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Sinopec - Wikipedia

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<li id="toc-Domestic" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Domestic"> <div class="vector-toc-text"> <span class="vector-toc-numb">1.1</span> <span>Domestic</span> </div> </a> <ul id="toc-Domestic-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-International" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#International"> <div class="vector-toc-text"> <span class="vector-toc-numb">1.2</span> <span>International</span> </div> </a> <ul id="toc-International-sublist" class="vector-toc-list"> </ul> </li> </ul> </li> <li id="toc-Governance" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#Governance"> <div class="vector-toc-text"> <span class="vector-toc-numb">2</span> <span>Governance</span> </div> </a> <ul id="toc-Governance-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Environmental_and_safety_record" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#Environmental_and_safety_record"> <div class="vector-toc-text"> <span class="vector-toc-numb">3</span> <span>Environmental and safety record</span> </div> </a> <ul id="toc-Environmental_and_safety_record-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Renewable_energy" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#Renewable_energy"> <div class="vector-toc-text"> <span class="vector-toc-numb">4</span> <span>Renewable energy</span> </div> </a> <ul id="toc-Renewable_energy-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Research_Institutions" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#Research_Institutions"> <div class="vector-toc-text"> <span class="vector-toc-numb">5</span> <span>Research Institutions</span> </div> </a> <ul id="toc-Research_Institutions-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-See_also" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#See_also"> <div class="vector-toc-text"> <span class="vector-toc-numb">6</span> <span>See also</span> </div> </a> <ul id="toc-See_also-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-References" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#References"> <div class="vector-toc-text"> <span class="vector-toc-numb">7</span> <span>References</span> </div> </a> <ul id="toc-References-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-External_links" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#External_links"> <div class="vector-toc-text"> <span class="vector-toc-numb">8</span> <span>External links</span> </div> </a> <ul id="toc-External_links-sublist" class="vector-toc-list"> </ul> </li> </ul> </div> </div> </nav> </div> </div> <div class="mw-content-container"> <main id="content" class="mw-body"> <header class="mw-body-header vector-page-titlebar"> <nav aria-label="Contents" class="vector-toc-landmark"> <div id="vector-page-titlebar-toc" class="vector-dropdown vector-page-titlebar-toc vector-button-flush-left" title="Table of Contents" > <input type="checkbox" id="vector-page-titlebar-toc-checkbox" role="button" aria-haspopup="true" data-event-name="ui.dropdown-vector-page-titlebar-toc" class="vector-dropdown-checkbox " aria-label="Toggle the table of contents" > <label id="vector-page-titlebar-toc-label" for="vector-page-titlebar-toc-checkbox" class="vector-dropdown-label cdx-button cdx-button--fake-button cdx-button--fake-button--enabled cdx-button--weight-quiet cdx-button--icon-only " aria-hidden="true" ><span class="vector-icon mw-ui-icon-listBullet mw-ui-icon-wikimedia-listBullet"></span> <span 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Available in 36 languages" > <label id="p-lang-btn-label" for="p-lang-btn-checkbox" class="vector-dropdown-label cdx-button cdx-button--fake-button cdx-button--fake-button--enabled cdx-button--weight-quiet cdx-button--action-progressive mw-portlet-lang-heading-36" aria-hidden="true" ><span class="vector-icon mw-ui-icon-language-progressive mw-ui-icon-wikimedia-language-progressive"></span> <span class="vector-dropdown-label-text">36 languages</span> </label> <div class="vector-dropdown-content"> <div class="vector-menu-content"> <ul class="vector-menu-content-list"> <li class="interlanguage-link interwiki-ar mw-list-item"><a href="https://ar.wikipedia.org/wiki/%D8%B3%D9%8A%D9%86%D9%88%D8%A8%D9%83" title="سينوبك – Arabic" lang="ar" hreflang="ar" data-title="سينوبك" data-language-autonym="العربية" data-language-local-name="Arabic" class="interlanguage-link-target"><span>العربية</span></a></li><li class="interlanguage-link interwiki-ast mw-list-item"><a href="https://ast.wikipedia.org/wiki/Sinopec" title="Sinopec – Asturian" lang="ast" hreflang="ast" data-title="Sinopec" data-language-autonym="Asturianu" data-language-local-name="Asturian" class="interlanguage-link-target"><span>Asturianu</span></a></li><li class="interlanguage-link interwiki-azb mw-list-item"><a href="https://azb.wikipedia.org/wiki/%D8%B3%D8%A7%DB%8C%D9%86%D9%88%D9%BE%DA%A9" title="ساینوپک – South Azerbaijani" lang="azb" hreflang="azb" data-title="ساینوپک" data-language-autonym="تۆرکجه" data-language-local-name="South Azerbaijani" class="interlanguage-link-target"><span>تۆرکجه</span></a></li><li class="interlanguage-link interwiki-ca mw-list-item"><a href="https://ca.wikipedia.org/wiki/Sinopec" title="Sinopec – Catalan" lang="ca" hreflang="ca" data-title="Sinopec" data-language-autonym="Català" data-language-local-name="Catalan" class="interlanguage-link-target"><span>Català</span></a></li><li class="interlanguage-link interwiki-da mw-list-item"><a href="https://da.wikipedia.org/wiki/Sinopec" title="Sinopec – Danish" lang="da" hreflang="da" data-title="Sinopec" data-language-autonym="Dansk" data-language-local-name="Danish" class="interlanguage-link-target"><span>Dansk</span></a></li><li class="interlanguage-link interwiki-de mw-list-item"><a href="https://de.wikipedia.org/wiki/Sinopec" title="Sinopec – German" lang="de" hreflang="de" data-title="Sinopec" data-language-autonym="Deutsch" data-language-local-name="German" class="interlanguage-link-target"><span>Deutsch</span></a></li><li class="interlanguage-link interwiki-et mw-list-item"><a href="https://et.wikipedia.org/wiki/Sinopec" title="Sinopec – Estonian" lang="et" hreflang="et" data-title="Sinopec" data-language-autonym="Eesti" data-language-local-name="Estonian" class="interlanguage-link-target"><span>Eesti</span></a></li><li class="interlanguage-link interwiki-es mw-list-item"><a href="https://es.wikipedia.org/wiki/Sinopec" title="Sinopec – Spanish" lang="es" hreflang="es" data-title="Sinopec" data-language-autonym="Español" data-language-local-name="Spanish" class="interlanguage-link-target"><span>Español</span></a></li><li class="interlanguage-link interwiki-eo mw-list-item"><a href="https://eo.wikipedia.org/wiki/Sinopec" title="Sinopec – Esperanto" lang="eo" hreflang="eo" data-title="Sinopec" data-language-autonym="Esperanto" data-language-local-name="Esperanto" class="interlanguage-link-target"><span>Esperanto</span></a></li><li class="interlanguage-link interwiki-eu mw-list-item"><a href="https://eu.wikipedia.org/wiki/Sinopec" title="Sinopec – Basque" lang="eu" hreflang="eu" data-title="Sinopec" data-language-autonym="Euskara" data-language-local-name="Basque" class="interlanguage-link-target"><span>Euskara</span></a></li><li class="interlanguage-link interwiki-fa mw-list-item"><a href="https://fa.wikipedia.org/wiki/%D8%B3%D8%A7%DB%8C%D9%86%D9%88%D9%BE%DA%A9" title="ساینوپک – Persian" lang="fa" hreflang="fa" data-title="ساینوپک" data-language-autonym="فارسی" data-language-local-name="Persian" class="interlanguage-link-target"><span>فارسی</span></a></li><li class="interlanguage-link interwiki-fr mw-list-item"><a href="https://fr.wikipedia.org/wiki/Sinopec" title="Sinopec – French" lang="fr" hreflang="fr" data-title="Sinopec" data-language-autonym="Français" data-language-local-name="French" class="interlanguage-link-target"><span>Français</span></a></li><li class="interlanguage-link interwiki-ko mw-list-item"><a href="https://ko.wikipedia.org/wiki/%EC%A4%91%EA%B5%AD%EC%84%9D%EC%9C%A0%ED%99%94%EA%B3%B5" title="중국석유화공 – Korean" lang="ko" hreflang="ko" data-title="중국석유화공" data-language-autonym="한국어" data-language-local-name="Korean" class="interlanguage-link-target"><span>한국어</span></a></li><li class="interlanguage-link interwiki-id mw-list-item"><a href="https://id.wikipedia.org/wiki/Sinopec" title="Sinopec – Indonesian" lang="id" hreflang="id" data-title="Sinopec" data-language-autonym="Bahasa Indonesia" data-language-local-name="Indonesian" class="interlanguage-link-target"><span>Bahasa Indonesia</span></a></li><li class="interlanguage-link interwiki-it mw-list-item"><a href="https://it.wikipedia.org/wiki/Sinopec" title="Sinopec – Italian" lang="it" hreflang="it" data-title="Sinopec" data-language-autonym="Italiano" data-language-local-name="Italian" class="interlanguage-link-target"><span>Italiano</span></a></li><li class="interlanguage-link interwiki-he mw-list-item"><a href="https://he.wikipedia.org/wiki/%D7%A1%D7%99%D7%A0%D7%95%D7%A4%D7%A7" title="סינופק – Hebrew" lang="he" hreflang="he" data-title="סינופק" data-language-autonym="עברית" data-language-local-name="Hebrew" class="interlanguage-link-target"><span>עברית</span></a></li><li class="interlanguage-link interwiki-lt mw-list-item"><a href="https://lt.wikipedia.org/wiki/Sinopec" title="Sinopec – Lithuanian" lang="lt" hreflang="lt" data-title="Sinopec" data-language-autonym="Lietuvių" data-language-local-name="Lithuanian" class="interlanguage-link-target"><span>Lietuvių</span></a></li><li class="interlanguage-link interwiki-hu mw-list-item"><a href="https://hu.wikipedia.org/wiki/Sinopec" title="Sinopec – Hungarian" lang="hu" hreflang="hu" data-title="Sinopec" data-language-autonym="Magyar" data-language-local-name="Hungarian" class="interlanguage-link-target"><span>Magyar</span></a></li><li class="interlanguage-link interwiki-mr mw-list-item"><a href="https://mr.wikipedia.org/wiki/%E0%A4%B8%E0%A4%BF%E0%A4%A8%E0%A5%8B%E0%A4%AA%E0%A5%87%E0%A4%95" title="सिनोपेक – Marathi" lang="mr" hreflang="mr" data-title="सिनोपेक" data-language-autonym="मराठी" data-language-local-name="Marathi" class="interlanguage-link-target"><span>मराठी</span></a></li><li class="interlanguage-link interwiki-ms mw-list-item"><a href="https://ms.wikipedia.org/wiki/Sinopec" title="Sinopec – Malay" lang="ms" hreflang="ms" data-title="Sinopec" data-language-autonym="Bahasa