12 Jan '23 News [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. Later in the week, Chevron said on Saturday that the employee had tested negative for coronavirus. Merchant of Record: A Media Solutions trading as Oilprice.com, That email address is already in the database. 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The other two DR200 and GT2000 - are around 100 kilometres (62mi) northeast of Port Gentil, according to the Gabonese oil ministry. 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"). And it co The cost of the construction is to amount to 3 billion yuan (US$470 million), and the plant will provide an annual production of 20,000 tons which will be supplied to Sinopec's Tahe refinery and production is to begin by June 2023. Set up your account today. Tel: (852) 2522 1368 / (852) 6852 8423 Email: nmei@prchina.com.hk / zyliu@prchina.com.hk File: Sinopec Shanghai Petrochemical Company Limited Announces Intention to Delist American Depositary. It also produces ethanol and several biofuels such as biodiesel and green jet fuel, from waste vegetable oil.[6][7]. Chen Aizhu and Florence Tan. 31 December 2021, Next statement date 16 February 2024 Under the contract China, for the first time, bought Gabonese crude oil. "China Sinopec tenders to sell up to 45 LNG cargoes for 2022". We aim to maximise returns from our late life assets, safely. +44 (0) 207 183 3787 Our Locations We have exclusive offices across the UK Choose from our prime business addresses London We have four offices located in the vibrant, beating heart of Central London to help boost your business profile and increase confidence in your brand. Register for free . A Shanghai listing was completed in June 2001. See insights on Sinopec including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Great Britain is bordered to the north and west by the Atlantic Ocean, to the east by the North Sea, to the south by the English Channel, and to the west by the Irish Sea. [31] In March 2022, a memorandum of understanding was signed between Sinopec and Aramco to strengthen the already existing ties between the companies and to improve their downstream operations. Its activities in Gabon's national parks were suspended in September 2006, by the Gabonese national parks council. Is The Price Cap On Russian Crude Working? [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. To produce sustainable oil and gas that provides energy security and creates value whilst driving progress and prosperity in society News Luis Polo Appointed Repsol Sinopec CEO Luis Polo has been appointed Chief Executive Officer, Repsol Sinopec Resources UK Limited, effective 1 March 2023. Unipec UK will continue to monitor the situation of this suspected case of COVID-19 very closely, abiding to the guidance of international and local health authorities, the company said in a statement. China Petroleum & Chemical (Sinopec) is a core subsidiary of China Petrochemical, or Sinopec Group. [8] Sinopec is the largest oil refiner in Asia by annual volume processed. [38], China's top environmental watchdog warned Sinopec in 2007 to stop operations at one of its oil fields due to chronic river pollution. [42] The project will also be powered by a 1000-megawatt solar power station.[43]. In the Chinese New Year of Rabbit, welcome to the thousand-year-old Langzhong, the cradle of the Spring Festival culture in Chinas Sichuan Province. By GPEB's standard, the companies that have involved in excessive emissions or caused serious environmental pollution accidents will be given the red sign warning and will be placed under strict supervision.[40]. This content is available to registered readers of our magazine only. Oilfield Technology, [41], In November 2021, construction of a green hydrogen plant in Kuqa city began. "This is a momentous and essential project for Uganda for the development of its national companies and citizensand as we continue to grow our footprint in Africa, we are committed to expanding local content opportunities in the communities in which we operate.". On 15 October 2012 Sinopec completed the purchase of 20 oil wells belonging to TOTAL E&P in Southern Nigeria in a deal worth around $2.45 billion. [24] Daylight was renamed Sinopec Daylight Energy Ltd. after it was taken over in December 2011. Cinderford 5. "Russian Oil Producers Stay One Step Ahead of Sanctions". Unipec, the oil trading unit of Asia's largest refiner China Petroleum & Chemical Corporation, or Sinopec, has sent its London staff to work from home after an employee showed coronavirus-like. Save to read list 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. [17], In June 2013, Sinopec agreed to acquire Marathon Oil Corp's Angolan offshore oil and gas field for $1.52 billion. Sinopec Group Corporate Headquarters, Office Locations and Addresses | Craft.co Sinopec Group Annual Report Sinopec Corp. Could Gravity Batteries Win The Energy Storage War? 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 - Employees were asked to stay home until more is known as a precaution, the source said. China Petrochemical Corporation (Sinopec Group) is a super-large petroleum and petrochemical enterprise group, established by the state in July 1998 on the basis of the former China Petrochemical Corporation Ma Yongsheng, Chairman, Secretary of the Leading Party Member Group Mr. Ma is a professor level senior engineer with a doctors degree and an academician of the Chinese Academy of Engineering 2019 saw complex and grim production and operation environment, with internal and external challenges rising sig-nificantly, global economic growth slowing down, international oil prices fluctuating at a wide range Sinopec Group - The Board of Directors - The Executive Management Team - General Administration Dept. [5] Sinopec's business includes oil and gas exploration, refining, and marketing; 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, and other chemicals. December 