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HSI:386, Sep 26, 09:38 UTC

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Monday, September 17


News

Sinopec's New Refinery in Alberta to Help Local Producers

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China Petroleum & Chemical Corporation SNP, widely known as Sinopec, recently joined a group to build an oil sands refinery in Alberta. The partnership will be known as SinoCan Global, which has selected Stantec Inc. STN for providing consulting services concerning the project’s regulatory review and permitting process. Although a financing plan and ownership of the project is yet to be determined, the facility is expected to cost around C$8.5 billion. Per the project plans, the refinery, with a daily processing capacity of 167,000 barrels of diluted bitumen, will be built in the province. Notably, the previous government of the country declined a similar proposal in 2012, which was supposed to back the aboriginals, due to the lack of economic benefits. Since then, the Canadian energy market has come a long way amid several ups and downs.

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Sinopec: Sinopec connects feeder line to PetroChina's China-Myanmar gas pipe, Energy News, ET EnergyWorld

TRI 386

BEIJING: * Sinopec said it has connected a natural gas feeder line in Guangxi province to PetroChina's China-Myanmar gas pipeline. * Sinopec will inject 55 million cubic meters of gas into PetroChina's line by Sept. 30 to increase supplies to northern China, the company said in a press release. * The interconnection of the gas line networks of the two major oil and gas producers will help boost supplies and increase efficiency, Sinopec said.

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Friday, September 14


News

China's Sinopec plans to build Canadian oil refinery

TRI 386

(Reuters) - China's Sinopec Corp has joined a group planning to build an oil refinery in Alberta, an enterprise that would strengthen demand for the Canadian province's heavily discounted crude. State-owned Sinopec, formally known as China Petroleum & Chemical Corp, along with an Alberta indigenous group, China State Construction Engineering Corp and Alberta management company Teedrum, plan to build a refinery to process 167,000 barrels per day of crude into gasoline and other products, the project's consulting firm Stantec Inc said in a statement on Thursday. The SinoCan Global refinery would cost C$8.5 billion, with a financing plan still to be worked out, said Teedrum President Ken Horn, who is leading the effort. The group hopes to receive regulatory approval from the Alberta and Canadian governments within two years, he said in an interview on Friday.

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China shares stall amid uncertainty over trade talks, Auto News, ET Auto

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SHANGHAI: China's stock markets wavered between gains and losses on Friday, as uncertainty over plans for renewed trade talks between the U.S. and China continued, and as investors mulled new economic data. China reported better-than-expected industrial output and retail sales on Friday, but a key investment gauge fell to a fresh low, highlighting the challenges facing Beijing as it tries to support the economy in the face of rising U.S. tariffs. The largest percentage losses in the Shanghai index were Delixi Xinjiang Transportation Co Ltd, down 10.01 percent, followed by YanTai Yuancheng Gold Co Ltd, losing 10.01 percent and Shanghai Huide Science & Technology Co Ltd, down by 9.54 percent. So far this year, the Shanghai stock index is down 18.77 percent, while China's H-share index is down 10.3 percent. The price-to-earnings ratio of the Shanghai index was 11.3 as of the last full trading day, while the dividend yield was 2.8 percent. So far this week, the market capitalisation of the Shanghai stock index has fallen by -0.53 percent to 28.62 trillion yuan.

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Monday, September 03


News

UPDATE 1-Sinopec to increase LNG spot cargoes purchase, expand terminal capacity

TRI 386

BEIJING: China's Sinopec Group announced a range of measures to shore up winter gas supplies including ramping up spot cargoes purchases, expanding its LNG receiving terminal and improving connectivity of its gas pipe networks. China's natural gas market showed tightness this summer with Sinopec's gas sales growing 13.4 percent in the first seven months of the year, the company said in a press release on Monday. The company plans to book 2,600 truck drivers and renting 1,600 trucks to deliver gas from LNG terminals in southern China to cities in the north this winter. Sinopec aims to connect its northern China pipeline network with PetroChina's Sichuan to East China pipe, the east leg of the China to Russia gas pipeline, and the Sha'anxi to Beijing gas artery.