Melayu" data-language-local-name="Malay" class="interlanguage-link-target"><span>Bahasa Melayu</span></a></li><li class="interlanguage-link interwiki-nl mw-list-item"><a href="https://nl.wikipedia.org/wiki/Sinopec_Corporation" title="Sinopec Corporation – Dutch" lang="nl" hreflang="nl" data-title="Sinopec Corporation" data-language-autonym="Nederlands" data-language-local-name="Dutch" class="interlanguage-link-target"><span>Nederlands</span></a></li><li class="interlanguage-link interwiki-ja mw-list-item"><a href="https://ja.wikipedia.org/wiki/%E4%B8%AD%E5%9B%BD%E7%9F%B3%E6%B2%B9%E5%8C%96%E5%B7%A5" title="中国石油化工 – Japanese" lang="ja" hreflang="ja" data-title="中国石油化工" data-language-autonym="日本語" data-language-local-name="Japanese" class="interlanguage-link-target"><span>日本語</span></a></li><li class="interlanguage-link interwiki-no mw-list-item"><a href="https://no.wikipedia.org/wiki/Sinopec" title="Sinopec – Norwegian Bokmål" lang="nb" hreflang="nb" data-title="Sinopec" data-language-autonym="Norsk bokmål" data-language-local-name="Norwegian Bokmål" class="interlanguage-link-target"><span>Norsk bokmål</span></a></li><li class="interlanguage-link interwiki-uz mw-list-item"><a href="https://uz.wikipedia.org/wiki/Sinopec" title="Sinopec – Uzbek" lang="uz" hreflang="uz" data-title="Sinopec" data-language-autonym="Oʻzbekcha / ўзбекча" data-language-local-name="Uzbek" class="interlanguage-link-target"><span>Oʻzbekcha / ўзбекча</span></a></li><li class="interlanguage-link interwiki-pl mw-list-item"><a href="https://pl.wikipedia.org/wiki/Sinopec" title="Sinopec – Polish" lang="pl" hreflang="pl" data-title="Sinopec" data-language-autonym="Polski" data-language-local-name="Polish" class="interlanguage-link-target"><span>Polski</span></a></li><li class="interlanguage-link interwiki-pt mw-list-item"><a href="https://pt.wikipedia.org/wiki/Sinopec" title="Sinopec – Portuguese" lang="pt" hreflang="pt" data-title="Sinopec" data-language-autonym="Português" data-language-local-name="Portuguese" class="interlanguage-link-target"><span>Português</span></a></li><li class="interlanguage-link interwiki-ro mw-list-item"><a href="https://ro.wikipedia.org/wiki/Sinopec" title="Sinopec – Romanian" lang="ro" hreflang="ro" data-title="Sinopec" data-language-autonym="Română" data-language-local-name="Romanian" class="interlanguage-link-target"><span>Română</span></a></li><li class="interlanguage-link interwiki-ru mw-list-item"><a href="https://ru.wikipedia.org/wiki/Sinopec" title="Sinopec – Russian" lang="ru" hreflang="ru" data-title="Sinopec" data-language-autonym="Русский" data-language-local-name="Russian" class="interlanguage-link-target"><span>Русский</span></a></li><li class="interlanguage-link interwiki-sah mw-list-item"><a href="https://sah.wikipedia.org/wiki/Sinopec" title="Sinopec – Yakut" lang="sah" hreflang="sah" data-title="Sinopec" data-language-autonym="Саха тыла" data-language-local-name="Yakut" class="interlanguage-link-target"><span>Саха тыла</span></a></li><li class="interlanguage-link interwiki-sl mw-list-item"><a href="https://sl.wikipedia.org/wiki/Sinopec" title="Sinopec – Slovenian" lang="sl" hreflang="sl" data-title="Sinopec" data-language-autonym="Slovenščina" data-language-local-name="Slovenian" class="interlanguage-link-target"><span>Slovenščina</span></a></li><li class="interlanguage-link interwiki-fi mw-list-item"><a href="https://fi.wikipedia.org/wiki/Sinopec" title="Sinopec – Finnish" lang="fi" hreflang="fi" data-title="Sinopec" data-language-autonym="Suomi" data-language-local-name="Finnish" class="interlanguage-link-target"><span>Suomi</span></a></li><li class="interlanguage-link interwiki-tr mw-list-item"><a href="https://tr.wikipedia.org/wiki/Sinopec" title="Sinopec – Turkish" lang="tr" hreflang="tr" data-title="Sinopec" data-language-autonym="Türkçe" data-language-local-name="Turkish" class="interlanguage-link-target"><span>Türkçe</span></a></li><li class="interlanguage-link interwiki-uk mw-list-item"><a href="https://uk.wikipedia.org/wiki/Sinopec" title="Sinopec – Ukrainian" lang="uk" hreflang="uk" data-title="Sinopec" data-language-autonym="Українська" data-language-local-name="Ukrainian" class="interlanguage-link-target"><span>Українська</span></a></li><li class="interlanguage-link interwiki-vi mw-list-item"><a href="https://vi.wikipedia.org/wiki/Sinopec" title="Sinopec – Vietnamese" lang="vi" hreflang="vi" data-title="Sinopec" data-language-autonym="Tiếng Việt" data-language-local-name="Vietnamese" class="interlanguage-link-target"><span>Tiếng Việt</span></a></li><li class="interlanguage-link interwiki-zh-yue mw-list-item"><a href="https://zh-yue.wikipedia.org/wiki/%E4%B8%AD%E5%9C%8B%E7%9F%B3%E6%B2%B9%E5%8C%96%E5%B7%A5" title="中國石油化工 – Cantonese" lang="yue" hreflang="yue" data-title="中國石油化工" data-language-autonym="粵語" data-language-local-name="Cantonese" class="interlanguage-link-target"><span>粵語</span></a></li><li class="interlanguage-link interwiki-zh mw-list-item"><a href="https://zh.wikipedia.org/wiki/%E4%B8%AD%E5%9B%BD%E7%9F%B3%E5%8C%96" title="中国石化 – Chinese" lang="zh" hreflang="zh" data-title="中国石化" data-language-autonym="中文" data-language-local-name="Chinese" class="interlanguage-link-target"><span>中文</span></a></li> </ul> <div class="after-portlet after-portlet-lang"><span class="wb-langlinks-edit wb-langlinks-link"><a href="https://www.wikidata.org/wiki/Special:EntityPage/Q831445#sitelinks-wikipedia" title="Edit interlanguage links" class="wbc-editpage">Edit links</a></span></div> </div> </div> </div> </header> <div class="vector-page-toolbar"> <div class="vector-page-toolbar-container"> <div id="left-navigation"> <nav aria-label="Namespaces"> <div id="p-associated-pages" class="vector-menu vector-menu-tabs mw-portlet mw-portlet-associated-pages" > <div class="vector-menu-content"> <ul class="vector-menu-content-list"> <li id="ca-nstab-main" class="selected vector-tab-noicon mw-list-item"><a href="/wiki/Sinopec" title="View the content page 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<div id="contentSub"><div id="mw-content-subtitle"><span class="mw-redirectedfrom">(Redirected from <a href="/w/index.php?title=China_Petroleum_%26_Chemical&amp;redirect=no" class="mw-redirect" title="China Petroleum &amp; Chemical">China Petroleum &amp; Chemical</a>)</span></div></div> <div id="mw-content-text" class="mw-body-content"><div class="mw-content-ltr mw-parser-output" lang="en" dir="ltr"><div class="shortdescription nomobile noexcerpt noprint searchaux" style="display:none">Chinese oil and gas enterprise</div> <p class="mw-empty-elt"> </p> <style data-mw-deduplicate="TemplateStyles:r1257001546">.mw-parser-output .infobox-subbox{padding:0;border:none;margin:-3px;width:auto;min-width:100%;font-size:100%;clear:none;float:none;background-color:transparent}.mw-parser-output .infobox-3cols-child{margin:auto}.mw-parser-output .infobox .navbar{font-size:100%}@media screen{html.skin-theme-clientpref-night .mw-parser-output .infobox-full-data:not(.notheme)>div:not(.notheme)[style]{background:#1f1f23!important;color:#f8f9fa}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .infobox-full-data:not(.notheme) div:not(.notheme){background:#1f1f23!important;color:#f8f9fa}}@media(min-width:640px){body.skin--responsive .mw-parser-output .infobox-table{display:table!important}body.skin--responsive .mw-parser-output .infobox-table>caption{display:table-caption!important}body.skin--responsive .mw-parser-output .infobox-table>tbody{display:table-row-group}body.skin--responsive .mw-parser-output .infobox-table tr{display:table-row!important}body.skin--responsive .mw-parser-output .infobox-table th,body.skin--responsive .mw-parser-output .infobox-table td{padding-left:inherit;padding-right:inherit}}</style><style data-mw-deduplicate="TemplateStyles:r1242257876">.mw-parser-output .ib-company .infobox-label{padding-right:0.5em}.mw-parser-output .ib-company .infobox-data,.mw-parser-output .ib-company .infobox-below{line-height:1.35em}.mw-parser-output .ib-company-logo img{background-color:#f8f9fa}.mw-parser-output .ib-company-locality,.mw-parser-output .ib-company-country{display:inline}</style><table class="infobox ib-company vcard"><caption class="infobox-title fn org" style="font-size: 125%;">China Petroleum and Chemical Corporation</caption><tbody><tr><td colspan="2" class="infobox-image ib-company-logo logo"><span typeof="mw:File"><a href="/wiki/File:Sinopec.svg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/en/thumb/4/41/Sinopec.svg/100px-Sinopec.svg.png" decoding="async" width="100" height="103" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/en/thumb/4/41/Sinopec.svg/150px-Sinopec.svg.png 1.5x, //upload.wikimedia.org/wikipedia/en/thumb/4/41/Sinopec.svg/200px-Sinopec.svg.png 2x" data-file-width="955" data-file-height="981" /></a></span></td></tr><tr><td colspan="2" class="infobox-image ib-company-logo logo"><span typeof="mw:File"><a href="/wiki/File:SinopecHQChaoyang.JPG" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/5/5c/SinopecHQChaoyang.JPG/250px-SinopecHQChaoyang.JPG" decoding="async" width="250" height="188" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/5/5c/SinopecHQChaoyang.JPG/500px-SinopecHQChaoyang.JPG 1.5x" data-file-width="2272" data-file-height="1704" /></a></span><div class="infobox-caption">Headquarters in Beijing</div></td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;">Native name</div></th><td class="infobox-data">中国石油化工股份有限公司</td></tr><tr><th scope="row" class="infobox-label">Company type</th><td class="infobox-data category"><a href="/wiki/Public_company" title="Public company">Public</a></td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;"><a href="/wiki/Ticker_symbol" title="Ticker symbol">Traded as</a></div></th><td class="infobox-data"><style data-mw-deduplicate="TemplateStyles:r1126788409">.mw-parser-output .plainlist ol,.mw-parser-output .plainlist ul{line-height:inherit;list-style:none;margin:0;padding:0}.mw-parser-output .plainlist ol li,.mw-parser-output .plainlist ul li{margin-bottom:0}</style><div class="plainlist"><ul><li><a href="/wiki/Shanghai_Stock_Exchange" title="Shanghai Stock Exchange">SSE</a>: <a rel="nofollow" class="external text" href="https://english.sse.com.cn/markets/equities/list/overview/?COMPANY_CODE=600028&amp;STOCK_CODE=600028">600028</a></li><li><a href="/wiki/Hong_Kong_Stock_Exchange" title="Hong Kong Stock Exchange">SEHK</a>:&#160;<a rel="nofollow" class="external