Chinesepod - Sinopec

BIZCHINA / Energy & Mining

Sinopec

(www.sinopec.com)
Updated: 2006-11-21 15:16

Sinopec
http://english.sinopec.com/index.jsp
China Petroleum & Chemical Corporation (Sinopec) is a publicly listed
company both at home
and abroad with integrated upstream, midstream and downstream operations,
prominent core
businesses and a complete marketing network.
The Company was set up on February 25, 2000 by China Petrochemical
Corporation (Sinopec
Group) as the sole sponsor. Sinopec issued 16.78 billion H shares in Hong
Kong, New York and
London on October 18th and 19th, 2000. The Company floated 2.8 billion A
shares in Shanghai
Stock Exchange on July 16th, 2001. The Company��s existing total number
of shares is 86.702
billion, of which 71.23 percent is held by the State through Sinopec
Group, 6.2 percent by
domestic banks and assets management companies (AMCs), 19.35 percent by H
share holders and
3.23 percent by investors at home.
Sinopec��s business mainly covers oil and gas exploration, development,
production and
marketing; oil refining; production and sales of petrochemicals, chemical
fibers, chemical
fertilizers and other chemical products; storage and pipeline
transportation of crude oil
and natural gas; import, export and import/export agency business of
crude oil, natural gas,
refined oil products, petrochemicals, chemicals, and other commodities
and technologies;
research, development and application of technology and information.
The company is China��s largest producer and supplier of oil products and
major
petrochemical products. It is also the 2nd largest crude oil producer. It
has more than 80
subsidiaries and branches engaged in oil and gas exploration and
production, refining,
chemicals, marketing, R&D and foreign trade.

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