China Petrochemical Corporation

Type: Company
Name: China Petrochemical Corporation
First reported 9 hours ago - Updated 9 hours ago - 1 reports

Sinopec Ratings Put On CreditWatch Positive On Likely Partial Sale Of Marketing

--Standard & Poor's Ratings Services said today it placed the following ratings on CreditWatch with positive implications: The 'A+' long-term and 'A-1' short-term corporate credit rating on China Petrochemical Corp. (Sinopec Group); The 'A+' issue ratings ... [Published - 9 hours ago]
First reported Jul 30 2014 - Updated Jul 30 2014 - 1 reports

Zhou Bin

42-year-old is the eldest son of Zhou Yongkang. He is the former chairman of Beijing Zhongxu Yangguang Petroleum and Natural Gas Technology Ltd. With 5 million yuan in registered capital, the company has seen frequent changes to shareholders in recent ... [Published Caixin Online - Jul 30 2014]
First reported Jul 27 2014 - Updated Jul 27 2014 - 1 reports

State-owned energy, financial entities dominant in Asia

TOKYO -- State-controlled enterprises have a huge presence in Asia, and their influence is especially strong in finance, energy and other fields essential to development.In China, state-owned or government-affiliated entities occupy nearly 90% of the ... [Published Nikkei Asian Review - Jul 27 2014]
First reported Jul 25 2014 - Updated Jul 25 2014 - 1 reports

ICIS China Consultant featured in China News

ICIS consultant, Wang Ri qui was quoted in, the English-language website of China News Service (CNS). In the CNS story, Wang shared his insights regarding the shale gas block bidding process and production in the country.Local governments in ... [Published ECF - Jul 25 2014]
First reported Jul 25 2014 - Updated Jul 25 2014 - 1 reports

Sinopec Group Said to Sell CNY100bn Oil Sales Assets

Sinopec Group is said to be weighing a plan to raise CNY 100 billion via selling one third of the equity of oil sales business. The business will get listed finally. About 20 firms will bid for the stake. It said this February that it planned to sell ... [Published - Jul 25 2014]
First reported Jul 25 2014 - Updated Jul 25 2014 - 1 reports

Beijing has most Fortune 500 global HQs

By Zhang JunmianBEIJING, July 25 (Xinhuanet) -- Beijing is home to the headquarters of 52 Fortune 500 companies in 2014, the largest number of any city in the world for the second consecutive year, according to the latest Fortune Global 500 list. That ... [Published Xinhua News Agency - Jul 25 2014]
First reported Jul 24 2014 - Updated Jul 24 2014 - 1 reports

Saudi Aramco diversifying to break dependence on oil

DUBAI, United Arab Emirates -- Saudi Aramco is stepping up its diversification efforts as it tries to wean itself off its crude oil dependence.The world's largest oil company manages 260.2 billion barrels of crude oil reserves each year and operates a ... [Published Nikkei Asian Review - Jul 24 2014]
First reported Jul 14 2014 - Updated Jul 14 2014 - 1 reports

Sinopec Group to restructure petroleum engineering operations

Sinopec Group, parent company of China's largest oil refiner Sinopec (SNP.NYSE; 00386.HK; 600028.SH), is in the process of reorganizing its petroleum engineering assets and business. Sinopec Yizheng Chemical Fibre Co. Ltd (600871.SH; 01033.HK), a listed ... [Published - Jul 14 2014]
First reported Jul 10 2014 - Updated Jul 10 2014 - 2 reports

Halliburton’s new China joint venture targets Xinjiang tight oil, gas reservices

A newly formed oil service joint venture between a private Chinese firm and US oil service giant Halliburton Co plans to focus on tapping tight oil and gas reserves in Northwest China's Xinjiang Uyghur Autonomous Region, Reuters reported Thursday.China ... [Published Global Times - Jul 10 2014]
First reported Jul 09 2014 - Updated Jul 09 2014 - 2 reports

China Energy Firms Net Profit Margin Bottoms

at 07:09 AM EDT SHANGHAI, July 9, SinoCast -- China National Petroleum Corp. (CNPC) and Sinopec Group each edges into top 10 of the global top 500 companies this year, but sees net profit margin be 4.3% and 2% only. Exxon Mobil was squeezed out of top ... [Published Industrial Info Financials - Jul 09 2014]
First reported Jul 07 2014 - Updated Jul 08 2014 - 7 reports

100 Chinese companies on Fortune Global 500 list

Chinese companies fill 100 places on the Fortune Global 500 list for 2014 with Sinopec Group taking third spot for the first time.The Fortune Global 500 released on July 7 featured an unprecedented 100 Chinese companies.Wal-Mart back to on top, Sinopec ... [Published CHINAdaily - Jul 08 2014]
First reported Jul 04 2014 - Updated Jul 04 2014 - 2 reports

Fresh approach brings rewards

Fu Chengyu, chairman of Asia's largest petroleum refiner China Petroleum and Chemical Corp or Sinopec Group. China DailyStrategic thinking, clear vision give Fu Chengyu an edge over peersAt first glance, Fu Chengyu hardly looks like the top executive ... [Published - Jul 04 2014]