text" href="https://www.hkex.com.hk/Market-Data/Securities-Prices/Equities/Equities-Quote?sym=386&amp;sc_lang=en">386</a></li><li><a href="/wiki/Hang_Seng_Index" title="Hang Seng Index">Hang Seng Index</a> component</li></ul></div></td></tr><tr><th scope="row" class="infobox-label">Industry</th><td class="infobox-data category"><a href="/wiki/Oil_and_gas_industry" class="mw-redirect" title="Oil and gas industry">Oil and gas</a></td></tr><tr><th scope="row" class="infobox-label">Founded</th><td class="infobox-data">25 February 2000<span class="noprint">&#59;&#32;25 years ago</span><span style="display:none">&#160;(<span class="bday dtstart published updated">25 February 2000</span>)</span>, in <a href="/wiki/Beijing" title="Beijing">Beijing</a>, China</td></tr><tr><th scope="row" class="infobox-label">Headquarters</th><td class="infobox-data label"><a href="/wiki/Chaoyang_District,_Beijing" class="mw-redirect" title="Chaoyang District, Beijing">Chaoyang District</a>, Beijing, China</td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;">Area served</div></th><td class="infobox-data">Worldwide</td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;">Key people</div></th><td class="infobox-data agent"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1126788409" /><div class="plainlist"><ul><li>Ma Yongsheng (chairman)</li><li>Zhang Dong (vice chairman &amp; president)<sup id="cite_ref-1" class="reference"><a href="#cite_note-1"><span class="cite-bracket">&#91;</span>1<span class="cite-bracket">&#93;</span></a></sup></li></ul></div></td></tr><tr><th scope="row" class="infobox-label">Products</th><td class="infobox-data"><a href="/wiki/Fuel" title="Fuel">Fuels</a>, <a href="/wiki/Natural_gas" title="Natural gas">natural gas</a>, <a href="/wiki/Lubricant" title="Lubricant">lubricants</a>, <a href="/wiki/Petrochemical" title="Petrochemical">petrochemicals</a></td></tr><tr><th scope="row" class="infobox-label">Revenue</th><td class="infobox-data">2,742,779,810,000 renminbi (2018)&#160;<span class="penicon autoconfirmed-show"><span class="mw-valign-text-top" typeof="mw:File/Frameless"><a href="https://www.wikidata.org/wiki/Q831445?uselang=en#P2139" title="Edit this on Wikidata"><img alt="Edit this on Wikidata" src="//upload.wikimedia.org/wikipedia/en/thumb/8/8a/OOjs_UI_icon_edit-ltr-progressive.svg/10px-OOjs_UI_icon_edit-ltr-progressive.svg.png" decoding="async" width="10" height="10" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/en/thumb/8/8a/OOjs_UI_icon_edit-ltr-progressive.svg/15px-OOjs_UI_icon_edit-ltr-progressive.svg.png 1.5x, //upload.wikimedia.org/wikipedia/en/thumb/8/8a/OOjs_UI_icon_edit-ltr-progressive.svg/20px-OOjs_UI_icon_edit-ltr-progressive.svg.png 2x" data-file-width="20" data-file-height="20" /></a></span></span></td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;"><a href="/wiki/Net_income" title="Net income">Net income</a></div></th><td class="infobox-data"><span typeof="mw:File"><span title="Increase"><img alt="Increase" src="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/20px-Increase2.svg.png" decoding="async" width="11" height="11" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/40px-Increase2.svg.png 2x" data-file-width="300" data-file-height="300" /></span></span> CN¥75.643 billion (2022)<sup id="cite_ref-report2022_2-0" class="reference"><a href="#cite_note-report2022-2"><span class="cite-bracket">&#91;</span>2<span class="cite-bracket">&#93;</span></a></sup></td></tr><tr><th scope="row" class="infobox-label"><span class="nowrap"><a href="/wiki/Asset" title="Asset">Total assets</a></span></th><td class="infobox-data"><span typeof="mw:File"><span title="Increase"><img alt="Increase" src="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/20px-Increase2.svg.png" decoding="async" width="11" height="11" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/40px-Increase2.svg.png 2x" data-file-width="300" data-file-height="300" /></span></span> CN¥2,026.640 billion (2023)<sup id="cite_ref-3" class="reference"><a href="#cite_note-3"><span class="cite-bracket">&#91;</span>3<span class="cite-bracket">&#93;</span></a></sup></td></tr><tr><th scope="row" class="infobox-label"><span class="nowrap"><a href="/wiki/Equity_(finance)" title="Equity (finance)">Total equity</a></span></th><td class="infobox-data"><span class="nowrap"><span typeof="mw:File"><span title="Increase"><img alt="Increase" src="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/20px-Increase2.svg.png" decoding="async" width="11" height="11" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/40px-Increase2.svg.png 2x" data-file-width="300" data-file-height="300" /></span></span> CN¥784.706 billion (2022)<sup id="cite_ref-report2022_2-1" class="reference"><a href="#cite_note-report2022-2"><span class="cite-bracket">&#91;</span>2<span class="cite-bracket">&#93;</span></a></sup></span></td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;">Number of employees</div></th><td class="infobox-data">374,791 (2022)<sup id="cite_ref-report2022_2-2" class="reference"><a href="#cite_note-report2022-2"><span class="cite-bracket">&#91;</span>2<span class="cite-bracket">&#93;</span></a></sup></td></tr><tr><th scope="row" class="infobox-label">Website</th><td class="infobox-data"><span class="url"><a rel="nofollow" class="external text" href="http://www.sinopecgroup.com">www<wbr />.sinopecgroup<wbr />.com</a></span> <span class="mw-valign-text-top noprint" typeof="mw:File/Frameless"><a href="https://www.wikidata.org/wiki/Q831445#P856" title="Edit this at Wikidata"><img alt="Edit this at Wikidata" src="//upload.wikimedia.org/wikipedia/en/thumb/8/8a/OOjs_UI_icon_edit-ltr-progressive.svg/10px-OOjs_UI_icon_edit-ltr-progressive.svg.png" decoding="async" width="10" height="10" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/en/thumb/8/8a/OOjs_UI_icon_edit-ltr-progressive.svg/15px-OOjs_UI_icon_edit-ltr-progressive.svg.png 1.5x, //upload.wikimedia.org/wikipedia/en/thumb/8/8a/OOjs_UI_icon_edit-ltr-progressive.svg/20px-OOjs_UI_icon_edit-ltr-progressive.svg.png 2x" data-file-width="20" data-file-height="20" /></a></span></td></tr></tbody></table> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1257001546" /><table class="infobox"><tbody><tr><th colspan="2" class="infobox-above" style="color: #202122;background-color:#b0c4de">Sinopec</th></tr><tr style="display:none;"><td colspan="2" class="infobox-full-data"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1257001546" /><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1257001546" /></td></tr><tr><th scope="row" class="infobox-label" style="font-weight:normal;"><a href="/wiki/Simplified_Chinese_characters" title="Simplified Chinese characters">Simplified&#160;Chinese</a></th><td class="infobox-data"><span title="Chinese-language text"><span lang="zh-Hans" style="font-size: 1rem;">中国石油化工股份有限公司</span></span></td></tr><tr><th scope="row" class="infobox-label" style="font-weight:normal;"><a href="/wiki/Traditional_Chinese_characters" title="Traditional Chinese characters">Traditional&#160;Chinese</a></th><td class="infobox-data"><span title="Chinese-language text"><span lang="zh-Hant" style="font-size: 1rem;">中國石油化工股份有限公司</span></span></td></tr><tr><td colspan="2" class="infobox-full-data"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1257001546" /><table class="infobox-subbox mw-collapsible mw-collapsed" style="display:inline-table; text-align: left;"><tbody><tr><th colspan="2" class="infobox-above" style="font-size: 100%; text-align: left;color: #202122; background-color: #f9ffbc;">Transcriptions</th></tr><tr><th colspan="2" class="infobox-header" style="color: #202122;background-color: #dcffc9;"><a href="/wiki/Standard_Chinese" title="Standard Chinese">Standard Mandarin</a></th></tr><tr><th scope="row" class="infobox-label" style="font-weight:normal;"><a href="/wiki/Hanyu_Pinyin" class="mw-redirect" title="Hanyu Pinyin">Hanyu Pinyin</a></th><td class="infobox-data"><span title="Chinese-language romanization"><span style="font-style: normal" lang="zh-Latn">Zhōngguó Shíyóu Huàgōng Gǔfèn Yǒuxiàn Gōngsī</span></span></td></tr></tbody></table></td><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1257001546" /></tr><tr style="display:none"><td colspan="2"> </td></tr></tbody></table> <figure class="mw-default-size" typeof="mw:File/Thumb"><a href="/wiki/File:13-08-11-hongkong-50mm-38.jpg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/a/ae/13-08-11-hongkong-50mm-38.jpg/250px-13-08-11-hongkong-50mm-38.jpg" decoding="async" width="220" height="122" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/a/ae/13-08-11-hongkong-50mm-38.jpg/330px-13-08-11-hongkong-50mm-38.jpg 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/a/ae/13-08-11-hongkong-50mm-38.jpg/500px-13-08-11-hongkong-50mm-38.jpg 2x" data-file-width="4288" data-file-height="2380" /></a><figcaption>Sinopec in <a href="/wiki/Hong_Kong" title="Hong Kong">Hong Kong</a></figcaption></figure> <figure class="mw-default-size" typeof="mw:File/Thumb"><a href="/wiki/File:SinopecHangzhou.jpg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/6/6d/SinopecHangzhou.jpg/220px-SinopecHangzhou.jpg" decoding="async" width="220" height="124" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/6/6d/SinopecHangzhou.jpg/330px-SinopecHangzhou.jpg 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/6/6d/SinopecHangzhou.jpg/440px-SinopecHangzhou.jpg 2x" data-file-width="4928" data-file-height="2772" /></a><figcaption>Sinopec in <a href="/wiki/Hangzhou" title="Hangzhou">Hangzhou</a>, <a href="/wiki/Zhejiang" title="Zhejiang">Zhejiang</a></figcaption></figure> <figure class="mw-default-size" typeof="mw:File/Thumb"><a href="/wiki/File:West_gate,_Shanghai_Chemical_Industry_Park.jpg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/6/68/West_gate%2C_Shanghai_Chemical_Industry_Park.jpg/220px-West_gate%2C_Shanghai_Chemical_Industry_Park.jpg" decoding="async" width="220" height="165" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/6/68/West_gate%2C_Shanghai_Chemical_Industry_Park.jpg/330px-West_gate%2C_Shanghai_Chemical_Industry_Park.jpg 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/6/68/West_gate%2C_Shanghai_Chemical_Industry_Park.jpg/440px-West_gate%2C_Shanghai_Chemical_Industry_Park.jpg 2x" data-file-width="4608" data-file-height="3456" /></a><figcaption>Entrance to Shanghai Chemical Industry Park where Sinopec operates</figcaption></figure> <p><b>China Petroleum and Chemical Corporation</b>, or <b>Sinopec