Read more TOP . Petrodar's operations represent a major increase in overall Sudanese oil production. As of Monday, more than 60 countries had reported coronavirus cases and the markets, including the oil market, fear a significant slowdown in economic activity and global oil demand growth. [13] 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. All quotes delayed a minimum of 15 minutes. Save to read list Sinopec Group Corporate Headquarters, Office Locations and Addresses | Craft.co 17 Dec 2012, 01 Sep 1989 - The consortium will provide engineering, procurement, construction and commissioning (EPCC) services for the development of an onshore oilfield that will generate up to 200 000 bpd. [10] Discover our net zero emissions commitment. The project will be led from McDermott's offices in West of London, UK, and Sinopec's office in Yangzhou, China, before transitioning to Uganda for the construction activities. Copyright China Petrochemical Corporation. [14], In 2007, in eastern Ethiopias 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. Petro-CyberWorks Information Technology Co., Ltd. (hereinafter referred to as SINOPEC). Chen Aizhu and Florence Tan. [29] In January 2022 they offered to re-sell LNG to take advantage of high Asian spot prices. Unipec is the trading arm of China. Construction on the Ulanqab project is slated to start construction in December 2023, with completion scheduled for June 2027. [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. [32], Unipec, a subsidiary of Sinopec, is an intermediary for banned Russian oil. Embed article link: (copy the HTML code below): This article has been tagged under the following: Upstream news SINOPEC was the the second largest company on the Global Fortune 500 list in 2020 based on revenues. [15], In August 2009, Sinopec completed a takeover of Geneva-based Addax Petroleum for $7.5 billion marking China's biggest foreign takeover. HSBC Holdings Plc is looking for a new global headquarters less than half the size of its current space in London's Canary Wharf, according to the Sunday Times. [20] 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. The bank is considering a new . While the country is set to . Tel: (852) 2522 1368 / (852) 6852 8423 Email: nmei@prchina.com.hk / zyliu@prchina.com.hk File: Sinopec Shanghai Petrochemical Company Limited Announces Intention to Delist American Depositary. [31] In March 2022, a memorandum of understanding was signed between Sinopec and Aramco to strengthen the already existing ties between the companies and to improve their downstream operations. Luis Polo has been appointed Chief Executive Officer, Repsol Sinopec Resources UK Limited, effective 1 March 2023. Editor Woolpit Production 1. [35] 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. Nothing contained on the Web site shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction. (1 June 2022). 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. Repsol Sinopec Resources UK is an oil and gas exploration and production company operating in the North Sea. Read the latest issue of Oilfield Technology in full for free: Issue 1 2021. 72 were here. We have established a dedicated, integrated team focused on late life optimisation and executing decommissioning, as one. (Office of the Leading PartyMember Group) - Party Affairs & Employee Relations Dept. See here for a complete list of exchanges and delays. Registered office address changed from Suite 1, 3rd Floor 11-12 st. James's Square London SW1Y 4LB England to Suite 1, 7th Floor 50 Broadway London SW1H0BL on 13 October 2022 Equinor to acquire equity interest in five North Sea discoveries, McDermott, Sinopec consortium land EPCC contract for TotalEnergies' Tilenga project. [19] Unipec, a subsidiary of Sinopec, signed a contract with French oil company Total Gabon in February 2002. "China Sinopec tenders to sell up to 45 LNG cargoes for 2022". It arose from the acquisition, in 2015, by Repsol, of the global assets of the former Talisman Energy Inc, including its 51% equity interest in the joint venture, previously called Talisman Sinopec Energy UK. The company was simultaneously listed in Hong Kong, New York, and London in October 2000. London 3. Founded in 1995, UNIPEC is China's largest trading company and has established business. Please, Small Nuclear Reactors Get Boost As Western Cities Vote Yes, BP Gets Disappointing Results For Gulf Of Mexico Deepwater Appraisal Well, Equinor Closes In On $1 Billion Deal To Buy Suncors UK Oil Assets, Oil Demand Set To Climb As Chinas Economy Finally Rebounds, Germanys Natural Gas Bill Doubled In 2022 Despite Import Volumes Falling, Saudi Aramco Looks To Invest In LNG Export Facility Abroad, European Natural Gas Prices Post Longest Monthly Losing Streak Since 2020, Alberta Eyes Massive Budget Surplus Thanks To High Oil Prices, U.S. Crude Oil Inventories Continue To Build, Russias Oil Exports Still Strong Despite Sanctions, Russian Oil And Gas Project Misses Output Targets After Exxon Exit, Gazprom Neft: Russian Oil Output Cut Will Help Balance The Market, BPs CEO Warns Of Oil And Gas Price Spikes If Energy Transition Is Rushed, House Republicans Look To Block ESG Investing In Retirement Plans, Chevron Hikes Annual Share Buyback Target To $17.5 Billion, BP To Stop Publishing