyang District, Beijing. As of Monday, more than 60 countries had reported coronavirus cases and the markets, including the oil market, fear a significant slowdown in economic activity and global oil demand growth. 01 Sep 1989. Employees were asked to stay home until more is known as a precaution, the source said. 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. We aim to maximise returns from our late life assets, safely. Later in the week, Chevron said on Saturday that the employee had tested negative for coronavirus. Unipec, the oil trading unit of Asias largest refiner China Petroleum & Chemical Corporation, or Sinopec, has sent its London staff to work from home after an employee showed coronavirus-like symptoms, a source with knowledge of the matter told Reuters on Monday. Chen Aizhu and Florence Tan. Get started now for absolutely FREE, no credit card required. While the country is set to . Repsol Sinopec Resources UK is an oil and gas exploration and production company operating in the North Sea. [21] Sinopec's activities in Gabon's national parks were suspended in September 2006, by the Gabonese national parks council. Sinopec Zhongyuan Petrochemical Corp. Ltd. [36] Gabonese law states that industries can extract oil from national parks, but must rehabilitate them to the prior condition. Sinopec has 4 employees across 58 locations and 2.42 t in annual revenue in FY 2021. [38], China's top environmental watchdog warned Sinopec in 2007 to stop operations at one of its oil fields due to chronic river pollution. The cost of the construction is to amount to 3 billion yuan (US$470 million), and the plant will provide an annual production of 20,000 tons which will be supplied to Sinopec's Tahe refinery and production is to begin by June 2023. A Shanghai listing was completed in June 2001. Petro-CyberWorks Information Technology Co., Ltd. About Sinopec Group China Petrochemical Corporation (Sinopec Group) is a super-large petroleum and petrochemical enterprise group, esta blished by the state in July 1998 on the basis of the former China Petrochemical Corporation. 72 were here. The Site and Services are owned and operated by or on behalf of Repsol Sinopec Resources UK, Company No 00825828, Registered Office Suite 1, 3rd Floor , 11-12 St. James's Square , London, SW1Y 4LB ("Repsol Sinopec Resources UK Limited"). 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 (SEPA). Anna Hirtenstein and Benoit Faucon. }. It will consist of 31 well pads connected to a central processing facility (CPF) via buried flowlines. Oilfield Technologys first issue of 2021 begins with a look at US tight oils prospects this year. 12 Jan '23 News Annual Report Russias Oil Production Rises Ahead Of OPEC+ Meeting, Putin Hints Russia May Participate In Newest Round Of OPEC Cuts, Markets Unfazed By $100 Billion Saudi Shale Plan. 100728, SINOPEC Shanghai Offshore Petroleum Company, SINOPEC Pipeline Storage & Transportation Company, SINOPEC Pipeline Transport & Storage Company, SINOPEC Zhenhai Refining & Chemical Company, SINOPEC Hubei Chemical Fertilizer Company. Oil & gas news. Scotland reported its first case of coronavirus on Monday, while Public Health England (PHE) said that widespread transmission of the infection in the UK was highly likely.. See insights on Sinopec including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Callanish 4. 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. Sinopec Ltd. is involved in the production of various petroleum products, including gasoline, diesel, jet fuel, kerosene, ethylene, synthetic fibers, synthetic rubber, synthetic resins, and chemical fertilizers, in addition to exploration of crude oil and natural gas within China. The authorities in the UK advise returning travelers to self-isolate and avoid contact with other people if they had recently traveled to China and other countries in Asia to northern Italy or to Iran. Boesch, and other international experts, have suggested that Sinopec use other methods such as horizontal drilling to minimize its environmental footprint. Funded by the State, it is a State authorized investment arm and State-owned controlling company. In the Chinese New Year of Rabbit, welcome to the thousand-year-old Langzhong, the cradle of the Spring Festival culture in Chinas Sichuan Province. [5] 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 products, petrochemicals, and other chemicals. Brits are braced for chilly weather after the forecaster predicted more wintry conditions this month. Oilfield Technology, Sinopec Group, the largest shareholder of Sinopec Corp., is a super-large petroleum and petrochemical group incorporated by the State in 1998 based on the former China Petrochemical Corporation. China Petroleum & Chemical Corp (Sinopec) said on Monday that it plans to delist from London Stock Exchange, with market observers saying that other mainland Chinese companies could exit. 17 Dec 2012, 01 Sep 1989 - Northern Ireland shares a border with the Republic of Ireland. The project will be led from McDermott's offices in West of London, UK, and Sinopec's office in Yangzhou, China, before transitioning to Uganda for the construction activities. Chinese Foreign Ministry spokesperson Liu Jianchao says that China strongly condemns the violent attack carried out by Somalian insurgents on the premises of the oil company Sinopec in Ethiopia. It also produces ethanol and several biofuels such as biodiesel and green jet fuel, from waste vegetable oil.