Group</b>, is a Chinese <a href="/wiki/Petroleum" title="Petroleum">oil</a> and <a href="/wiki/Natural_gas" title="Natural gas">gas</a> enterprise based in <a href="/wiki/Chaoyang_District,_Beijing" class="mw-redirect" title="Chaoyang District, Beijing">Chaoyang District</a>, <a href="/wiki/Beijing" title="Beijing">Beijing</a>. The <a href="/wiki/SASAC" class="mw-redirect" title="SASAC">SASAC</a> administers China Petroleum and Chemical Corporation for the benefit of <a href="/wiki/State_Council_of_the_People%27s_Republic_of_China" class="mw-redirect" title="State Council of the People&#39;s Republic of China">State Council of the People's Republic of China</a>. China Petroleum and Chemical Corporation operates a publicly traded subsidiary, called Sinopec, listed in <a href="/wiki/Hong_Kong_Stock_Exchange" title="Hong Kong Stock Exchange">Hong Kong</a> and <a href="/wiki/Shanghai_Stock_Exchange" title="Shanghai Stock Exchange">Shanghai</a> stock exchanges. China Petroleum and Chemical Corporation is the world's largest <a href="/wiki/Oil_refining" class="mw-redirect" title="Oil refining">oil refining</a> conglomerate, state owned enterprise, and second highest revenue company in the world behind <a href="/wiki/Walmart" title="Walmart">Walmart</a>. </p> <meta property="mw:PageProp/toc" /> <div class="mw-heading mw-heading2"><h2 id="History">History</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Sinopec&amp;action=edit&amp;section=1" title="Edit section: History"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <div class="mw-heading mw-heading3"><h3 id="Domestic">Domestic</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Sinopec&amp;action=edit&amp;section=2" title="Edit section: Domestic"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <div class="thumb tleft" style=""><div class="thumbinner" style="width:302px"><div class="thumbimage noresize" style="width:300px;"> <style data-mw-deduplicate="TemplateStyles:r1274038083">.mw-parser-output .bar-chart{margin:0.5em;background-color:var(--background-color-neutral-subtle,#f8f9fa);border:1px solid #c0c0c0;border-spacing:0px}.mw-parser-output .bar-chart tbody{display:table;width:100%}.mw-parser-output .bar-chart caption{display:block;font-weight:bold}.mw-parser-output .bar-chart th,.mw-parser-output .bar-chart td{padding:3px;text-align:left}.mw-parser-output .bar-chart tr:not(:first-child):hover{background-color:var(--background-color-base,#ffffff)}.mw-parser-output .bar-chart th[scope="col"]:not(.bar-chart-label-type){width:15em}.mw-parser-output .bar-chart th[scope="row"]:not(.bar-chart-total){font-weight:normal}.mw-parser-output .bar-chart-bar{height:1.25em;width:40em}.mw-parser-output .bar-chart-bar-line{background-color:#cedff2;height:1.25em;margin:0 0 0 0;z-index:0}.mw-parser-output .bar-chart-bar-comment{font-size:90%;padding-left:1em}.mw-parser-output .bar-chart-bar-numbers{position:relative;top:-1.4em;height:1.25em;padding:0 0 0 2em;z-index:10;width:40em}.mw-parser-output .bar-chart-caption{border-top:1px solid #aaa}@media(min-width:720px){.mw-parser-output .bar-chart-left{float:left;clear:left;margin:0.5em 1em 0.5em 0}.mw-parser-output .bar-chart-right{float:right;clear:right;margin:0.5em 0 0.5em 1em}.mw-parser-output .bar-chart-center{margin:0.5em auto}}@media screen{html.skin-theme-clientpref-night .mw-parser-output .bar-chart-bar-line{background-color:#74497e}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .bar-chart-bar-line{background-color:#74497e}}@media print{.mw-parser-output .bar-chart-bar-line{border:dashed 1pt grey}}</style> <table class="bar-chart"> <caption>Sinopec crude oil production per year, in millions of barrels<sup id="cite_ref-4" class="reference"><a href="#cite_note-4"><span class="cite-bracket">&#91;</span>4<span class="cite-bracket">&#93;</span></a></sup> </caption> <tbody><tr> <th scope="col" class="bar-chart-label-type">year </th> <th scope="col" style="width: 10em">Domestic</th> <th scope="col" style="width: 10em">International </th></tr> <tr> <th scope="row">2013 </th> <td><div class="bar-chart-bar" style="width: 10em;"><div class="bar-chart-bar-line" style="width:10em;"></div><span class="bar-chart-bar-numbers" style="width: 10em;"><span class="nowrap">310.84</span></span></div></td> <td><div class="bar-chart-bar" style="width: 10em;"><div class="bar-chart-bar-line" style="width:0.7em;"></div><span class="bar-chart-bar-numbers" style="width: 10em;"><span class="nowrap">21.7</span></span></div> </td></tr> <tr> <th scope="row">2014 </th> <td><div class="bar-chart-bar" style="width: 10em;"><div class="bar-chart-bar-line" style="width:10em;"></div><span class="bar-chart-bar-numbers" style="width: 10em;"><span class="nowrap">310.87</span></span></div></td> <td><div class="bar-chart-bar" style="width: 10em;"><div class="bar-chart-bar-line" style="width:1.6em;"></div><span class="bar-chart-bar-numbers" style="width: 10em;"><span class="nowrap">49.86</span></span></div> </td></tr> <tr> <th scope="row">2015 </th> <td><div class="bar-chart-bar" style="width: 10em;"><div class="bar-chart-bar-line" style="width:9.5em;"></div><span class="bar-chart-bar-numbers" style="width: 10em;"><span class="nowrap">296.34</span></span></div></td> <td><div class="bar-chart-bar" style="width: 10em;"><div class="bar-chart-bar-line" style="width:1.7em;"></div><span class="bar-chart-bar-numbers" style="width: 10em;"><span class="nowrap">53.13</span></span></div> </td></tr> <tr> <th scope="row">2016 </th> <td><div class="bar-chart-bar" style="width: 10em;"><div class="bar-chart-bar-line" style="width:8.1em;"></div><span class="bar-chart-bar-numbers" style="width: 10em;"><span class="nowrap">253.15</span></span></div></td> <td><div class="bar-chart-bar" style="width: 10em;"><div class="bar-chart-bar-line" style="width:1.6em;"></div><span class="bar-chart-bar-numbers" style="width: 10em;"><span class="nowrap">50.36</span></span></div> </td></tr> <tr> <th scope="row">2017 </th> <td><div class="bar-chart-bar" style="width: 10em;"><div class="bar-chart-bar-line" style="width:8em;"></div><span class="bar-chart-bar-numbers" style="width: 10em;"><span class="nowrap">248.88</span></span></div></td> <td><div class="bar-chart-bar" style="width: 10em;"><div class="bar-chart-bar-line" style="width:1.4em;"></div><span class="bar-chart-bar-numbers" style="width: 10em;"><span class="nowrap">44.78</span></span></div> </td></tr> <tr> <th scope="row">2018 </th> <td><div class="bar-chart-bar" style="width: 10em;"><div class="bar-chart-bar-line" style="width:8em;"></div><span class="bar-chart-bar-numbers" style="width: 10em;"><span class="nowrap">248.93</span></span></div></td> <td><div class="bar-chart-bar" style="width: 10em;"><div class="bar-chart-bar-line" style="width:1.3em;"></div><span class="bar-chart-bar-numbers" style="width: 10em;"><span class="nowrap">39.58</span></span></div> </td></tr> <tr> <th scope="row">2019 </th> <td><div class="bar-chart-bar" style="width: 10em;"><div class="bar-chart-bar-line" style="width:8em;"></div><span class="bar-chart-bar-numbers" style="width: 10em;"><span class="nowrap">249.43</span></span></div></td> <td><div class="bar-chart-bar" style="width: 10em;"><div class="bar-chart-bar-line" style="width:1.1em;"></div><span class="bar-chart-bar-numbers" style="width: 10em;"><span class="nowrap">34.79</span></span></div> </td></tr> <tr> <th scope="row">2020 </th> <td><div class="bar-chart-bar" style="width: 10em;"><div class="bar-chart-bar-line" style="width:8em;"></div><span class="bar-chart-bar-numbers" style="width: 10em;"><span class="nowrap">249.52</span></span></div></td> <td><div class="bar-chart-bar" style="width: 10em;"><div class="bar-chart-bar-line" style="width:1em;"></div><span class="bar-chart-bar-numbers" style="width: 10em;"><span class="nowrap">30.7</span></span></div> </td></tr> <tr> <th scope="row">2021 </th> <td><div class="bar-chart-bar" style="width: 10em;"><div class="bar-chart-bar-line" style="width:8em;"></div><span class="bar-chart-bar-numbers" style="width: 10em;"><span class="nowrap">249.6</span></span></div></td> <td><div class="bar-chart-bar" style="width: 10em;"><div class="bar-chart-bar-line" style="width:1em;"></div><span class="bar-chart-bar-numbers" style="width: 10em;"><span class="nowrap">30.16</span></span></div> </td></tr> <tr> <th scope="row">2022 </th> <td><div class="bar-chart-bar" style="width: 10em;"><div class="bar-chart-bar-line" style="width:8.1em;"></div><span class="bar-chart-bar-numbers" style="width: 10em;"><span class="nowrap">250.79</span></span></div></td> <td><div class="bar-chart-bar" style="width: 10em;"><div class="bar-chart-bar-line" style="width:1em;"></div><span class="bar-chart-bar-numbers" style="width: 10em;"><span class="nowrap">30.07</span></span></div> </td></tr> <tr> <th scope="row">2023 </th> <td><div class="bar-chart-bar" style="width: 10em;"><div class="bar-chart-bar-line" style="width:8.1em;"></div><span class="bar-chart-bar-numbers" style="width: 10em;"><span class="nowrap">251.63</span></span></div></td> <td><div class="bar-chart-bar" style="width: 10em;"><div class="bar-chart-bar-line" style="width:0.9em;"></div><span class="bar-chart-bar-numbers" style="width: 10em;"><span class="nowrap">29.49</span></span></div> </td></tr> </tbody></table></div></div></div> <p>In 1994, Sinopec was among the large industrial <a href="/wiki/State-owned_enterprises_of_China" title="State-owned enterprises of China">state-owned enterprises of China</a> which were selected for a pilot program of restructuring as state holding companies, thereby enabling partial public listings of its subsidiaries' assets.<sup id="cite_ref-:1_5-0" class="reference"><a href="#cite_note-:1-5"><span class="cite-bracket">&#91;</span>5<span class="cite-bracket">&#93;</span></a></sup><sup class="reference nowrap"><span title="Page: 49">&#58;&#8202;49&#8202;</span></sup> </p><p>Sinopec Limited was established as a joint stock entity under the China Petrochemical Corporation Group (Sinopec Group) in February 2000. The company was simultaneously listed in Hong Kong, New York, and London in October 2000. The IPO raised $3.5 billion.<sup id="cite_ref-roots_6-0" class="reference"><a href="#cite_note-roots-6"><span class="cite-bracket">&#91;</span>6<span class="cite-bracket">&#93;</span></a></sup><sup class="reference nowrap"><span title="Page / location: 146">&#58;&#8202;146&#8202;</span></sup> A Shanghai listing was completed in June 2001.