Shortly thereafter, Sinopec resumed production with more environmentally friendly methods. [41], In November 2021, construction of a green hydrogen plant in Kuqa city began. 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. [22] While largely welcomed by industry, Sinopec's Syncrude stake has raised concerns about the influence the Chinese government may try to exert on Canadian policy makers. 22 Chaoyangmen North Avenue, Chaoyang District, Beijing, 100728 Website www.sinopec.com Telephone 86 10 59960028 No of Employees 385,691 Industry Energy and Utilities Ticker Symbol & Exchange 600028 (SHA) Revenue (2022) $424.9B 30.2% (2022 vs 2021) EPS XYZ 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. In December 2005, Petrodar announced that its first shipment of crude oil would be shipped from Sudan in January 2006. 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Zhongyuan Oilfields Petrochemical Company, a unit of Sinopec, had failed to meet waste water treatment requirements and had been ordered to pay a pollution fine and operations had to be halted, according to the State Environmental Protection Administration (SEPA). [32], Unipec, a subsidiary of Sinopec, is an intermediary for banned Russian oil. The materials provided on this Web site are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice. SINOPEC Fujian Refining & Chemical Co., Ltd. Sinopec SenMei (Fujian) Petroleum Company Limited. 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. Sinopec is headquartered in Beijing, China. The U.S. oil giant is working on a plan to have the staff return to work from office, it said two days ago. [21], On 13 April 2010 the company announced acquisition of Conoco Phillips's 9% stake in the Canadian oil sand firms, Syncrude, for $4.65bn. 30 September 2023, Last accounts made up to In December 2006, Sinopec acquired the assets of Shengli Petroleum, whose main asset was a maturing domestic oil field, in order to stabilize its crude inputs and raise the utilization rate of its existing refineries. [30], China's imports of U.S. natural gas will more than double. 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The Site and Services are owned and operated by or on behalf of Repsol Sinopec Resources UK, Company No 00825828, Registered Office Suite 1, 3rd Floor , 11-12 St. James's Square , London, SW1Y 4LB ("Repsol Sinopec Resources UK Limited"). [39], Guangdong Provincial Environment Bureau (GPEB) had also issued a red sign warning to 19 companies, including Sinopec Guangzhou, in February 2008. Please sign in or register for free. [19] Unipec, a subsidiary of Sinopec, signed a contract with French oil company Total Gabon in February 2002. Headquarters China Address No. [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. Anna Hirtenstein and Benoit Faucon. [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. Exclusive contributions come from Rystad Energy, Archer, Weatherford, Halliburton, CGG, NOV, TETRA Technologies, Clariant and more. Reporting by Julia Payne; Editing by Alison Williams and Mark Potter. On Wednesday, 28 July 2010, an explosion at an abandoned Sinopec plastics and chemicals factory in the Qixia District of Nanjing, China killed at least 12 people and seriously injured 15 more. 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. [45], Zhnggu Shyu Hugng Gfn Yuxin Gngs, Globe and Mail, Report on Business p.B3, 2 August 2013. Russias Oil Production Rises Ahead Of OPEC+ Meeting, Putin Hints Russia May Participate In Newest Round Of OPEC Cuts, Markets Unfazed By $100 Billion Saudi Shale Plan. You've rejected analytics cookies. [29] In January 2022 they offered to re-sell LNG to take advantage of high Asian spot prices. Also included in the plans are a storage tank as well as a pipeline network. Chen Aizhu and Florence Tan. 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. [33][34], In 2004, Sinopec prospected for oil in the 1,550 square kilometers of Loango National Park in southern Gabon and encountered criticism for what domestic and foreign environmental critics said were poor and damaging methods. Sinopec Group Corporate Headquarters, Office Locations and Addresses | Craft.co In 2022, we delivered what we promised. The deal was granted regulatory approval from the Canadian government on 25 June 2010. [17], In June 2013, Sinopec agreed to acquire Marathon Oil Corp's Angolan offshore oil and gas field for $1.52 billion. Published by Nicholas Woodroof, Littlehampton 6. "Exclusive: China state refiners shun new Russian oil trades, teapots fly under radar". Email: enquiries@oilfieldtechnology.com. Bletchley 4. Boesch, and other international experts, have suggested that Sinopec use other methods such as horizontal drilling to minimize its environmental footprint. 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 Contact tech support. Sinopec has 4 employees across 58 locations and 2.42 t in annual revenue in FY 2021. [27], In April 2013, Sinopec agreed to sell a stake of 30 percent in an oil and gas block in Myanmar to Taiwan's CPC Corp.[28], In November 2021, U.S. producer Venture Global LNG signed a twenty-year contract with Sinopec to supply liquefied natural gas (LNG). due by 1 March 2024, for REPSOL SINOPEC RESOURCES UK LIMITED (00825828), Companies House does not verify the accuracy of the information filed, 17 Dec 2012 - This is the second such work from home request from an oil firm in two weeks, after U.S. supermajor Chevron told last week its 300 employees in Londons Canary Wharf business district to work from home after an employee reported flu symptoms after returning from a trip. Oilfield Technologys first issue of 2021 begins with a look at US tight oils prospects this year. Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. Is The Price Cap On Russian Crude Working? var write_html = `
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