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April 28, 2015 1:07 PM ET

Oil, Gas and Consumable Fuels

Company Overview of China Petrochemical Corporation

Company Overview

China Petrochemical Corporation, also known as Sinopec Group Company, operates as a petroleum and petrochemical enterprise in China and internationally. It specializes in the industrial investment and investment management activities; exploration, production, storage, transportation, marketing, and utilization of oil and natural gas; oil refining; wholesale of gasoline, kerosene, and diesel; and production, marketing, storage, and transportation of petrochemicals and other chemical products. The company also offers household fuel products, including oil products, lubricants, and LPG; and commercial fuel products, such as chemical products, lubricants, catalysts, asphalt, and natural gas. In ...

22 Chaoyangmen North Street

Chaoyang District

Beijing,  100728


Founded in 1998


86 10 5996 0114


86 10 5976 0111

Key Executives for China Petrochemical Corporation

President and Executive Director
Age: 51
Executive Director
Age: 57
Executive Director
Age: 50
Executive Director
Age: 49
Executive Director
Age: 52
Compensation as of Fiscal Year 2014.

China Petrochemical Corporation Key Developments

Sinopec to Cut Jobs in Upstream Operations

Sinopec is planning to cut jobs, mainly in its upstream operations. This is part of the company's plans to enhance the operating performance of its exploration business. The company lay-offs could affect 200,000 by the decade's end.

Sinopec Denies Merger Plans

China Petrochemical Corporation or Sinopec has denied reports the government plans to merge the firm with China National Petroleum Corporation, the official Xinhua news agency said. "We have never heard any internal talk about the case," Xinhua quoted a spokesman for Sinopec. The spokesman could not be immediately reached for comment. The Wall Street Journal reported last week that China is exploring ways to consolidate its oil industry with a merger between the two state-owned companies, which share some similar business areas one option under consideration. It quoted officials with knowledge of the matter.

Chinese Government Reportedly Mulls Merger Of State Owned Companies

Chinese Government is considering merging of state owned companies. Companies being considered for mergers include China National Petroleum Corporation or CNPC and China Petrochemical Corporation or Sinopec, the Journal said, citing officials with knowledge of a government study. Other options include merging China National Offshore Oil Corporation, or CNOOC, and Sinochem Group, the report said.

Recent Private Companies Transactions

September 18, 2014
Kingdream Public Limited Company
September 17, 2014
Sinopec Petroleum Engineering Machinery Co., Ltd.

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