<sup class="noprint Inline-Template Template-Fact" style="white-space:nowrap;">&#91;<i><a href="/wiki/Wikipedia:Citation_needed" title="Wikipedia:Citation needed"><span title="This claim needs references to reliable sources. (May 2024)">citation needed</span></a></i>&#93;</sup> Prior to its operation as a company Sinopec's assets came from the Ministry of Petroleum Industry and the Ministry of Chemical Industry which partially privatized in the 1980s.<sup id="cite_ref-ghana1_7-0" class="reference"><a href="#cite_note-ghana1-7"><span class="cite-bracket">&#91;</span>7<span class="cite-bracket">&#93;</span></a></sup><sup class="reference nowrap"><span title="Page / location: 592">&#58;&#8202;592&#8202;</span></sup> Given its legacy asset base from Sinopec Group, analysts have categorized it as a more <a href="/wiki/Downstream_(petroleum_industry)" title="Downstream (petroleum industry)">downstream</a> oil player than <a href="/wiki/PetroChina" title="PetroChina">PetroChina</a>.<sup id="cite_ref-8" class="reference"><a href="#cite_note-8"><span class="cite-bracket">&#91;</span>8<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-ghana1_7-1" class="reference"><a href="#cite_note-ghana1-7"><span class="cite-bracket">&#91;</span>7<span class="cite-bracket">&#93;</span></a></sup><sup class="reference nowrap"><span title="Page / location: 592–593">&#58;&#8202;592–593&#8202;</span></sup> However, since 1998 Sinopec has expanded into upstream endeavors.<sup id="cite_ref-ghana1_7-2" class="reference"><a href="#cite_note-ghana1-7"><span class="cite-bracket">&#91;</span>7<span class="cite-bracket">&#93;</span></a></sup><sup class="reference nowrap"><span title="Page / location: 592–593">&#58;&#8202;592–593&#8202;</span></sup> This expansion began with a state mandated asset swap with <a href="/wiki/China_National_Petroleum_Corporation" title="China National Petroleum Corporation">China National Petroleum Corporation</a> (CNPC) which gave some of Sinopec's refineries to CNPC in return for Sinopec acquiring some of CNPC's upstream assets.<sup id="cite_ref-roots_6-1" class="reference"><a href="#cite_note-roots-6"><span class="cite-bracket">&#91;</span>6<span class="cite-bracket">&#93;</span></a></sup><sup class="reference nowrap"><span title="Page / location: 146">&#58;&#8202;146&#8202;</span></sup><sup id="cite_ref-review2000_9-0" class="reference"><a href="#cite_note-review2000-9"><span class="cite-bracket">&#91;</span>9<span class="cite-bracket">&#93;</span></a></sup> </p><p>China entered the WTO in 2001 which some experts claim put additional pressure on their domestic oil industry to be efficient.<sup id="cite_ref-review2000_9-1" class="reference"><a href="#cite_note-review2000-9"><span class="cite-bracket">&#91;</span>9<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-10" class="reference"><a href="#cite_note-10"><span class="cite-bracket">&#91;</span>10<span class="cite-bracket">&#93;</span></a></sup> In the lead up to going public, Sinopec cut over 200,000 jobs from its roster.<sup id="cite_ref-11" class="reference"><a href="#cite_note-11"><span class="cite-bracket">&#91;</span>11<span class="cite-bracket">&#93;</span></a></sup> </p><p><a href="/wiki/BP" title="BP">BP</a> partnered with Sinopec, in 2005, to build SECCO an ethylene derivatives plant with an initial investment of $2.7 billion.<sup id="cite_ref-longSECCO_12-0" class="reference"><a href="#cite_note-longSECCO-12"><span class="cite-bracket">&#91;</span>12<span class="cite-bracket">&#93;</span></a></sup> It is located in the Shanghai Chemical Industry Park, and generates over 3.2 million tons of petrochemical products annually.<sup id="cite_ref-SECCOmain_13-0" class="reference"><a href="#cite_note-SECCOmain-13"><span class="cite-bracket">&#91;</span>13<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-ogjGaoqiao_14-0" class="reference"><a href="#cite_note-ogjGaoqiao-14"><span class="cite-bracket">&#91;</span>14<span class="cite-bracket">&#93;</span></a></sup> In 2017, Sinopec bought out the remainder of BP's stake in SECCO through its Gaoqiao subsidiary for $1.68 billion.<sup id="cite_ref-SECCOmain_13-1" class="reference"><a href="#cite_note-SECCOmain-13"><span class="cite-bracket">&#91;</span>13<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-BPsecco_15-0" class="reference"><a href="#cite_note-BPsecco-15"><span class="cite-bracket">&#91;</span>15<span class="cite-bracket">&#93;</span></a></sup> Gaoqiao's operations predate the creation of Sinopec and it operates 75 plants for producing finished petroleum products such as fuels, oils, organic compounds.<sup id="cite_ref-16" class="reference"><a href="#cite_note-16"><span class="cite-bracket">&#91;</span>16<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-ogjGaoqiao_14-1" class="reference"><a href="#cite_note-ogjGaoqiao-14"><span class="cite-bracket">&#91;</span>14<span class="cite-bracket">&#93;</span></a></sup> Ineos bought out half of Sinopec's share of SECCO in 2022 as part of a broader partnership deal.<sup id="cite_ref-longSECCO_12-1" class="reference"><a href="#cite_note-longSECCO-12"><span class="cite-bracket">&#91;</span>12<span class="cite-bracket">&#93;</span></a></sup> </p><p>Sinopec operates the Jiujang Petrochemical Complex which was originally constructed in 1975 and has received a series of improvements over time.<sup id="cite_ref-17" class="reference"><a href="#cite_note-17"><span class="cite-bracket">&#91;</span>17<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-18" class="reference"><a href="#cite_note-18"><span class="cite-bracket">&#91;</span>18<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-spslow_19-0" class="reference"><a href="#cite_note-spslow-19"><span class="cite-bracket">&#91;</span>19<span class="cite-bracket">&#93;</span></a></sup> The refinery processes 8 million tonnes of crude oil per year.<sup id="cite_ref-spslow_19-1" class="reference"><a href="#cite_note-spslow-19"><span class="cite-bracket">&#91;</span>19<span class="cite-bracket">&#93;</span></a></sup><a href="/wiki/Xi_Jinping" title="Xi Jinping">Xi Jinping</a> visited the refinery, in 2023, when the company highlighted the importance of <a href="/wiki/Socialism_with_Chinese_characteristics" title="Socialism with Chinese characteristics">Socialism with Chinese characteristics</a> and presented awards.<sup id="cite_ref-annualGroup2023_20-0" class="reference"><a href="#cite_note-annualGroup2023-20"><span class="cite-bracket">&#91;</span>20<span class="cite-bracket">&#93;</span></a></sup><sup class="reference nowrap"><span title="Page / location: 3">&#58;&#8202;3&#8202;</span></sup> </p><p>Sinopec posted a 6.8% operating margin for the 2006 financial year. Profit was limited in part by government price controls on downstream petrochemical products. The National Development and Reform Commission sets gasoline and diesel prices and the Ministry of Finance collects <a href="/wiki/Windfall_tax" title="Windfall tax">windfall tax</a> on upstream profits.<sup id="cite_ref-roots_6-2" class="reference"><a href="#cite_note-roots-6"><span class="cite-bracket">&#91;</span>6<span class="cite-bracket">&#93;</span></a></sup><sup class="reference nowrap"><span title="Page / location: 147–148">&#58;&#8202;147–148&#8202;</span></sup> At the beginning of 2006, Chinese retail gasoline and diesel sales were not profitable for Sinopec and sales were hurting the company's financials. To pressure the NDRC, Sinopec and CNPC cut production causing long lines at the pump. This lead to NDRC approving a 15% increase in the price at the pump. To offset losses from the price controls, the state gave Sinopec $1.1 billion in subsidy during 2005 and $647 million in 2006.<sup id="cite_ref-roots_6-3" class="reference"><a href="#cite_note-roots-6"><span class="cite-bracket">&#91;</span>6<span class="cite-bracket">&#93;</span></a></sup><sup class="reference nowrap"><span title="Page / location: 152">&#58;&#8202;152&#8202;</span></sup> This finance example demonstrates of Sinopec's implementation of policy adjusted profit.<sup id="cite_ref-annualGroup2023_20-1" class="reference"><a href="#cite_note-annualGroup2023-20"><span class="cite-bracket">&#91;</span>20<span class="cite-bracket">&#93;</span></a></sup><sup class="reference nowrap"><span title="Page / location: 8">&#58;&#8202;8&#8202;</span></sup> Chinese methods on how to articulate, quantify, and report the sometimes conflicting interests of profit and political policy have evolved during over time. Some commentators on the Shanghai Stock Market, where Sinopec trades, call these methods "valuation with Chinese characteristics".<sup id="cite_ref-sseOP_21-0" class="reference"><a href="#cite_note-sseOP-21"><span class="cite-bracket">&#91;</span>21<span class="cite-bracket">&#93;</span></a></sup> Sinopec demonstrated the "one profit, five rates" method in 2023.<sup id="cite_ref-sseOP_21-1" class="reference"><a href="#cite_note-sseOP-21"><span class="cite-bracket">&#91;</span>21<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-annualGroup2023_20-2" class="reference"><a href="#cite_note-annualGroup2023-20"><span class="cite-bracket">&#91;</span>20<span class="cite-bracket">&#93;</span></a></sup><sup class="reference nowrap"><span title="Page / location: 8">&#58;&#8202;8&#8202;</span></sup> This method calls for assessing the company's performance with profit, "asset-liability ratio, return on equity, operating cash ratio, overall labor productivity, and R&amp;D investment intensity".<sup id="cite_ref-sseOP_21-2" class="reference"><a href="#cite_note-sseOP-21"><span class="cite-bracket">&#91;</span>21<span class="cite-bracket">&#93;</span></a></sup> </p> <figure class="mw-default-size mw-halign-left" typeof="mw:File/Thumb"><a href="/wiki/File:Zigui-Sinopec-boat-fuel-station-4961.jpg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/2/20/Zigui-Sinopec-boat-fuel-station-4961.jpg/250px-Zigui-Sinopec-boat-fuel-station-4961.jpg" decoding="async" width="220" height="165" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/2/20/Zigui-Sinopec-boat-fuel-station-4961.jpg/330px-Zigui-Sinopec-boat-fuel-station-4961.jpg 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/2/20/Zigui-Sinopec-boat-fuel-station-4961.jpg/500px-Zigui-Sinopec-boat-fuel-station-4961.jpg 2x" data-file-width="2048" data-file-height="1536" /></a><figcaption>Sinopec's <a href="/wiki/Filling_station" title="Filling station">filling stations</a> are a frequent sight on China's roads and rivers.