Share
VIDEOS 1 TO 50
2015 Sinopec Corporate Video
2015 Sinopec Corporate Video
Published: 2015/06/08
Channel: AddaxPetroleum
SINOPEC: Signature of a record contract in China
SINOPEC: Signature of a record contract in China's oil and gas market.
Published: 2016/07/28
Channel: Veolia Group
Interview with Sinopec Chairman Fu Chengyu
Interview with Sinopec Chairman Fu Chengyu
Published: 2015/03/12
Channel: CGTN
2013 Sinopec Corporate video (Chinese and English)
2013 Sinopec Corporate video (Chinese and English)
Published: 2013/03/08
Channel: AddaxPetroleum
State-owned Sinopec embraces reform to diversify business
State-owned Sinopec embraces reform to diversify business
Published: 2015/09/15
Channel: CGTN
2015 Sinopec in Numbers
2015 Sinopec in Numbers
Published: 2015/06/08
Channel: AddaxPetroleum
Sinopec Lubricant
Sinopec Lubricant
Published: 2016/04/24
Channel: Joshua Sinopec
China Corruption Watchdog Launches Inspections, Eyes Sinopec
China Corruption Watchdog Launches Inspections, Eyes Sinopec
Published: 2014/11/24
Channel: Wochit Business
Sinopec International
Sinopec International
Published: 2011/06/24
Channel: sinopecr
Montrose BLP topside for Repsol Sinopec
Montrose BLP topside for Repsol Sinopec
Published: 2017/03/27
Channel: Heerema Fabrication Group
SINOPEC
SINOPEC
Published: 2015/07/29
Channel: Why Invest In
sinopec 109
sinopec 109
Published: 2012/08/23
Channel: alexander rojas
Sinopec Lubricant Winning Together Working Together
Sinopec Lubricant Winning Together Working Together
Published: 2016/05/01
Channel: Joshua Sinopec
Sinopec Trade Show
Sinopec Trade Show
Published: 2016/07/25
Channel: Sinopec Energy
Chinese Residents Protest Sinopec Plant Expansion
Chinese Residents Protest Sinopec Plant Expansion
Published: 2012/10/26
Channel: NTDTV
SINOPEC   -  Inter Ocean Lubricants Company Profile
SINOPEC - Inter Ocean Lubricants Company Profile
Published: 2014/07/08
Channel: Fashion Disk Advertising Sri Lanka
Sinopec International
Sinopec International
Published: 2017/04/27
Channel: Xuesong Rao
2012 Sinopec Corporate video (Chinese and English)
2012 Sinopec Corporate video (Chinese and English)
Published: 2013/01/24
Channel: AddaxPetroleum
TRABAJADORES DE EMPRESA SINOPEC DENUNCIAN  VIOLACIÓN DE SUS DERECHOS
TRABAJADORES DE EMPRESA SINOPEC DENUNCIAN VIOLACIÓN DE SUS DERECHOS
Published: 2016/09/28
Channel: Kandire.bo
Sinopec rig 275 in Shiba in Saudi Arabia
Sinopec rig 275 in Shiba in Saudi Arabia
Published: 2016/01/12
Channel: Ammar Ahmad
sinopec
sinopec
Published: 2013/09/29
Channel: Mido Mono
Sinopec
Sinopec
Published: 2011/06/14
Channel: FatDogFilmandMedia
Sinopec Lubricants to shake up the Australian market
Sinopec Lubricants to shake up the Australian market
Published: 2012/03/22
Channel: rebecca Coyle
China Sinopec EASY Ways to Make 5000 USD WEEKLY FAST
China Sinopec EASY Ways to Make 5000 USD WEEKLY FAST
Published: 2016/09/18
Channel: Alejandro Gonzales
Empresa china Sinopec juchani q
Empresa china Sinopec juchani q'añuchañataki
Published: 2016/10/05
Channel: ATB Digital
SINOPEC 126
SINOPEC 126
Published: 2013/06/05
Channel: Niko del Rojo
SINOPEC Chairman Fu Chengyu talked about oversea investment and M&A strategy.mpg
SINOPEC Chairman Fu Chengyu talked about oversea investment and M&A strategy.mpg
Published: 2012/11/06
Channel: liudufengling
Sinopec
Sinopec
Published: 2006/11/17
Channel: xilibi
SINOPEC 5 HSE PERSONELS IBN RUSHD YANBU KSA
SINOPEC 5 HSE PERSONELS IBN RUSHD YANBU KSA
Published: 2013/01/13
Channel: Muhammad Ahmad
SINOPEC embraces reform to diversify business
SINOPEC embraces reform to diversify business
Published: 2015/02/04
Channel: CCTV English
Sinopec refinery reports minor blasts
Sinopec refinery reports minor blasts
Published: 2015/04/21
Channel: New China TV
Sinopec : le brut bon marché entame les profits - corporate
Sinopec : le brut bon marché entame les profits - corporate
Published: 2016/08/29
Channel: euronews (en français)
SINOPEC Engineering Group
SINOPEC Engineering Group
Published: 2015/07/29
Channel: Why Invest In
SINOPEC Reforms Oil Marketing Unit
SINOPEC Reforms Oil Marketing Unit
Published: 2014/04/16
Channel: CGTN America
Denuncian a empresa Sinopec de enterrar llantas y turriles con aceite en el rio Ichilo
Denuncian a empresa Sinopec de enterrar llantas y turriles con aceite en el rio Ichilo
Published: 2016/09/29
Channel: ATB Digital
Construction Piles foundation machinery - Cliver Arandia - SINOPEC INTERNATIONAL PETROLEUM SERVICE
Construction Piles foundation machinery - Cliver Arandia - SINOPEC INTERNATIONAL PETROLEUM SERVICE
Published: 2015/07/04
Channel: Cliver Arandia
The Payment Proof Of China Sinopec
The Payment Proof Of China Sinopec
Published: 2016/09/21
Channel: Alejandro Gonzales
Sinopec Drops Hostile Takeover of China Gas
Sinopec Drops Hostile Takeover of China Gas
Published: 2012/10/17
Channel: NTDTV
Sinopec Group: New Look (2008)
Sinopec Group: New Look (2008)
Published: 2011/09/18
Channel: Nan Xu
Trabajadores de empresa China Sinopec denuncian violación a derechos laborales, COD apoya huelga de
Trabajadores de empresa China Sinopec denuncian violación a derechos laborales, COD apoya huelga de
Published: 2017/01/30
Channel: Carlos Peña
Incendio sector SINOPEC en Cañadón Seco
Incendio sector SINOPEC en Cañadón Seco
Published: 2016/11/14
Channel: Julieta Álzaga
Lanzamiento de Sinopec
Lanzamiento de Sinopec
Published: 2012/10/09
Channel: Autorex Peruana S.A.
Nigeria-China Relations: NNPC, SINOPEC Sign MoU On Oil & Gas Investment
Nigeria-China Relations: NNPC, SINOPEC Sign MoU On Oil & Gas Investment
Published: 2016/07/04
Channel: Channels Television
SINOPEC Aerospace Lubricant
SINOPEC Aerospace Lubricant
Published: 2016/05/02
Channel: Joshua Sinopec
SINOPEC Mission
SINOPEC Mission
Published: 2015/11/12
Channel: Sinopec Energy
Sinopec deal
Sinopec deal
Published: 2015/10/09
Channel: Twimovies
SINOPEC - 23/03/2017 -  LOTE 1
SINOPEC - 23/03/2017 - LOTE 1
Published: 2017/03/13
Channel: NARVAEZ SUPERBID
South China Sea dispute: China
South China Sea dispute: China's oil company Sinopec to build gas station on Woody Island - TomoNews
Published: 2015/12/16
Channel: TomoNews US
Sinopec- F1 Sponsor
Sinopec- F1 Sponsor
Published: 2009/12/05
Channel: jerrya4j
LOADOUT OPERATION FOR 100MT SINOPEC CARGO
LOADOUT OPERATION FOR 100MT SINOPEC CARGO
Published: 2017/03/18
Channel: Ikhwan Mazlan
NEXT
GO TO RESULTS [51 .. 100]