"We placed the ratings on CreditWatch because we believe that Sinopec's financial strength and liquidity are likely to materially improve following the completion of its proposed partial sale of marketing assets. We expect the group to use the likely substantial proceeds to fund its capital expenditure, mainly in upstream segments, and reduce its debt" said Standard & Poor's credit analyst Gloria Lu...
...because most of the good resources were acquired by China National Petroleum Corp and China Petrochemical Corp (Sinopec Group)," Wang said. "Companies which won the bids for some other blocks have not done much exploration because of technology and capital constraints."
...When CEO Khalid A Al-Falih visited Beijing in April, he said Saudi Aramco "remains strongly committed to China's energy security and its associated oil-related investments."
"SOE boards of directors are fake and act more like an advising committee, but the reform could make them real" said Zhang Wenkui, a research Fellow at the Development Research Centre under the State Council, the country's cabinet

More Content

All (119) | News (97) | Reports (0) | Blogs (20) | Audio/Video (0) | Fact Sheets (2) | Press Releases (0)
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Global Cumene Market 2014-2018: Key Vendors are... [Published Minyanville - 7 hours ago]
Sinopec Ratings Put On CreditWatch Positive On ... [Published - 9 hours ago]
Zhou Bin [Published Caixin Online - Jul 30 2014]
China’s Oil Giants Face Probes Amid Mounting An... [Published Hellenic Shipping News Worldwide - Jul 27 2014]
State-owned energy, financial entities dominant... [Published Nikkei Asian Review - Jul 27 2014]
Global Cumene Market : 2014-2018 [Published - Jul 26 2014]
Sinopec Group Said to Sell CNY100bn Oil Sales A... [Published - Jul 25 2014]
ICIS China Consultant featured in China News [Published ECF - Jul 25 2014]
Beijing has most Fortune 500 global HQs [Published Xinhua News Agency - Jul 25 2014]
Saudi Aramco diversifying to break dependence o... [Published Nikkei Asian Review - Jul 24 2014]
Rouhani calls for high turnout in Int’l Quds Da... [Published Iran Daily - Jul 22 2014]
Opportunities open for Xinjiang’s private sector [Published Global Times - Jul 22 2014]
China and Latin American countries welcome more... [Published Beijing Review - Jul 21 2014]
Balanced overlap [Published UB Post - Jul 20 2014]
Fuelling tomorrow’s powerhouse [Published New Delhi Pioneer - Jul 20 2014]
China-Venezuela ties riding on fast track [Published CHINAdaily - Jul 20 2014]
China’s Oil Giants Face Probes Amid Mounting An... [Published Eurasia Review - Jul 20 2014]
Halliburton Stock Is Not Done Climbing After Ch... [Published - Jul 18 2014]
Halliburton Stock Is Not Done Climbing After Ch... [Published The Street Latest - Jul 18 2014]
Rosneft Says ‘Illegitimate’ Sanctions Won’t Sto... [Published Bloomberg - Jul 18 2014]
Local govts may get shale gas licensing mandate... [Published CHINAdaily - Jul 18 2014]
Rosneft Sanctions to Boost Reliance on China Lo... [Published Washington Post - Jul 17 2014]
Rosneft Sanctions Will Increase Reliance on Chi... [Published Washington Post - Jul 17 2014]
Gov't Selects Six SOEs for New Round of Pilot R... [Published Caixin Online - Jul 16 2014]
Bank of China Hires in Hong Kong as High-Yield ... [Published Washington Post - Jul 16 2014]
China urged to issue guiding policies on coal c... [Published - Jul 15 2014]
CHINA STATE CONST ENG : SOEs keep hold on Fortu... [Published 4 Traders - Jul 15 2014]
Halliburton, Petrotech in JV to Tap Chinese Oil... [Published - Jul 14 2014]
China's Oil Giants Face Probes Amid Mounting An... [Published Insurance News Net - Jul 14 2014]
Addax Petroleum Corporation - Oil & Gas - Dea [Published ECF - Jul 14 2014]
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Why China’s mood is souring on Canada’s oil patch [Published Financial Post - Top Stories - Jul 11 2014]
Barely two years since the national outcry over China’s aggressive push into Canada’s oil patch, some of the major acquisitions are looking messy to hopeless. Instead of reaping the rewards of their first big step out into a free market oil industry, ...
Frontrunning: July 10 [Published Zero Hedge - Jul 10 2014]
Espirito Santo Financial Suspends Shares, Bonds on ESI Exposure ( BBG ) Europe Stocks Drop for Fifth Day as Espirito Santo Sinks ( BBG ) Espirito Santo Creditors Doubt Containment on Missed Payment ( BBG ) French Stocks Seen Extending Losses on Economy ...
Sinopec may back away from Northern Lights oil ... [Published Financial Post - Top Stories - Jul 09 2014]
CALGARY — The Canadian arm of China Petrochemical Corp. may shelve work on its Northern Lights oil sands lease or sell the property entirely, as Chinese companies begin to rethink future investment prospects in the world’s No. 3 crude reserve. Sinopec, ...
Huntsman, BASF, Shanghai Hua Yi, Shanghai Chlor... [Published PR Newswire: Energy - Jul 01 2014]
SHANGHAI, July 1, 2014 /PRNewswire/ -- Huntsman Corporation (NYSE:HUN), BASF, Shanghai Hua Yi (Group) Company, Shanghai Chlor-Alkali Chemical Co. Ltd. and SINOPEC Group Assets Management Corporation plan to build a new plant to produce 240,000 metric ...
FTS International Enters Chinese Market with 15... [Published EON Energy - Jun 10 2014]
FORT WORTH, Texas--(EON: Enhanced Online News)--FTS International (FTSI) has entered into a 15-year joint venture agreement with the Sinopec Group (Sinopec). This joint venture collaboration is the culmination of a multi-year effort by both companies ...
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