</figcaption></figure> <p>In February 2007, <a href="/wiki/Saudi_Aramco" title="Saudi Aramco">Saudi Aramco</a> and <a href="/wiki/Exxon" class="mw-redirect" title="Exxon">Exxon</a> signed a deal with Sinopec to revamp the <a href="/wiki/Fujian" title="Fujian">Fujian</a> oil refinery and triple its capacity to 240,000 barrels per day (38,000&#160;m<sup>3</sup>/d) by 2009.<sup id="cite_ref-way3_22-0" class="reference"><a href="#cite_note-way3-22"><span class="cite-bracket">&#91;</span>22<span class="cite-bracket">&#93;</span></a></sup> The Saudi Aramco investment is strategically aligned because Saudi Aramco produces a heavier crude oil which is not preferable for other Chinese refining facilities.<sup id="cite_ref-23" class="reference"><a href="#cite_note-23"><span class="cite-bracket">&#91;</span>23<span class="cite-bracket">&#93;</span></a></sup> Aramco, Exxon and Sinopec also signed contracts for a fuel marketing venture that will manage 750 service stations and a network of terminals in Fujian province.<sup id="cite_ref-way3_22-1" class="reference"><a href="#cite_note-way3-22"><span class="cite-bracket">&#91;</span>22<span class="cite-bracket">&#93;</span></a></sup> Their subsidiaries also expanded cooperation in Tianjin the following year.<sup id="cite_ref-24" class="reference"><a href="#cite_note-24"><span class="cite-bracket">&#91;</span>24<span class="cite-bracket">&#93;</span></a></sup> They invested over $3 billion from 2008 to 2019 expanding the ethylene production capacity multiple times and finally achieving 1.3 million tons per year of production.<sup id="cite_ref-25" class="reference"><a href="#cite_note-25"><span class="cite-bracket">&#91;</span>25<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-26" class="reference"><a href="#cite_note-26"><span class="cite-bracket">&#91;</span>26<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-27" class="reference"><a href="#cite_note-27"><span class="cite-bracket">&#91;</span>27<span class="cite-bracket">&#93;</span></a></sup> In Fujian, Sinopec also operates the Gulei Industrial Park. It began as a joint venture with a group of Taiwanese companies operating as Dynamic Ever Investments in 2015. The venture took $4 billion of investment and has a production capacity of 1 million tonnes of ethylene per year.<sup id="cite_ref-28" class="reference"><a href="#cite_note-28"><span class="cite-bracket">&#91;</span>28<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-emiover_29-0" class="reference"><a href="#cite_note-emiover-29"><span class="cite-bracket">&#91;</span>29<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-30" class="reference"><a href="#cite_note-30"><span class="cite-bracket">&#91;</span>30<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-crossOJ_31-0" class="reference"><a href="#cite_note-crossOJ-31"><span class="cite-bracket">&#91;</span>31<span class="cite-bracket">&#93;</span></a></sup> At the time of its approval it was the only Taiwanese petrochemical joint venture in mainland China.<sup id="cite_ref-32" class="reference"><a href="#cite_note-32"><span class="cite-bracket">&#91;</span>32<span class="cite-bracket">&#93;</span></a></sup> It was approved by the Fujian branch of the NDRC which owns a 25% stake in the project. The plant began producing downstream chemicals in 2018 and became fully online in 2021.<sup id="cite_ref-emiover_29-1" class="reference"><a href="#cite_note-emiover-29"><span class="cite-bracket">&#91;</span>29<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-crossOJ_31-1" class="reference"><a href="#cite_note-crossOJ-31"><span class="cite-bracket">&#91;</span>31<span class="cite-bracket">&#93;</span></a></sup> Phase two began, in 2024, when Saudi Aramco made an additional $9.8 billion investment in the facilities. These expansions are scheduled to be fully operational in 2030.<sup id="cite_ref-33" class="reference"><a href="#cite_note-33"><span class="cite-bracket">&#91;</span>33<span class="cite-bracket">&#93;</span></a></sup> </p><p>Sinopec completed construction of a new ethylene plant in Wuhan at the end of 2012. The construction of this plant was done as a joint venture with the South Korean SK Group. This facility was planned in alignment with the <a href="/wiki/National_Development_and_Reform_Commission" title="National Development and Reform Commission">National Development and Reform Commission</a>'s goal of producing more ethylene domestically in order to rely less heavily on foreign imports. It will provide 800,000 tons/year which is a significant step towards the NDRC's 2015 goal of raising domestic production by 7.5 millions tons/year.<sup id="cite_ref-34" class="reference"><a href="#cite_note-34"><span class="cite-bracket">&#91;</span>34<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-35" class="reference"><a href="#cite_note-35"><span class="cite-bracket">&#91;</span>35<span class="cite-bracket">&#93;</span></a></sup> </p><p>In March 2013, Sinopec agreed to pay $1.5 billion for its parent company's overseas oil and gas-producing assets.<sup id="cite_ref-parentbuy_36-0" class="reference"><a href="#cite_note-parentbuy-36"><span class="cite-bracket">&#91;</span>36<span class="cite-bracket">&#93;</span></a></sup> </p><p>Zhejiang Oil Products Company was originally founded in 1950, but began operating under Sinopec in 1998. It is Sinopec's highest selling oil refinery and one of the most important companies in Zhejiang.<sup id="cite_ref-37" class="reference"><a href="#cite_note-37"><span class="cite-bracket">&#91;</span>37<span class="cite-bracket">&#93;</span></a></sup> Sinopec has continuously improved the refining capacity and it ranks as one of the largest refineries in the world.<sup id="cite_ref-38" class="reference"><a href="#cite_note-38"><span class="cite-bracket">&#91;</span>38<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-cedouble_39-0" class="reference"><a href="#cite_note-cedouble-39"><span class="cite-bracket">&#91;</span>39<span class="cite-bracket">&#93;</span></a></sup> The refinery prioritizes output of non-fuel chemicals at a notably higher rate than comparable refineries. This large scale production, particularly of <a href="/wiki/Aromatic_compounds" class="mw-redirect" title="Aromatic compounds">aromatic compounds</a> hurt foreign competitors.<sup id="cite_ref-cedouble_39-1" class="reference"><a href="#cite_note-cedouble-39"><span class="cite-bracket">&#91;</span>39<span class="cite-bracket">&#93;</span></a></sup> This attracted further investment in China from Saudi Aramco which acquired a 10% stake in Zhejiang Oil Products Company in 2023.<sup id="cite_ref-40" class="reference"><a href="#cite_note-40"><span class="cite-bracket">&#91;</span>40<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-41" class="reference"><a href="#cite_note-41"><span class="cite-bracket">&#91;</span>41<span class="cite-bracket">&#93;</span></a></sup> </p><p>Due to the <a href="/wiki/COVID-19_pandemic" title="COVID-19 pandemic">COVID-19 pandemic</a>, Sinopec reported a loss of 23 billion yuan in the January to June time frame of 2020. In 2021, they reported a 22% increase in revenue as the demand for fuel and oil slowly returned to normal.<sup id="cite_ref-42" class="reference"><a href="#cite_note-42"><span class="cite-bracket">&#91;</span>42<span class="cite-bracket">&#93;</span></a></sup> In 2022, the company reported a 25% net income increase in the first quarter. Diesel output was increased by almost 10% that year and the gasoline production saw only a 0.7% increase.<sup id="cite_ref-43" class="reference"><a href="#cite_note-43"><span class="cite-bracket">&#91;</span>43<span class="cite-bracket">&#93;</span></a></sup> </p><p>In 2021, Sinopec began a partnership with <a href="/wiki/Nio_Inc." title="Nio Inc.">NIO</a>, when they unveiled that a NIO Power Swap Station 2.9 would be put into the Sinopec Chaoying Station in Beijing. Additionally, the partnership was to include cooperation between the two companies in new materials, smart EV technology, Battery-as-a-Service (BaaS), construction of recreational facilities, as well as the purchase of <a href="/wiki/Vehicle" title="Vehicle">vehicles</a>.<sup id="cite_ref-44" class="reference"><a href="#cite_note-44"><span class="cite-bracket">&#91;</span>44<span class="cite-bracket">&#93;</span></a></sup> </p><p>China's imports of U.S. natural gas will more than double.<sup class="noprint Inline-Template" style="white-space:nowrap;">&#91;<i><a href="/wiki/Wikipedia:Manual_of_Style/Dates_and_numbers#Chronological_items" title="Wikipedia:Manual of Style/Dates and numbers"><span title="The time period mentioned near this tag is ambiguous. (September 2024)">when?</span></a></i>&#93;</sup><sup id="cite_ref-45" class="reference"><a href="#cite_note-45"><span class="cite-bracket">&#91;</span>45<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-:0_46-0" class="reference"><a href="#cite_note-:0-46"><span class="cite-bracket">&#91;</span>46<span class="cite-bracket">&#93;</span></a></sup> 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.<sup id="cite_ref-47" class="reference"><a href="#cite_note-47"><span class="cite-bracket">&#91;</span>47<span class="cite-bracket">&#93;</span></a></sup> </p><p>The Hainan Baling Chemical New Material Company, a Sinopec subsidiary in <a href="/wiki/Hainan" title="Hainan">Hainan</a>, opened a one million tonne per year <a href="/wiki/Styrene-butadiene" title="Styrene-butadiene">Styrene-butadiene</a> (SBC) plant in 2023. This new facility made Sinopec the largest producer of SBC in the world at the time.<sup id="cite_ref-48" class="reference"><a href="#cite_note-48"><span class="cite-bracket">&#91;</span>48<span class="cite-bracket">&#93;</span></a></sup> </p><p>Sinopec began operating the deepest oil well in Asia in 2023. As part of Project Deep Earth the drill went 9432m below <a href="/wiki/Xinjiang" title="Xinjiang">Xinjiang</a>.<sup id="cite_ref-49" class="reference"><a href="#cite_note-49"><span class="cite-bracket">&#91;</span>49<span class="cite-bracket">&#93;</span></a></sup> </p><p>Sinopec and BP have worked together since Sinopec formed.<sup id="cite_ref-dailyBP_50-0" class="reference"><a href="#cite_note-dailyBP-50"><span class="cite-bracket">&#91;</span>50<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-BPsecco_15-1" class="reference"><a href="#cite_note-BPsecco-15"><span class="cite-bracket">&#91;</span>15<span class="cite-bracket">&#93;</span></a></sup> Their joint venture in <a href="/wiki/Zhejiang" title="Zhejiang">Zhejiang</a> had 2024 gas stations in 2021.