Sinopec Group
China's Unipec agrees to jet fuel term supply deal with Lufthansa
[SINGAPORE] China’s state oil trader Unipec, a vehicle of refining giant Sinopec Corp, has signed a term deal to supply about 60,000 metric tons of jet fuel to Lufthansa annually, Sinopec said on Mond...
China’s US$470 billion oil and gas splurge is just the start
The Asian nation still consumes far more than it produces, and that is unlikely to change any time soon
Sinopec said to be in talks to merge with China’s aviation fuel giant
The negotiations are still in progress, and there is no timetable or guarantee that the deal will proceed
US sanctioning China oil terminal threatens Sinopec run cuts
The overall impact on China’s crude demand should be short-lived as traders re-route cargoes to other ports
Sinopec wins engineering contract for Saudi Arabian green hydrogen project
The project will produce annually 400,000 metric tons of green hydrogen and 2.8 million tons of green ammonia
China’s Sinopec partners with Saudi Aramco’s unit in 28.8 billion yuan JV
[BENGALURU] China’s state-run Sinopec said on Monday (Apr 28) it had signed an agreement with a unit of Saudi Aramco to establish a joint venture company with a registered capital of 28.80 billion yua...
Sinopec’s 2024 net profit drops 16.8% due to falling oil prices, NEVs
The world’s largest oil refiner says it plans capital spending of 164.3 billion yuan this year to cover key investments such as exploration and development
Sri Lanka signs landmark US$3.7 billion deal with Chinese state oil giant
A “substantial portion” of the refinery’s output would be earmarked for export to shore up Sri Lanka’s foreign exchange earnings
Sinopec forecasts China’s petroleum consumption will peak by 2027
CHINA’S petroleum consumption is expected to peak by 2027 at no more than 800 million metric tons, the state energy group said in an outlook released on Thursday.
Sinopec profits slump as oil refining suffers from weak economy
SINOPEC’s third-quarter profits contracted as China’s biggest oil refiner increasingly finds itself under pressure from the nation’s economic woes and embrace of electrified transportation.
