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Sinopec Engineering IPO Has Skeptics

Share-sale bankers struggling in Hong Kongs quiet fundraising markets have one company to thank for a recent increase in activity that might continue: China Petrochemical Corp., also known as Sinopec Group. But a pending initial public offe......【More】

2013-04-25

Sinopec markets dollar bonds in overseas push

China Petroleum Chemical Corp, Asias biggest refiner, is marketing a sale of dollar-denominated bonds in four maturities to fund overseas investment and repay bank debt. Sinopec, as the company is known, plans to sell three-, five-, 10- and......【More】

2013-04-24

Investors focus on Sinopec, trade CNPC

Asian credit investors had all their energy focused on the primary market today, especially on a 4-tranche transaction from China National Petroleum and Chemical Corp (Sinopec). It was for this reason, traders said, there was little activit......【More】

2013-04-22

CNPC supports energy supply in Chongqing

Liangjiang New Area Property Development Co., Ltd. in Chongqing signed a strategic cooperation agreement with China National Petroleum Corporation (CNPC) days ago. According to the agreement, the two sides will jointly establish a joint ven......【More】

2013-04-19

China Petrochemical Development Corp. : Iceland Signals Deeper Ties with China

Icelands foreign minister signaled deeper cooperation with China on commerce and offshore exploration following the signing of the first free-trade pact between the Chinese and a European country. Ossur Skarphedinsson, speaking during an in......【More】

2013-04-17

China CNOOC's refining throughput rises 15.2% on year to 602,400 b/d in 2012

China National Offshore Oil Corp or CNOOC Group, the parent of listed arm CNOOC Ltd, refined 30.08 million mt (602,400 b/d) of crude last year, up 15.2% from 26.1 million mt in 2011, the company said in its 2012 sustainable development repo......【More】

2013-04-16

Chinese Firms' Foreign Oil Production Mostly Sold Abroad, Official Says

Chinese companies foreign ventures produced 90 million tons of oil last year and more than 90 percent of that was sold abroad, a government official said on December 3. The statement by Liu Qi, deputy director of National Energy Administrat......【More】

2013-04-15

Refiner Says Cheap US Gas Threatens Local Industry

Sinopec Shanghai Petrochemical has warned that cheap natural gas in the United States and coal from the mainland pose serious competitive threats to mainland crude oil refiners. The subsidiary of China Petroleum Chemical (Sinopec) that oper......【More】

2013-04-12

Fitch Unheeded as CNPC Wins Record-Low Dollar Cost

Chinas largest oil company raised dollars at the lowest-ever cost for an issuer from the nation in a sign of investor confidence on the same day Fitch Ratings Ltd. cut the sovereign credit rating. China National Petroleum Corp. sold $2 bill......【More】

2013-04-12

Sinopec Shuts Crude Unit at Shanghai Refinery After Leak, Fire

Sinopec Shanghai Petrochemical Co. had a fire at its refinery that shut a residue hydrocracker, according to the companys board secretary. The blaze started this afternoon and was caused by a leak at the unit, which has a capacity of 3.9 mi......【More】

2013-04-11