Sinopec Group

Sinopec posts 36.8% drop in 2025 net profit on weak petrochemical margins, new energy substitution

Refinery throughput is down 0.8% at 250.33 million tonnes, equivalent to five million barrels per day

Chinese state oil firms stopped buying Russian oil after Washington imposed sanctions on Moscow’s biggest oil companies, including Rosneft.

China oil majors resume seeking Russian oil after 4-month halt: sources

This is to head off supply shortages caused by the war in the Middle East

The cuts by Sinopec are part of Beijing’s widening measures to curb oil supply disruptions.

Sinopec plans to cut crude runs by over 10% on Middle East supply squeeze: sources

The refiner will focus on maximising fuel output at the expense of petrochemicals production

The volume Sinopec sought equates to roughly 19 days of its crude processing, or 40 days of imports from the Middle East.

Beijing rejects Sinopec’s request to tap commercial reserve: sources

Sinopec relies on the Middle East for nearly 60% of its total crude oil imports

A model of oil pump jack at Sinopec's booth at the China International Fair for Trade in Services in Beijing last September.

China Aviation Oil confirms Sinopec merger with parent CNAF

State administrators have given the nod for the merger following deliberation, says CAO

It will supply about 60,000 metric tons of jet fuel to Lufthansa annually.

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 has long sought to reduce the risk that comes with being both the world’s top consumer and its largest importer of energy.

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

If the tie-up goes ahead, Sinopec is expected to absorb all of CNAF’s assets and operations.

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

Sinopec’s 200,000 barrel-a-day Luoyang refinery is expected to be hardest hit.

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

Commercial operation is slated to start in 2030, says Sinopec without providing financial details.

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