[6][7]. The bank is considering a new . Over the past 21 years, Sinopec has been contributed to the economic growth and well-being in Saudi Arabia. Our primary concern is the health and safety of our employees, it added. One of the three blocks, LT2000, is some 200 kilometers (120mi) southeast of Gabon's economic hub, Port Gentil, which lies south of the capital, Libreville, on the Atlantic coast. Nobody replied to a message left on a voicemail at Unipec's office in London. (Office of the Leading PartyMember Group) - Party Affairs & Employee Relations Dept. Published by Nicholas Woodroof, Discover all the products and services we have for you and your business, Learn about our scholarships and internships. The company held a promotion conference for compliance management and fully initiated compliance management. 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 Merchant of Record: A Media Solutions trading as Oilprice.com, That email address is already in the database. In March 2013, China Petroleum and Chemical Corp agreed to pay $1.5 billion for Sinopec Group's overseas oil and gas-producing assets. This prestigious project demonstrates the continuity and strength of our business relationship with TotalEnergies and their partners CNOOC International of China and Uganda National Oil Company (UNOC)," said Tareq Kawash, McDermott's Senior Vice President, Europe, Middle East, Africa. Unipec, the oil trading unit of Asia's largest refiner China Petroleum & Chemical Corporation, or Sinopec, has sent its London staff to work from home after an employee showed coronavirus-like. Addax Petroleum was an international gas and oil production and exploration company mainly focused on the Middle East, the North Sea and Africa. Exclusive contributions come from Rystad Energy, Archer, Weatherford, Halliburton, CGG, NOV, TETRA Technologies, Clariant and more. Littlehampton 6. Sinopec Group Annual Report Sinopec Corp. [21] In 2007, Sinopec redid its earlier environmental study, this time in conjunction with the Gabonese environmentalist group Enviropass and the World Wildlife Foundation, winning high marks from Gabonese, Western, and Chinese conservation experts. For full functionality of this site it is necessary to enable JavaScript. During his African visit that year Chinese President Hu Jintao signed a series of bilateral trade accords with his Gabonese counterpart Omar Bongo, including a "memorandum of agreement aimed at showing the parties' desire to develop exploration, exploitation, refining and export activities of oil products". (hereinafter referred to as SINOPEC). [21], On 13 April 2010 the company announced acquisition of Conoco Phillips's 9% stake in the Canadian oil sand firms, Syncrude, for $4.65bn. SINOPEC Zhongyuan Petrochemical Corp. Ltd. SINOPEC Zhanjiang Dongxing Petrochemical Company Limited, SINOPEC Shijiazhuang Refining & Chemical Company, Sinopec Refinery Product Sales Company Limited, Sinopec Yizheng Chemical Fibre Company Limited, Sinopec Yangzi Petrochemical Company Limited, Sinopec Chemical Commercial Holding Company Limited. Liberty Industrial Ltd has been awarded contract for the decontamination, demolition and site remediation of Nigg Oil Terminal. Individuals should consider whether they can afford the risks associated to trading. The U.S. oil giant is working on a plan to have the staff return to work from office, it said two days ago. Tel: (852) 2522 1368 / (852) 6852 8423 Email: nmei@prchina.com.hk / zyliu@prchina.com.hk File: Sinopec Shanghai Petrochemical Company Limited Announces Intention to Delist American Depositary. TALISMAN SINOPEC ENERGY UK LIMITED 17 Dec 2012 - 04 Jul 2016 TALISMAN ENERGY (UK) LIMITED 13 Jan 1995 - 17 Dec 2012 . It is listed in Hong Kong and also trades in Shanghai. Headquartered in Beijing, UNIPEC is a wholly-owned subsidiary of China petroleum & Chemical Corporation (Sinopec) and is china's largest international trade company. Register for free [17], In June 2013, Sinopec agreed to acquire Marathon Oil Corp's Angolan offshore oil and gas field for $1.52 billion. The rebels, the Ogaden National Liberation Front (ONLF), later released the seven abductees and warned foreign companies against working in the area. [8] Sinopec is the largest oil refiner in Asia by annual volume processed. Addax Petroleum was established in 1994 and since August 2009, has been a subsidiary of the Sinopec Group, one of the largest oil and gas producers in China, the biggest oil refiner in Asia and the third largest worldwide. 31 December 2021, Next statement date 16 February 2024 [19] Unipec, a subsidiary of Sinopec, signed a contract with French oil company Total Gabon in February 2002. Electricity supply will derive from a wind farm of 1.7 gigawatts (GW) and a solar farm of 804 megawatts (MW). We'd also like to use analytics cookies so we can understand how you use our services and to make improvements. Sinopec indeed had previously taken over Addax Petroleum with numerous assets in Nigeria and Cameroon. SINOPEC was the the second largest company on the Global Fortune 500 list in 2020 based on revenues. Learn More Schedule a follow up call with a sales representative. (6 April 2022). Any trading and execution of orders mentioned on this website is carried out by and through OPCMarkets. articles a month for anyone to read, even non-subscribers! [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. Read more BASF's UK headquarters in Stockport. 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