Statistical Review Of World Energy After 71 Years, Shale CEO Highlights What Argentinas Oil Industry Needs To Flourish, Japan Steps Up Efforts To Build Nuclear Fusion Reactor, U.S. Natural Gas Futures Hit One-Month High, UK Households Brace For Higher Energy Bills In April, Kazakhstan Enters New Era Amid Strong Demand For Its Commodities, Rio Tinto Signs Iron Deal With One Of Chinas Top Steelmakers, Mexico's Oil Giant Reports Staggering Losses, U.S. Sinopec is one of the world's. Why? 01 Sep 1989. Main figures, lines of action, and facilities map. Our Standards: The Thomson Reuters Trust Principles. For the first time, the company released Sinopec Handbook of Integrity and Compliance Management . China petrochemical identification by chaoyang graphics, Chinese referred to as and English referred to as (SINOPEC) is composed of three parts. At 2022 World Internet Conference & The Light of Internet Expo, Sinopec presented its achievements in the infrastructure security protection of critical information and smart industry, as well as the measures driving the healthy growth of the "digital industry" within Sinopec. Address: 5th floor, 40 Princes Street Edinburgh EH2 2BY United Kingdom Tel: + 44 (0) 131 557 7101 Fax +44 (0) 131 556 8035 Last updated: December 2021 Sinopec produces around 1/4 as much raw crude oil as PetroChina, but produces 60% more refined products per annum. This was a remarkable achievement in the company's aim at fully exploring the oil-rich African country. Cooperative relationships and environment, Dialogue with communities and indigenous peoples, Information on the Repsol Group's corporate structure, Repsol International Finance official notices, Repsol Europe Finance official communications, Qualified individuals with experience for industrial complexes. Unipec, the oil trading unit of Asias largest refiner China Petroleum & Chemical Corporation, or Sinopec, has sent its London staff to work from home after an employee showed coronavirus-like symptoms, a source with knowledge of the matter told Reuters on Monday. Nobody replied to a message left on a voicemail at Unipec's office in London. 04 Jul 2016, 13 Jan 1995 - 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. China's state-run Sinopec Group has suspended talks for a major petrochemical investment and a gas marketing venture in Russia, sources told Reuters, heeding a government call for caution as. Liberty Industrial Ltd has been awarded contract for the decontamination, demolition and site remediation of Nigg Oil Terminal. This Website is constructed by China Petrochemical Corporation. [9], In August 2013, Sinopec acquired a 33% stake in Apache Corporations oil and gas business in Egypt for $3.1 billion. Get started now for absolutely FREE, no credit card required. Are you familiar with our STEM initiatives? State Environmental Protection Administration, an explosion at an abandoned Sinopec plastics and chemicals factory, "Wang Yupu > About Sinopec > Our Company > Board_of_directors", http://english.sinopec.com/about_sinopec/our_company/leadership/executive_committee/20080327/3119.shtml, http://www.sinopec.com/listco/en/investor_centre/reports/2017/20180325/news_20180325_819686549827.shtml, "Sinopec company prepares to produce green jet fuel | Biofuels International Magazine", "Quick facts: Petrochina vs. Sinopec and CNOOC", "Sinopec to pay $1.5 billion for parent's oil, gas assets", "Apache sells Egyptian oil stake to Sinopec for $3.1 billion, forms global JV", "China sells Sinopec oil stake to MCC Oil & Gas for $9.3 billion, forms global JV", "Sinopec signs evaluation deal for three oil blocks in Gabon", https://finance.yahoo.com/news/Addax-Petroleum-announces-cnw-268197338.html?x=0&.v=1, "China condemns raid on Sinopec oil field in Ethiopia - Radio86.co.uk", "Addax completes acquisition of Shell's stake in Pecten", "An MBendi Profile Organisation: Pecten Cameroon Company", "Aramco, Sinopec, Exxon sign Fujian refinery deal", "China's Sinopec, Total Gabon Sign Oil Deal", "China's Sinopec 'illegally' destroying Gabon", "UPDATE 1-Canada clears Sinopec to buy Syncrude stake", "Sinopec makes C$2.2bn bid for Canada's Daylight", "Sinopec makes $1.5bn investment in North Sea", "China's Sinopec sells Myanmar energy stake to Taiwan's CPC", "Sinopec signs China's largest long-term LNG contract with U.S. firm", "Sinopec signs huge LNG deals with US producer Venture Global", "Aramco and Sinopec to work on downstream projects in China", "Gabon/DRC: Chinese companies in the extractive Industries", "Official: 3rd attempt to cap SW China gas leak succeeds", http://www.chinacsr.com/2008/02/05/2086-sinopec-guangzhou-receives-warning-for-pollution/, "Sinopec starts construction of green hydrogen plant in Xinjiang - Xinhua", "Sinopec's green hydrogen ambitions: Five-year growth plan crucial to refiner's transition | Upstream Online", "Ex-Direktoriums-Chef von Sinopec in China zum Tode verurteilt", China Petroleum and Chemical Corporation, Sinopec, https://en.wikipedia.org/w/index.php?title=Sinopec&oldid=1142196699, This page was last edited on 1 March 2023, at 01:28. How to Geta Free Flight to Hong Kong in 500,000 Airline Ticket Giveaway, Stocks Drop for a Second Day; Yields Stay Elevated: Markets Wrap, Apple Suppliers Are Racing to Exit China, AirPods Maker Says, The SPAC Fad Is Ending in a Pile of Bankruptcies and Fire Sales, Microsoft Expands Game Pass as Regulators Fret Over Activision Deal. 