Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Sinopec Studies Investment Opportunities in Singapore

China Petroleum & Chemical Corp., Asia’s biggest oil refiner, is studying possible investments in Singapore after reports the company’s parent may build a refinery in the island state.

The oil and gas company is looking at “business opportunities” in Singapore, the Beijing-based spokesman Huang Wensheng of Sinopec, as China Petroleum is also known, said today, without elaborating.

Huang declined to comment on a China Business News report that the parent group is in talks with the Singapore authorities to build a refinery and storage base. Sinopec Group is discussing building the projects on Jurong Island, the China Business News reported today, citing an unnamed government official in the city state.

Alex Tan, a spokesman for Singapore’s economic development board, didn’t immediately respond to calls made to his office.

Spending by Chinese companies on mining and energy acquisitions reached a record $32 billion last year as fuel demand rises in the world’s fastest-growing major economy. PetroChina Co., the nation’s biggest energy company, agreed last year to pay as much as $2.2 billion to buy Singapore Petroleum Corp. to gain a foothold in Asia’s largest oil trading centre.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.