WIKIPEDIA ARTICLE

From Wikipedia, the free encyclopedia
Jump to: navigation, search
China Petroleum & Chemical Corporation
Native name
中国石油化工股份有限公司
Public ltd.
Traded as SSE: 600028
SEHK0386
NYSESNP
LSESNP
Industry Oil and gas
Founded Beijing, China
(2000; 17 years ago (2000))
Headquarters Chaoyang District, Beijing, China
Key people
Wang Yupu (Chairman)[1]
Fu Chengyu[2] (CEO)
Vacant (President)
Jiao Fangzheng (Vice President E&P)[3]
Products Fuels, lubricants, petrochemicals
Revenue

Decrease CN¥2.825 trillion (2014)[4]

US$455.499 billion (2014)
Decrease CN¥73.487 billion (2014)[4]
Decrease CN¥46.466 billion (2014)[4]
Total assets Increase CN¥1.451 trillion (2014)[4]
Total equity Increase CN¥593 billion (2014)[4]
Number of employees
358,571 (2015)[4]
Parent China Petrochemical Corporation
(Chinese government)
Website english.sinopec.com
Sinopec in Hong Kong

China Petroleum & Chemical Corporation (中国石油化工股份有限公司), or Sinopec (simplified Chinese: 中国石化; traditional Chinese: 中國石化; pinyin: Zhōngguó Shíhuà), is a Chinese oil and gas company based in Beijing, China. It is listed in Hong Kong and also trades in Shanghai and New York.