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. The Age Of Canadas Huge Oil Sands Projects May Be Over, Googles Self-Driving Car Unit Raises $2.25 Billion, Goldman Sachs Warns Of An Imminent Oil Supply Shortage, Court Seizes Malaysia Oil Firm Assets Amid $15 Billion Dispute, Saudi Arabias Oil Company Slips To Worlds 3rd Largest Company, Why Russia Finally Decided To Cut Its Oil Production, The Fatal Flaw Of The Renewable Revolution, Putins Energy Gamble Backfires As Germany Secures Long-Term Gas Supplies, Biden Thinks Oil Will Be Around For A DecadeItll Be Much Longer. 30 September 2023, Last accounts made up to Alfreton 2. "This is a momentous and essential project for Uganda for the development of its national companies and citizensand as we continue to grow our footprint in Africa, we are committed to expanding local content opportunities in the communities in which we operate.". See insights on Sinopec including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. [36] Gabonese law states that industries can extract oil from national parks, but must rehabilitate them to the prior condition. In March 2013, China Petroleum and Chemical Corp agreed to pay $1.5 billion for Sinopec Group's overseas oil and gas-producing assets. China Petroleum & Chemical Corporation () or Sinopec (simplified Chinese: ; traditional Chinese: ; pinyin: Zhnggu Shhu), is a Chinese oil and gas enterprise based in Beijing. Chen Aizhu. Its business mainly covers. Also included in the plans are a storage tank as well as a pipeline network. [10], In December 2013, MCC Holding Hong Kong Corp. Ltd. and MCC Oil & Gas Hong Kong Corp. Ltd., acquired an 18% stake of Sinopec in oil and gas business for $9.3 billion. 100728, SINOPEC Shanghai Offshore Petroleum Company, SINOPEC Pipeline Storage & Transportation Company, SINOPEC Pipeline Transport & Storage Company, SINOPEC Zhenhai Refining & Chemical Company, SINOPEC Hubei Chemical Fertilizer Company. China Petrochemical Corporation (Sinopec Group) is a super-large petroleum and petrochemical enterprise group, established by the state in July 1998 on the basis of the former China Petrochemical Corporation Ma Yongsheng, Chairman, Secretary of the Leading Party Member Group Mr. Ma is a professor level senior engineer with a doctors degree and an academician of the Chinese Academy of Engineering 2019 saw complex and grim production and operation environment, with internal and external challenges rising sig-nificantly, global economic growth slowing down, international oil prices fluctuating at a wide range Sinopec Group - The Board of Directors - The Executive Management Team - General Administration Dept. We carry out production operations in the Shaw field, which is located in the MAR area (Montrose and Arbroath platforms) of the United Kingdom's North Sea. Oilfield Technologys first issue of 2021 begins with a look at US tight oils prospects this year. December 2022 a Project for the annual green hydrogen production, for the cost of 20.5 billion yuan ($2.9 billion), in Ulanqab in central Inner Mongolia, targeting of 100,000 tons of production per year, was confirmed by the Inner Mongolia energy bureau. This Website is constructed by China Petrochemical Corporation. 31 December 2021, Next statement date 16 February 2024 Sinopec has 4 employees across 58 locations and 2.42 t in annual revenue in FY 2021. It also produces ethanol and several biofuels such as biodiesel and green jet fuel, from waste vegetable oil.[6][7]. Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/09062021/mcdermott-sinopec-consortium-land-epcc-contract-for-totalenergies-tilenga-project/. Sinopec Group Annual Report Sinopec Corp. Profile of Fujian Petrochemical Company Limited, Sinopec Nanjing Chemical Industrial Corporation, SINOPEC Inner Mongolian Oil Products Company, Sinopec Heilongjiang Oil Products Company, SINOPEC Fuel Oil Sales Corporation Limited, Brief Introduction of Sinopec SenMei (Fujian) Petroleum Company Limited, China International United Petroleum & Chemicals Co., Ltd.(UNIPEC). Under the contract China, for the first time, bought Gabonese crude oil. In Ordos city, inner Mongolia, 430Mio $ are be invested in a 400MW windfarm, for the production of 20,000 tons of green hydrogen per year. Over the past 21 years, Sinopec has been contributed to the economic growth and well-being in Saudi Arabia. Read more BASF's UK headquarters in Stockport. The field operator responsible for the area's redevelopment plan is Repsol Sinopec Resources UK. Please sign in or register for free. Sinopec Group, the largest shareholder of Sinopec Corp., is a super-large petroleum and petrochemical group incorporated by the State in 1998 based on the former China Petrochemical Corporation. With promoting low-carbon transformation of global energy as its goal, Sinopec is committed to leading the future of energy and chemical industry with innovation, shouldering its responsibilities to refuel for a better life, and working with all stakeholders to build a better life. Formal contract award remains subject to Tilenga Partners approval. You've rejected analytics cookies. var write_html = `
ADVERTISEMENT