<sup id="cite_ref-51" class="reference"><a href="#cite_note-51"><span class="cite-bracket">&#91;</span>51<span class="cite-bracket">&#93;</span></a></sup> They signed a memorandum of strategic cooperation with <a href="/wiki/BP" title="BP">BP</a> at the <a href="/wiki/World_Economic_Forum#Annual_meeting_in_Davos" title="World Economic Forum">Davos Economic Forum</a> in 2024. Sinopec has set a goal of building 5000 new EV charging stations by 2025 and plans to cooperate with BP on achieving that goal.<sup id="cite_ref-52" class="reference"><a href="#cite_note-52"><span class="cite-bracket">&#91;</span>52<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-53" class="reference"><a href="#cite_note-53"><span class="cite-bracket">&#91;</span>53<span class="cite-bracket">&#93;</span></a></sup> These and other of Sinopec's environmental goals are aligned with the <a href="/wiki/Fourteenth_five-year_plan" title="Fourteenth five-year plan">Fourteenth five-year plan</a>.<sup id="cite_ref-annualGroup2023_20-3" class="reference"><a href="#cite_note-annualGroup2023-20"><span class="cite-bracket">&#91;</span>20<span class="cite-bracket">&#93;</span></a></sup><sup class="reference nowrap"><span title="Page / location: 7">&#58;&#8202;7&#8202;</span></sup> </p> <div class="mw-heading mw-heading3"><h3 id="International">International</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Sinopec&amp;action=edit&amp;section=3" title="Edit section: International"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Sinopec has demonstrated a willingness, characteristic Chinese national oil companies, to invest in foreign, often risky, infrastructure. These firms work in concert with the Chinese state owned financial sector via direct low cost financing and indirect infrastructure agreements between foreign nations and Chinese banks.<sup id="cite_ref-addaxbuy_54-0" class="reference"><a href="#cite_note-addaxbuy-54"><span class="cite-bracket">&#91;</span>54<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-parentbuy_36-1" class="reference"><a href="#cite_note-parentbuy-36"><span class="cite-bracket">&#91;</span>36<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-ghana1_7-3" class="reference"><a href="#cite_note-ghana1-7"><span class="cite-bracket">&#91;</span>7<span class="cite-bracket">&#93;</span></a></sup><sup class="reference nowrap"><span title="Page / location: 593">&#58;&#8202;593&#8202;</span></sup> Several experts claim that the role of direct financing support is not as important as indirect support.<sup id="cite_ref-roots_6-4" class="reference"><a href="#cite_note-roots-6"><span class="cite-bracket">&#91;</span>6<span class="cite-bracket">&#93;</span></a></sup><sup class="reference nowrap"><span title="Page / location: 160">&#58;&#8202;160&#8202;</span></sup><sup id="cite_ref-ghana1_7-4" class="reference"><a href="#cite_note-ghana1-7"><span class="cite-bracket">&#91;</span>7<span class="cite-bracket">&#93;</span></a></sup><sup class="reference nowrap"><span title="Page / location: 593–603">&#58;&#8202;593–603&#8202;</span></sup><sup id="cite_ref-grab_55-0" class="reference"><a href="#cite_note-grab-55"><span class="cite-bracket">&#91;</span>55<span class="cite-bracket">&#93;</span></a></sup> Large foreign purchases are particularly notable in the Chinese context because they require approval by the National Development and Reform Commission and the State Council.<sup id="cite_ref-56" class="reference"><a href="#cite_note-56"><span class="cite-bracket">&#91;</span>56<span class="cite-bracket">&#93;</span></a></sup> Sinopec made failed attempts to acquire Iranian oil reserves in 2001 and Kazakh reserves in 2003.<sup id="cite_ref-LiuDemand_57-0" class="reference"><a href="#cite_note-LiuDemand-57"><span class="cite-bracket">&#91;</span>57<span class="cite-bracket">&#93;</span></a></sup><sup class="reference nowrap"><span title="Page / location: 569">&#58;&#8202;569&#8202;</span></sup><sup id="cite_ref-oilLee_58-0" class="reference"><a href="#cite_note-oilLee-58"><span class="cite-bracket">&#91;</span>58<span class="cite-bracket">&#93;</span></a></sup><sup class="reference nowrap"><span title="Page / location: 272">&#58;&#8202;272&#8202;</span></sup> In subsequent years, Sinopec relied more heavily on off-taker agreements to gain access to foreign markets.<sup id="cite_ref-oilLee_58-1" class="reference"><a href="#cite_note-oilLee-58"><span class="cite-bracket">&#91;</span>58<span class="cite-bracket">&#93;</span></a></sup><sup class="reference nowrap"><span title="Page / location: 272">&#58;&#8202;272&#8202;</span></sup><sup id="cite_ref-alves_59-0" class="reference"><a href="#cite_note-alves-59"><span class="cite-bracket">&#91;</span>59<span class="cite-bracket">&#93;</span></a></sup><sup class="reference nowrap"><span title="Page / location: 12">&#58;&#8202;12&#8202;</span></sup> The <a href="/wiki/2007%E2%80%932008_financial_crisis" class="mw-redirect" title="2007–2008 financial crisis">2007–2008 financial crisis</a> made a large impact on Chinese foreign policy and Chinese oil companies put a higher priority on mergers and acquisitions in the following years.<sup id="cite_ref-ghana1_7-5" class="reference"><a href="#cite_note-ghana1-7"><span class="cite-bracket">&#91;</span>7<span class="cite-bracket">&#93;</span></a></sup><sup class="reference nowrap"><span title="Page / location: 593">&#58;&#8202;593&#8202;</span></sup><sup id="cite_ref-alves_59-1" class="reference"><a href="#cite_note-alves-59"><span class="cite-bracket">&#91;</span>59<span class="cite-bracket">&#93;</span></a></sup><sup class="reference nowrap"><span title="Page / location: 14">&#58;&#8202;14&#8202;</span></sup> </p><p>According to the OECD, foreign oil ventures are an attractive investment for Chinese national oil companies because China is a large importer of oil and wants to control its supply chain.<sup id="cite_ref-oecdInfo_60-0" class="reference"><a href="#cite_note-oecdInfo-60"><span class="cite-bracket">&#91;</span>60<span class="cite-bracket">&#93;</span></a></sup><sup class="reference nowrap"><span title="Page / location: 10–15">&#58;&#8202;10–15&#8202;</span></sup> Some Chinese observes agree with this assessment and highlight Sinopec's 2005 goal of importing 15 million tons of crude oil for refinement in China. China's <a href="/wiki/Go_Out_policy" title="Go Out policy">Go Out policy</a> explicitly stated, in 2001, that Sinopec should "make effective use of overseas resources, build the overseas oil and gas supply bases and diversify the oil imports". This was revised in 2006 to "broaden international oil and gas cooperation".<sup id="cite_ref-LiuDemand_57-1" class="reference"><a href="#cite_note-LiuDemand-57"><span class="cite-bracket">&#91;</span>57<span class="cite-bracket">&#93;</span></a></sup><sup class="reference nowrap"><span title="Page / location: 568, 579">&#58;&#8202;568,&#8202;579&#8202;</span></sup> According to the company, in 2022, foreign operations were staffed 74% by local workers rather than Chinese employees.<sup id="cite_ref-61" class="reference"><a href="#cite_note-61"><span class="cite-bracket">&#91;</span>61<span class="cite-bracket">&#93;</span></a></sup> </p><p>Sinopec began its partnership with Iran in 2001, and signed a 30 year deal to invest $70 billion in the development of <a href="/wiki/Yadavaran_Field" title="Yadavaran Field">Yadavaran Field</a> in 2004.<sup id="cite_ref-LiuDemand_57-2" class="reference"><a href="#cite_note-LiuDemand-57"><span class="cite-bracket">&#91;</span>57<span class="cite-bracket">&#93;</span></a></sup><sup class="reference nowrap"><span title="Page / location: 569">&#58;&#8202;569&#8202;</span></sup><sup id="cite_ref-oilLee_58-2" class="reference"><a href="#cite_note-oilLee-58"><span class="cite-bracket">&#91;</span>58<span class="cite-bracket">&#93;</span></a></sup><sup class="reference nowrap"><span title="Page / location: 282">&#58;&#8202;282&#8202;</span></sup><sup id="cite_ref-yavChina_62-0" class="reference"><a href="#cite_note-yavChina-62"><span class="cite-bracket">&#91;</span>62<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-chinamining_63-0" class="reference"><a href="#cite_note-chinamining-63"><span class="cite-bracket">&#91;</span>63<span class="cite-bracket">&#93;</span></a></sup> Contract negotiation for this program took three years such that technical work and funding did not actually begin until 2007.<sup id="cite_ref-chinamining_63-1" class="reference"><a href="#cite_note-chinamining-63"><span class="cite-bracket">&#91;</span>63<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-Shana_64-0" class="reference"><a href="#cite_note-Shana-64"><span class="cite-bracket">&#91;</span>64<span class="cite-bracket">&#93;</span></a></sup> The US pressured China to block the investment due to sanctions, but Iran claims that pressure did not delay the deal.<sup id="cite_ref-oilLee_58-3" class="reference"><a href="#cite_note-oilLee-58"><span class="cite-bracket">&#91;</span>58<span class="cite-bracket">&#93;</span></a></sup><sup class="reference nowrap"><span title="Page / location: 282">&#58;&#8202;282&#8202;</span></sup><sup id="cite_ref-chinamining_63-2" class="reference"><a href="#cite_note-chinamining-63"><span class="cite-bracket">&#91;</span>63<span class="cite-bracket">&#93;</span></a></sup> Iran expressed pleasure with the deal and stated the goal of replacing Japan with China as the primary exporter of Iranian oil.<sup id="cite_ref-oilLee_58-4" class="reference"><a href="#cite_note-oilLee-58"><span class="cite-bracket">&#91;</span>58<span class="cite-bracket">&#93;</span></a></sup><sup class="reference nowrap"><span title="Page / location: 282">&#58;&#8202;282&#8202;</span></sup> There is little agreement about the exact amount of oil and gas available through the Yadavaran project, but all claim that it is a large oil field by global standards.<sup id="cite_ref-yavChina_62-1" class="reference"><a href="#cite_note-yavChina-62"><span class="cite-bracket">&#91;</span>62<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-chinamining_63-3" class="reference"><a href="#cite_note-chinamining-63"><span class="cite-bracket">&#91;</span>63<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-Shana_64-1" class="reference"><a href="#cite_note-Shana-64"><span class="cite-bracket">&#91;</span>64<span class="cite-bracket">&#93;</span></a></sup> The first phase of drilling was completed in 2012 and production continued to expand.