Sinopec Limited's parent, Sinopec Group, is one of the major state-owned petroleum energy and chemicals companies in China, headquartered in Chaoyang District, Beijing.[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.

Corporate history[edit]

Sinopec Limited was established as a joint stock entity under the China Petrochemical Corporation Group (Sinopec Group) in February 2000. The company was simultaneously listed in Hong Kong, New York, and London in October 2000. A Shanghai listing was completed in June 2001.

Given its legacy asset base from Sinopec Group, analysts have categorized it as a more downstream oil player than PetroChina.[6] Sinopec is the largest oil refiner in Asia by annual volume processed. Sinopec produces around 1/4 as much raw crude oil as PetroChina, but produces 60% more refined products per annum.

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.

In March 2013, China Petroleum and Chemical Corp agreed to pay $1.5 billion for Sinopec Group’s overseas oil and gas-producing assets.[7]

In August 2013, Sinopec acquired a 33% stake in Apache Corporation’s oil and gas business in Egypt for $3.1 billion.[8]

In December 2013, MCC Holding Hong Kong Corp.Ltd. and MCC Oil & Gas Hong Kong Corp.Ltd., acquired a 18% stake of Sinopec in oil and gas business for $9.3 billion.[9]

Sinopec's filling stations are a frequent sight on China's roads and rivers

Africa[edit]

Sinopec signed an evaluation deal with Gabon in 2004. 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". Three onshore fields were to be explored. One of the three blocks, LT2000, is some 200 kilometers (120 mi) southeast of Gabon's economic hub, Port Gentil, which lies south of the capital, Libreville, on the Atlantic coast. The other two — DR200 and GT2000 - are around 100 kilometres (62 mi) northeast of Port Gentil, according to the Gabonese oil ministry.[10]

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.[11] 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. In August 2005, Petrodar commenced production of oil in blocks 3 and 7 in South-east Sudan. In December 2005, Petrodar announced that its first shipment of crude oil would be shipped from Sudan in January 2006. Petrodar's operations represent a major increase in overall Sudanese oil production. Sinopec is also looking into other companies such as ERHC Energy which has multiple oil block assets in the Joint Development Zone.[12]

In 2007, in eastern Ethiopia’s Ogaden Desert, a raid by an ethnic Somali rebel group on a Sinopec drilling site left 74 dead including 9 Chinese oil workers, and 7 kidnapped on 24 April 2007. The rebels, the Ogaden National Liberation Front (ONLF), later released the seven abductees and warned foreign companies against working in the area. Sinopec said it had no plans to pull out of the resource-rich region despite the attack. 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.[13]

In August 2009, Sinopec completed a takeover of Geneva-based Addax Petroleum for $7.5 billion marking China's biggest foreign takeover. On 31 October 2011 Addax acquired[14] Shell's 80% share of an exploration firm called Pecten that explores and drills in various offshore locations including the oil basin near Douala, Cameroon in cooperation with Total.[15]

In June 2013, Sinopec agreed to acquire Marathon Oil Corp’s Angolan offshore oil and gas field for $1.52 billion.[16]

Rest of the world[edit]

In February 2007, Saudi Aramco and Exxon signed a deal with Sinopec to revamp the Fujian oil refinery and triple its capacity to 240,000 barrels per day (38,000 m3/d) by 2009. Aramco, Exxon and Sinopec also signed contracts for a fuel marketing venture that will manage 750 service stations and a network of terminals in Fujian province.[17] Unipec, a subsidiary of Sinopec, signed a contract with French oil company Total Gabon in February 2002. Under the contract China, for the first time, bought Gabonese crude oil.[18] In the African nation of Gabon, Sinopec's joint ventures in oil exploration have been accused of violating environmental conventions by the government of Gabon. Its activities in Gabon's national parks were suspended in September 2006, by the Gabonese national parks council.[19]

