Sinopec | Egypt Oil & Gas

Sinopec | Egypt Oil & Gas

Sinopec: China’s Oil Demand to Fall 8.9% in 2026

China’s oil demand is expected to decline by 600,000 barrels per day (bbl/d), or 8.9%, in 2026, marking the third consecutive annual contraction, according to research from the China Petroleum & Chemical Corporati ...

Sinopec Boosts Russian Oil Purchases Amid Middle East Supply Shortfall

Multiple trade sources and vessel-tracking data show China state-owned Sinopec, the world’s largest refiner, stepping up purchases of Russian Far East crude to offset disruption in Middle Eastern supplies caused b ...

Sinopec to Supply Engineering Services to Saudi Arabia’s ACWA Power in Yanbu

China’s Sinopec, one of the world’s largest state-owned energy and chemical companies, signed an agreement to to deliver engineering services for ACWA Power in Yanbu, Saudi Arabia, supporting the development of wh ...

Sinopec Launches $690 Million Venture Capital Fund Targeting Hydrogen Energy

Sinopec, China’s state-owned oil and gas giant, has launched a hydrogen energy-focused venture capital fund with an initial investment of $690 million.

Sinopec Adds 1.3B Barrels of Shale Oil Reserves in East China

Sinopec Corp announced on Monday that the Chinese government has certified approximately 180 million metric tons, equivalent to about 1.3 billion barrels, of new geological reserves at two of its shale oil plays. ...

Sinopec Launches 500-Ton Bio-Aviation Fuel Shipment to Hong Kong

Sinopec has started its bio-aviation fuel shipment to Hong Kong, marking the first-ever among Chinese companies outside the Chinese Mainland.
The Sheng You 238 vessel, loaded with 500 tons of bio-aviation fu ...

Sinopec Shanghai Petrochemical to Boost Operations with $2.91B Investments

Sinopec Shanghai Petrochemical Company has announced plans to invest 21.31 billion yuan ($2.91 billion) to upgrade its operations aimed at maintaining the company's crude oil processing capacity and implement othe ...

Sinopec, Aramco Start Building Petrochemical Complex in China

Sinopec has announced the start of constructing a refinery and a petrochemical complex in cooperation with Aramco in Southeast China’s Fujian province.

Sinopec Records 2.6% Rise in Net Profit in H1 of 2024

China's Sinopec reported a 2.6% rise in net profit for the first half of 2024 (H1 2024), driven by rise in oil and gas production that compensated for the falling domestic demand for refined fuel and petrochemic

Aramco, Sinopec, SABIC Expand Refining, Petrochemical Cooperation

The China Petroleum and Chemical Corporation ("Sinopec"), one of the top integrated energy and chemicals businesses in the world, the Saudi Arabian Oil Company ("Aramco"), and SABIC are investigating ways to work ...

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