The Business Times

Sinopec Group

Energy & Commodities

US sanctioning China oil terminal threatens Sinopec run cuts

FILE PHOTO: The logo of China Petroleum & Chemical Corporation, or Sinopec, is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo
Companies & Markets

Sinopec wins engineering contract for Saudi Arabian green hydrogen project

The agreement was signed by Sinopec, its unit Fujian Petroleum Chemical Industry Co, and Saudi Aramco’s Singaporean unit Aramco Asia Singapore (AAS).
Energy & Commodities

China’s Sinopec partners with Saudi Aramco’s unit in 28.8 billion yuan JV

Sinopec expects crude oil production in 2025 to be 280.15 million barrels, or 767,530 bpd, and natural gas output of 1,450.3 billion cubic feet.
Energy & Commodities

Sinopec’s 2024 net profit drops 16.8% due to falling oil prices, NEVs

Signage at a China Petroleum & Chemical Corp. (Sinopec) gas station in Hong Kong, China, on Thursday, March 21, 2024. Sinopec is scheduled to release earnings on March 24. Photographer: Paul Yeung/Bloomberg
International

Sri Lanka signs landmark US$3.7 billion deal with Chinese state oil giant

China’s crude oil output is expected to reach 215 million metric tons in 2025, while its oil refining capacity will reach 960 million to 970 million tons per annum (mtpa), according to the outlook released in Beijing.
Energy & Commodities

Sinopec forecasts China’s petroleum consumption will peak by 2027

Sinopec said its net profit fell to 8.03 billion yuan (S$1.5 billion) in the third quarter, from 17.9 billion yuan a year earlier.
Energy & Commodities

Sinopec profits slump as oil refining suffers from weak economy

Signage at a China Petroleum & Chemical Corp. (Sinopec) gas station in Hong Kong, China, on Thursday, March 21, 2024. Sinopec is scheduled to release earnings on March 24. Photographer: Paul Yeung/Bloomberg
Energy & Commodities

Sinopec raises output from east China shale oil field

Signage at a China Petroleum & Chemical Corp. (Sinopec) gas station in Hong Kong, China, on Thursday, March 21, 2024. Sinopec is scheduled to release earnings on March 24. Photographer: Paul Yeung/Bloomberg
Energy & Commodities

East Timor talked with Sinopec, other Chinese firms over stalled multi-billion gas project

Signage at a China Petroleum & Chemical Corp. (Sinopec) gas station in Hong Kong, China, on Thursday, March 21, 2024. Sinopec is scheduled to release earnings on March 24. Photographer: Paul Yeung/Bloomberg
Energy & Commodities

Sinopec's 1H profit up 2.6% on record output despite slumping product demand

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