China Petroleum Chemical Corp | Egypt Oil & Gas

China’s Oil Giants Take Spending Cuts Deeper

PetroChina Co., Cnooc Ltd. and China Petroleum & Chemical Corp., which together produce more crude than any country in OPEC besides Saudi Arabia, will reduce combined capital expenditure by about 8% this year.

China Sees Decline in Crude Imports and Fuel Exports

China records crude imports drop over 4.6%, net fuel exports fall by 76% month-on-month in January and gross fuel exports decline by 30% month-on-month.

Egypt, China eye joint oil services firm

Egypt is studying setting up a company with China Petroleum & Chemical Corp (Sinopec) to provide oil services in Egypt, the Middle East and Africa, Egypt's state news agency cited its oil minister as saying.

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