On 13 April 2010 the Company announced acquisition of Conoco Phillips's 9% stake in the Canadian oil sand firms, Syncrude, for $4.65bn. The deal was granted regulatory approval from the Canadian government on 25 June 2010.[20] While largely welcomed by industry, Sinopec's Syncrude stake has raised concerns about the influence the Chinese government may try to exert on Canadian policy makers.[21]

In October 2011, the company offered C$2.2 billion ($2.1 billion) to acquire Canadian oil and gas firm Daylight Energy.[22] Daylight was renamed Sinopec Daylight Energy Ltd. after it was taken over in December 2011.[23]

On 11 November 2011 Sinopec announced that the company will invest $5.2 billion in buying a 30 percent stake in the Brazilian unit of Galp Energia SGPS SA which discovered biggest reserved in the western hemisphere since 1976.[24]

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. This was a remarkable achievement in the company's aim at fully exploring the oil-rich African country. Also they are presently executing an oil/gas project in STUBB CREEK region in Akwa Ibom Southern Nigeria that is capable of producing about 10,000 barrels of oil/day. This is in addition to other exploration projects currently being embarked upon both in Rivers and Akwa Ibom States. Sinopec indeed had previously taken over Addax Petroleum with numerous assets in Nigeria and Cameroon.

On 17 December 2012 Talisman Energy UK announced Sinopec has invested $1.5 billion in a 49 percent stake of Talisman's North Sea properties.[25]

In April 2013, Sinopec agreed to sell a stake of 30 percent in an oil and gas block in Myanmar to Taiwan's CPC Corp.[26]

Environmental and safety record[edit]

In 2004, Sinopec prospected for oil in the 1,550 square kilometers of Loango National Park in southern Gabon and encountered criticism for what domestic and foreign environmental critics said were poor and damaging methods.[27] Primatology professor Christophe Boesch of the US-based environmental organization, the Wildlife Conservation Society (WCS), criticized the use of dynamite and heavy machinery in exploration and road construction by Sinopec through park, noting that it might drive native gorillas deeper into the jungle, where they would be outside legal restrictions on hunting.[28] Gabonese law states that industries can extract oil from national parks, but must rehabilitate them to the prior condition. Boesch, and other international experts, have suggested that Sinopec use other methods such as horizontal drilling to minimize its environmental footprint.[19] Sinopec's activities in Gabon's national parks were suspended in September 2006, by the Gabonese national parks council.[19] 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. Shortly thereafter, Sinopec resumed production with more environmentally friendly methods.[29]

On 21 December 2006, gas started leaking during the drilling of a test well by the Sinopec Southern Prospecting and Development Branch in Quingxi. 12,380 people were evacuated after the leakage occurred. It took at least three attempts and two weeks for the company to seal the leak.[30]

China's top environmental watchdog warned Sinopec in 2007 to stop operations at one of its oil fields due to chronic river pollution. 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).[31]

Guangdong Provincial Environment Bureau (GPEB) had also issued a red sign warning to 19 companies, including Sinopec Guangzhou, in February 2008. By GPEB’s standard, the companies that have involved in excessive emissions or caused serious environmental pollution accidents will be given the red sign warning and will be placed under strict supervision.[32]

On Wednesday, 28 July 2010, an explosion at an abandoned Sinopec plastics and chemicals factory in the Qixia District of Nanjing, China killed at least 12 people and seriously injured 15 more.

An oil pipeline explosion on Friday, 22 November 2013, in Qingdao, Shangdong province killed at least 62 people, injuring 136, and displacing hundreds more after oil previously leaking onto a street during the day ignited.[33]

Awards[edit]

References[edit]

