After receiving the alarm, the company immediately launched a corporate-level contingency plan to report to the relevant departments of China's Sinopec
and local governments.
In an e-mailed statement, Sinopec
said it would start from April to centralise refined fuel purchasing to balance supply, cut costs and boost efficiency, without giving details of the plan.
is selling as much as a 30 percent stake in the unit, Sinopec
, Asia's largest refiner, is selling up to 30 per cent of its marketing and distribution unit, which includes a wholesale business, more than 30,000 petrol stations, over 23,000 convenience stores, as well as oil-product pipelines and storage facilities.
The deal was sealed between Sinopec
Oilfield Service Company (SOSC), Weatherford and Shengli Highland, a JV between Weatherford and a Sinopec
unit that manufactures drilling tools.
will have a 10-percent stake and Huaidan will have 5 percent.
It not only [ills the country's INA production gap, but also opens a new chapter for the strategic alliance between SINOPEC
Moody's Investors Service has assigned a provisional (P)3 rating to the proposed bonds to be issued by Sinopec
Group Overseas Development (2013) Limited and guaranteed by China Petrochemical Corporation (Sinopec
will buy a one-third share in the Egyptian oil and natural gas business of US firm Apache, the companies said.
Mansarovar) from Sinopec
Overseas Oil & Gas Ltd.
CRT: How much influence does Sinopec
have over Chinese government policy toward Iran and the US?
Engineering is the core engineering subsidiary of SINOPEC
, one of China's largest oil refining and petrochemical companies.