Lukoil Sues Sinopec over Kazakhstan Deal
Feb 11 15
Lukoil has filed a lawsuit with a London arbitration court against Sinopec for failing to complete acquisition of Lukoil's 50% in Kazakhstan's Caspian Investment Resources. Lukoil announced that Sinopec, which already has the remaining 50% in Caspian Investment Resources, refused to complete the $1.2 billion deal, adding that it regards Sinopec's actions as a violation of the agreement signed last April. Lukoil expected to close the deal by the end of 2014.
China Petroleum & Chemical Corp., Board Meeting, Jan 26, 2015
Jan 26 15
China Petroleum & Chemical Corp., Board Meeting, Jan 26, 2015. Agenda: To discuss and approve the Internal Control Manual (2015); and to consider the proposal of redemption in advance of Sinopec Convertible Bonds.
China Petroleum & Chemical Corp. Announces Unaudited Operational Statistics for the Year 2014
Jan 20 15
China Petroleum & Chemical Corp. announced unaudited operational statistics for the year 2014. For the period, the company produced oil and gas of 480.12 mmboe, compared to 442.84 mmboe, crude oil of 360.73 mmbbls, compared to 332.54 mmbbls, natural gas of 716.35 bcf, compared to 660.18 bcf, gasoline of 51.22 million tonnes, compared to 45.56 million tonnes, diesel of 74.26 million tonnes, compared to 77.40 million tonnes, kerosene incl. jet fuel of 20.75 million tonnes, compared to 17.43 million tonnes, and light chemical feedstock of 39.18 million tonnes, compared to 37.97 million tonnes, ethylene of 10,699,000 tonnes, compared to 9,980,000 tonnes, synthetic resins of 14,639,000 tonnes, compared to 13,726,000 tonnes, synthetic fibers of 1,315,000 tonnes, compared to 1,392,000 tonnes, synthetic rubbers of 939,000 tonnes, compared to 960,000 tonnes for the last year.
Sinopec Sales To Reportedly Pursue IPO
Jan 13 15
China Petroleum & Chemical Corp. (SEHK:386) intends to launch an initial public offering (IPO) of Sinopec Sales Co., Ltd. The IPO will be held in Hong Kong, sources disclose. The list will fetch over $5 billion. Foreign media reports that China Petroleum plans to pick advisory banks for the IPO after Chinese Lunar New Year holiday in February, 2015.
China Petroleum & Chemical Corp. Presents at UBS 15th Greater China Conference, Jan-12-2015
Dec 29 14
China Petroleum & Chemical Corp. Presents at UBS 15th Greater China Conference, Jan-12-2015 . Venue: Pudong Island Shangri-La, Shanghai, China.