  1. ^ http://english.sinopec.com/about_sinopec/our_company/board_of_directors/20150527/33749.shtml
  2. ^ Fu Chengyu,Chairman's Address, China Petroleum & Chemical Corporation, 13 May 2011.
  3. ^ {http://english.sinopec.com/about_sinopec/our_company/leadership/executive_committee/20080327/3119.shtml}
  4. ^ a b c d e f "2012 Annual Report and Accounts" (PDF). Sinopec. Retrieved 11 June 2013. 
  5. ^ "Welcome to Sinopec." Sinopec. Retrieved on 8 July 2010. "Address: 22 Chaoyangmen North Street, Chaoyang District,Beijing, China"
  6. ^ Agencies (26 September 2009). "Quick facts: Petrochina vs. Sinopec and CNOOC". Chinavestor. Retrieved 12 January 2011. 
  7. ^ Charlie Zhu (25 March 2013). "Sinopec to pay $1.5 billion for parent's oil, gas assets". Reuters. 
  8. ^ Avik Das (30 August 2013). "Apache sells Egyptian oil stake to Sinopec for $3.1 billion, forms global JV". Reuters. 
  9. ^ Avik Das (30 December 2013). "China sells Sinopec oil stake to MCC Oil & Gas for $9.3 billion, forms global JV". Reuters. 
  10. ^ Agencies (4 February 2004). "Sinopec signs evaluation deal for three oil blocks in Gabon". China Daily. Retrieved 5 February 2007. 
  11. ^ https://finance.yahoo.com/news/Addax-Petroleum-announces-cnw-268197338.html?x=0&.v=1
  12. ^ 11
  13. ^ "China condemns raid on Sinopec oil field in Ethiopia - Radio86.co.uk". 
  14. ^ "Addax completes acquisition of Shell's stake in Pecten". Xinhua. 4 November 2011. Retrieved 27 December 2012. 
  15. ^ "An MBendi Profile – Organisation: Pecten Cameroon Company". Mbendi.co.za. 31 July 2006. Retrieved 19 April 2011. 
  16. ^ China's Sinopec buys Marathon's Angola oil fields for $1.52 billion, International: Reuters, 2013 
  17. ^ "Aramco, Sinopec, Exxon sign Fujian refinery deal". 25 February 2007 – via Reuters. 
  18. ^ "China's Sinopec, Total Gabon Sign Oil Deal". 
  19. ^ a b c Alfoy, Philippe (29 September 2006). "China's Sinopec 'illegally' destroying Gabon". Business in Africa online. Retrieved 5 February 2007. 
  20. ^ "UPDATE 1-Canada clears Sinopec to buy Syncrude stake". 25 June 2010 – via Reuters. 
  21. ^ [1] "Terry Glavin: Scrutinizing Canada’s pipeline to Beijing"
  22. ^ "Sinopec makes C$2.2bn bid for Canada's Daylight". 10 October 2011. Archived from the original on 5 October 2013. 
  23. ^ Globe and Mail, Report on Business p.B3, 2 August 2013
  24. ^ "Sinopec Gains". Retrieved 13 December 2011. 
  25. ^ "Sinopec makes $1.5bn investment in North Sea". Retrieved 17 December 2012. 
  26. ^ Chen Aizhu (25 April 2013). "China's Sinopec sells Myanmar energy stake to Taiwan's CPC". Reuters. 
  27. ^ "Sinopec, Total Gabon sign deal". cei.gov.cn. 4 February 2004. Retrieved 5 February 2007. 
  28. ^ Haslam, Chris (October 2006). "Oil prospecting in Gabon". Wildlife Extra.com. Retrieved 5 February 2007. 
  29. ^ Haslam, Chris (October 2009). "Gabon/DRC: Chinese companies in the extractive Industries". AfricaFiles. Retrieved 12 January 2011. 
  30. ^ "Official: 3rd attempt to cap SW China gas leak succeeds". Chinese Government's Official Web Portal. Retrieved 29 May 2012. 
  31. ^ http://uk.reuters.com/article/oilRpt/idUKHKG702120070704 “Sinopec punished for water pollution”. Reuters.com. 4 July 2007. Thomson Reuters. Retrieved on 10 May 2008.
  32. ^ http://www.chinacsr.com/2008/02/05/2086-sinopec-guangzhou-receives-warning-for-pollution/ “Sinopec Guangzhou Receives Warning For Pollution”. ChinaCSR.com. Feb.5, 2008. Retrieved on 10 May 2008.
  33. ^ http://www.sinopecgroup.com/group/Resource/Pdf/2013_Annual_Report.pdf
  34. ^ "The World's Biggest Public Companies". Forbes. Retrieved 6 June 2011. 
  35. ^ "Sinopec". Forbes. Retrieved 6 June 2011. 

External links[edit]

Disclaimer

None of the audio/visual content is hosted on this site. All media is embedded from other sites such as GoogleVideo, Wikipedia, YouTube etc. Therefore, this site has no control over the copyright issues of the streaming media.

All issues concerning copyright violations should be aimed at the sites hosting the material. This site does not host any of the streaming media and the owner has not uploaded any of the material to the video hosting servers. Anyone can find the same content on Google Video or YouTube by themselves.

The owner of this site cannot know which documentaries are in public domain, which has been uploaded to e.g. YouTube by the owner and which has been uploaded without permission. The copyright owner must contact the source if he wants his material off the Internet completely.

Powered by YouTube
Wikipedia content is licensed under the GFDL and (CC) license