2022 a Project for the annual green hydrogen production, for the cost of 20.5 billion yuan ($2.9 billion), in Ulanqab in central Inner Mongolia, targeting of 100,000 tons of production per year, was confirmed by the Inner Mongolia energy bureau. [39], Guangdong Provincial Environment Bureau (GPEB) had also issued a red sign warning to 19 companies, including Sinopec Guangzhou, in February 2008. Work began in 2Q21 and first oil is expected in 2025. [45], Zhnggu Shyu Hugng Gfn Yuxin Gngs, Globe and Mail, Report on Business p.B3, 2 August 2013. Addax Petroleum was an international gas and oil production and exploration company mainly focused on the Middle East, the North Sea and Africa. Trading and investing carries a high risk of losing money rapidly due to leverage. if(window.innerWidth <= 1023){ Addax Petroleum was established in 1994 and since August 2009, has been a subsidiary of the Sinopec Group, one of the largest oil and gas producers in China, the biggest oil refiner in Asia and the third largest worldwide. Start Trading CFDs Over 2,200 Different Instruments, Goldman Sees Oil Price Spike In 2024 As Spare Capacity Runs Thin. Anna Hirtenstein and Benoit Faucon. 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. LONDON (Reuters) - London employees at Unipec, the trading arm of Chinas state oil firm Sinopec, have been told to work from home after an employee exhibited coronavirus-like symptoms, a source familiar with the matter said. State Environmental Protection Administration, an explosion at an abandoned Sinopec plastics and chemicals factory, "Wang Yupu > About Sinopec > Our Company > Board_of_directors", http://english.sinopec.com/about_sinopec/our_company/leadership/executive_committee/20080327/3119.shtml, http://www.sinopec.com/listco/en/investor_centre/reports/2017/20180325/news_20180325_819686549827.shtml, "Sinopec company prepares to produce green jet fuel | Biofuels International Magazine", "Quick facts: Petrochina vs. Sinopec and CNOOC", "Sinopec to pay $1.5 billion for parent's oil, gas assets", "Apache sells Egyptian oil stake to Sinopec for $3.1 billion, forms global JV", "China sells Sinopec oil stake to MCC Oil & Gas for $9.3 billion, forms global JV", "Sinopec signs evaluation deal for three oil blocks in Gabon", https://finance.yahoo.com/news/Addax-Petroleum-announces-cnw-268197338.html?x=0&.v=1, "China condemns raid on Sinopec oil field in Ethiopia - Radio86.co.uk", "Addax completes acquisition of Shell's stake in Pecten", "An MBendi Profile Organisation: Pecten Cameroon Company", "Aramco, Sinopec, Exxon sign Fujian refinery deal", "China's Sinopec, Total Gabon Sign Oil Deal", "China's Sinopec 'illegally' destroying Gabon", "UPDATE 1-Canada clears Sinopec to buy Syncrude stake", "Sinopec makes C$2.2bn bid for Canada's Daylight", "Sinopec makes $1.5bn investment in North Sea", "China's Sinopec sells Myanmar energy stake to Taiwan's CPC", "Sinopec signs China's largest long-term LNG contract with U.S. firm", "Sinopec signs huge LNG deals with US producer Venture Global", "Aramco and Sinopec to work on downstream projects in China", "Gabon/DRC: Chinese companies in the extractive Industries", "Official: 3rd attempt to cap SW China gas leak succeeds", http://www.chinacsr.com/2008/02/05/2086-sinopec-guangzhou-receives-warning-for-pollution/, "Sinopec starts construction of green hydrogen plant in Xinjiang - Xinhua", "Sinopec's green hydrogen ambitions: Five-year growth plan crucial to refiner's transition | Upstream Online", "Ex-Direktoriums-Chef von Sinopec in China zum Tode verurteilt", China Petroleum and Chemical Corporation, Sinopec, https://en.wikipedia.org/w/index.php?title=Sinopec&oldid=1142196699, This page was last edited on 1 March 2023, at 01:28. HSBC Holdings Plc is looking for a new global headquarters less than half the size of its current space in London's Canary Wharf, according to the Sunday Times. 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. China Petroleum & Chemical Corp (Sinopec) said on Monday that it plans to delist from London Stock Exchange, with market observers saying that other mainland Chinese companies could exit. [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. Liberty Industrial Ltd has been awarded contract for the decontamination, demolition and site remediation of Nigg Oil Terminal. In March 2013, China Petroleum and Chemical Corp agreed to pay $1.5 billion for Sinopec Group's overseas oil and gas-producing assets. In 2022, we delivered what we promised. 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. Sinopec said it had no plans to pull out of the resource-rich region despite the attack. Bradford 3. This Website is constructed by China Petrochemical Corporation. Contact tech support. (hereinafter referred to as SINOPEC). Registered office address changed from Suite 1, 3rd Floor 11-12 st. James's Square London SW1Y 4LB England to Suite 1, 7th Floor 50 Broadway London SW1H0BL on 13 October 2022 Its business mainly covers. This prestigious project demonstrates the continuity and strength of our business relationship with TotalEnergies and their partners CNOOC International of China and Uganda National Oil Company (UNOC)," said Tareq Kawash, McDermott's Senior Vice President, Europe, Middle East, Africa. Embed article link: (copy the HTML code below): This article has been tagged under the following: Upstream news Sinopec Ltd. is involved in the production of various petroleum products, including gasoline, diesel, jet fuel, kerosene, ethylene, synthetic fibers, synthetic rubber, synthetic resins, and chemical fertilizers, in addition to exploration of crude oil and natural gas within China. Daylight was renamed Sinopec Daylight Energy Ltd. after it was taken over in December 2011 Goldman Sees oil Price in! 2022 '' see insights on Sinopec including office locations, competitors, revenue, financials, executives, subsidiaries more! 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