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Thursday, August 30


News

New Professional Report On Gear Oil Market 2018 Global Analysis By Key Players – ROYAL DUTCH SHELL, EXXONMOBIL, BP P.L.C., CHEVRON, TOTAL, PETROCHINA, SINOPEC, LUKOIL, FUCHS PETROLUB, Idemitsu Kosan - Press Release

386 CVX

New Professional Report On Gear Oil Market 2018 Global Analysis By Key Players – ROYAL DUTCH SHELL, EXXONMOBIL, BP P.L.C., CHEVRON, TOTAL, PETROCHINA, SINOPEC, LUKOIL, FUCHS PETROLUB, Idemitsu Kosan. The report contains 109 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Region-wise Analysis Global Gear Oil Market covers:. North America.

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digitaljournal.com
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Wednesday, August 29


News

China’s Sinopec Snubs Geopolitics, Looks To Diversify Crude Sourcing

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11 minutes Tesla Gigafactory To Be Powered 100% By “Tesla Solar” By End Of 2019. 15 minutesNAFTA's not dead: US and Mexico Close To Reaching Deal. 14 hoursLandmines and bombs - a part of the risk assessment process. Despite the ongoing U.S.-China trade war and the upcoming U.S. sanctions on Iran’s oil exports, China’s and Asia’s biggest refiner, Sinopec, will continue to buy crude oil from both the United States and Iran as it was more interested in diversifying its crude sourcing base, a senior Sinopec official said this week in one of the company’s first public comments about the various geopolitical issues on the oil market these days.

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oilprice.com
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Tuesday, August 28


News

Hana Shizuoka Trading Comment as Sinopec Hits Best Quarter in Years After Oil Prices Rally

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Sinopec saw the highest net income growth since 2013 as it increased from 18.8 billion yuan to 22.8 billion yuan in just first three months of the financial year reported analysts from Hana Shizuoka Trading. Thomas Hinton, Head of Corporate Trading at Hana Shizuoka Trading commented on the recent quarter "This increase in revenue was due to the high prices of oil and gas and stronger fuel margins. Sinopec is aiming to refine more than 120 million tonnes of crude oil in the second half of the year." According to Senior Vice President, Luke King at Hana Shizuoka Trading "Shares within Sinopec had rallied over 5 percent after it had issued an interim dividend. We are seeing more and more investors looking at energy stocks." With recent on going tensions and improving Chinese refinery demand, investors remain optimistic for higher oil prices in the near future. SOURCE Hana Shizuoka Trading.

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Hana Shizuoka Trading Comment as Sinopec Hits Best Quarter in Years After Oil Prices Rally

386

Sinopec saw the highest net income growth since 2013 as it increased from 18.8 billion yuan to 22.8 billion yuan in just first three months of the financial year reported analysts from Hana Shizuoka Trading. Thomas Hinton, Head of Corporate Trading at Hana Shizuoka Trading commented on the recent quarter "This increase in revenue was due to the high prices of oil and gas and stronger fuel margins. Sinopec is aiming to refine more than 120 million tonnes of crude oil in the second half of the year." According to Senior Vice President, Luke King at Hana Shizuoka Trading "Shares within Sinopec had rallied over 5 percent after it had issued an interim dividend. We are seeing more and more investors looking at energy stocks." With recent on going tensions and improving Chinese refinery demand, investors remain optimistic for higher oil prices in the near future. SOURCE Hana Shizuoka Trading.

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BRIEF-Nanjing Port To Set Up Logistics JV With Sinopec's Unit And Other Partners

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BRIEF-Nanjing Port To Set Up Logistics JV With Sinopec's Unit And Other Partners. Reuters28 August 2018, 10:10 AM GMT. Aug 28 (Reuters) - Nanjing Port Co Ltd:. * SAYS IT PLANS TO SET UP LOGISTICS JV WORTH 600 MILLION YUAN ($87.29 million) WITH SINOPEC'S UNIT AND OTHER PARTNERS Source text in Chinese: https://bit.ly/2PaWMYo Further company coverage: ($1 = 6.8740 Chinese yuan renminbi) (Reporting by Hong Kong newsroom). What to read next.

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sg.news.yahoo.com
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