<sup id="cite_ref-Shana_64-2" class="reference"><a href="#cite_note-Shana-64"><span class="cite-bracket">&#91;</span>64<span class="cite-bracket">&#93;</span></a></sup> Sinopec claims to have ceased buying this oil due to US sanctions in 2019.<sup id="cite_ref-65" class="reference"><a href="#cite_note-65"><span class="cite-bracket">&#91;</span>65<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-66" class="reference"><a href="#cite_note-66"><span class="cite-bracket">&#91;</span>66<span class="cite-bracket">&#93;</span></a></sup> </p><p>Sinopec established its first drilling rig in <a href="/wiki/Saudi_Arabia" title="Saudi Arabia">Saudi Arabia</a> in 2000.<sup class="noprint Inline-Template Template-Fact" style="white-space:nowrap;">&#91;<i><a href="/wiki/Wikipedia:Citation_needed" title="Wikipedia:Citation needed"><span title="This claim needs references to reliable sources. (September 2023)">citation needed</span></a></i>&#93;</sup> In 2004, Sinopec began exploring in Saudi Arabia.<sup id="cite_ref-oilLee_58-5" class="reference"><a href="#cite_note-oilLee-58"><span class="cite-bracket">&#91;</span>58<span class="cite-bracket">&#93;</span></a></sup><sup class="reference nowrap"><span title="Page / location: 282">&#58;&#8202;282&#8202;</span></sup> </p><p>Unipec, a subsidiary of Sinopec, signed a contract with French oil company <a href="/wiki/Total_S.A." class="mw-redirect" title="Total S.A.">Total</a> Gabon in February 2002. Under the contract China, for the first time, bought <a href="/wiki/Gabon" title="Gabon">Gabonese</a> crude oil.<sup id="cite_ref-67" class="reference"><a href="#cite_note-67"><span class="cite-bracket">&#91;</span>67<span class="cite-bracket">&#93;</span></a></sup> During his African visit, in 2004, Chinese President <a href="/wiki/Hu_Jintao" title="Hu Jintao">Hu Jintao</a> signed a series of bilateral trade accords with his Gabonese counterpart <a href="/wiki/Omar_Bongo" title="Omar Bongo">Omar Bongo</a>, including a "memorandum of agreement aimed at showing the parties' desire to develop exploration, exploitation, refining and export activities of oil products". Three onshore fields were to be explored. One of the three blocks, LT2000, is some 200 kilometers (120&#160;mi) southeast of Gabon's economic hub, <a href="/wiki/Port_Gentil" class="mw-redirect" title="Port Gentil">Port Gentil</a>, which lies south of the capital, <a href="/wiki/Libreville" title="Libreville">Libreville</a>, on the Atlantic coast. The other two&#160;— DR200 and GT2000 - are around 100 kilometres (62&#160;mi) northeast of Port Gentil, according to the Gabonese oil ministry.<sup id="cite_ref-68" class="reference"><a href="#cite_note-68"><span class="cite-bracket">&#91;</span>68<span class="cite-bracket">&#93;</span></a></sup> In 2013 and 2014 Sinopec and the Gabonese government had significant disputes over licensing and fees. The Gabonese government nationalized one of the oilfields that Sinopec was previously licensed to extract from.<sup id="cite_ref-69" class="reference"><a href="#cite_note-69"><span class="cite-bracket">&#91;</span>69<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-70" class="reference"><a href="#cite_note-70"><span class="cite-bracket">&#91;</span>70<span class="cite-bracket">&#93;</span></a></sup> Ultimately negotiations between the parties resulted in new leases for Sinopec's further extraction.<sup id="cite_ref-71" class="reference"><a href="#cite_note-71"><span class="cite-bracket">&#91;</span>71<span class="cite-bracket">&#93;</span></a></sup> </p><p>In 2004, the <a href="/wiki/Export%E2%80%93Import_Bank_of_China" title="Export–Import Bank of China">Export–Import Bank of China</a> signed a $2 billion loan with Angola to finance infrastructure projects by Chinese companies. This led to the Angolan government blocking a deal between <a href="/wiki/Shell_plc" title="Shell plc">Shell</a> and India's <a href="/wiki/Oil_and_Natural_Gas_Corporation" title="Oil and Natural Gas Corporation">Oil and Natural Gas Corporation</a> in favor of a deal with Sinopec.<sup id="cite_ref-grab_55-1" class="reference"><a href="#cite_note-grab-55"><span class="cite-bracket">&#91;</span>55<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-alves_59-2" class="reference"><a href="#cite_note-alves-59"><span class="cite-bracket">&#91;</span>59<span class="cite-bracket">&#93;</span></a></sup><sup class="reference nowrap"><span title="Page / location: 9">&#58;&#8202;9&#8202;</span></sup> </p><p>In 2005, Sinopec and CNPC jointly purchased EnCana an Ecuadorian Petrochemical company for $1.42 billion. The purchase gave the joint venture, called Andes Petroleum Company, access to over 62,000 barrels per day of crude and the OCP pipeline which can pump 450,000 barrels per day.<sup id="cite_ref-72" class="reference"><a href="#cite_note-72"><span class="cite-bracket">&#91;</span>72<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-xinhuaes_73-0" class="reference"><a href="#cite_note-xinhuaes-73"><span class="cite-bracket">&#91;</span>73<span class="cite-bracket">&#93;</span></a></sup> It was the largest petrochemical deal in Ecuadorian history.<sup id="cite_ref-xinhuaes_73-1" class="reference"><a href="#cite_note-xinhuaes-73"><span class="cite-bracket">&#91;</span>73<span class="cite-bracket">&#93;</span></a></sup> Beginning in 2012, Chinese banks began large financing agreements with Ecuador to pre-pay for oil procured via Andes Petroleum.<sup id="cite_ref-bosEc_74-0" class="reference"><a href="#cite_note-bosEc-74"><span class="cite-bracket">&#91;</span>74<span class="cite-bracket">&#93;</span></a></sup><sup class="reference nowrap"><span title="Page / location: 13–14">&#58;&#8202;13–14&#8202;</span></sup><sup id="cite_ref-75" class="reference"><a href="#cite_note-75"><span class="cite-bracket">&#91;</span>75<span class="cite-bracket">&#93;</span></a></sup> Ecuador conducted major oil industry reforms in 2007 and 2010 which promoted many international oil companies to exit the Ecuadorian market. Sinopec, on the other hand, remained. As part of these reforms, Ecuador required that local labor be used for over 90% of unskilled and administrative positions. This put an end to further disputes about local job creation. International observers note that Andes Petroleum's operations were among the most successful in Ecuador through 2014. This success prompted an expansion of its operations. The company has generally had better relations with the local population than EnCana did.<sup id="cite_ref-bosEc_74-1" class="reference"><a href="#cite_note-bosEc-74"><span class="cite-bracket">&#91;</span>74<span class="cite-bracket">&#93;</span></a></sup><sup class="reference nowrap"><span title="Page / location: 17–23">&#58;&#8202;17–23&#8202;</span></sup> Most of the planned expansions were halted in 2019 when opposition from environmental activists and small indigenous tribes prompted Ecuadorian courts to find that the tribes had not been properly consulted.<sup id="cite_ref-76" class="reference"><a href="#cite_note-76"><span class="cite-bracket">&#91;</span>76<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-77" class="reference"><a href="#cite_note-77"><span class="cite-bracket">&#91;</span>77<span class="cite-bracket">&#93;</span></a></sup> </p><p>Sinopec is a partner in Petrodar Operating Company Ltd., a consortium whose partners also include China National Petroleum Corporation and Sudapet (the Sudanese state-owned oil company), among others.<sup id="cite_ref-78" class="reference"><a href="#cite_note-78"><span class="cite-bracket">&#91;</span>78<span class="cite-bracket">&#93;</span></a></sup> In 2005, Petrodar commenced production of oil in blocks 3 and 7 in South-east Sudan and transported them via its new pipeline. Petrodar's operations represent a major increase in overall Sudanese oil production.<sup id="cite_ref-79" class="reference"><a href="#cite_note-79"><span class="cite-bracket">&#91;</span>79<span class="cite-bracket">&#93;</span></a></sup> Sinopec is also looking into other companies such as <a href="/wiki/ERHC" title="ERHC">ERHC</a> Energy which has multiple oil block assets in the Joint Development Zone.<sup class="noprint Inline-Template Template-Fact" style="white-space:nowrap;">&#91;<i><a href="/wiki/Wikipedia:Citation_needed" title="Wikipedia:Citation needed"><span title="This claim needs references to reliable sources. (September 2024)">citation needed</span></a></i>&#93;</sup> When <a href="/wiki/South_Sudan" title="South Sudan">South Sudan</a> seceded it took most of Sudan's oil reserves with it.<sup id="cite_ref-80" class="reference"><a href="#cite_note-80"><span class="cite-bracket">&#91;</span>80<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-petrolines_81-0" class="reference"><a href="#cite_note-petrolines-81"><span class="cite-bracket">&#91;</span>81<span class="cite-bracket">&#93;</span></a></sup> The Petrodas pipeline is used to transport South Sudan's oil for export in Sudan.<sup id="cite_ref-petrolines_81-1" class="reference"><a href="#cite_note-petrolines-81"><span class="cite-bracket">&#91;</span>81<span class="cite-bracket">&#93;</span></a></sup> In 2024, fighting in the vicinity of <a href="/wiki/Singa,_Sudan" title="Singa, Sudan">Singa, Sudan</a> halted the flow.<sup id="cite_ref-82" class="reference"><a href="#cite_note-82"><span class="cite-bracket">&#91;</span>82<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-petrolines_81-2" class="reference"><a href="#cite_note-petrolines-81"><span class="cite-bracket">&#91;</span>81<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-83" class="reference"><a href="#cite_note-83"><span class="cite-bracket">&#91;</span>83<span class="cite-bracket">&#93;</span></a></sup> </p><p>In 2006, Sinopec began operations in Russia with a <a href="/wiki/Rosneft" title="Rosneft">Rosneft</a> partnership.<sup id="cite_ref-clinch_84-0" class="reference"><a href="#cite_note-clinch-84"><span class="cite-bracket">&#91;</span>84<span class="cite-bracket">&#93;</span></a></sup> The companies invested in <a href="/wiki/Sakhalin-III" title="Sakhalin-III">Sakhalin-III</a> and oil was first drilled in 2006.<sup id="cite_ref-85" class="reference"><a href="#cite_note-85"><span class="cite-bracket">&#91;</span>85<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-86" class="reference"><a href="#cite_note-86"><span class="cite-bracket">&#91;</span>86<span class="cite-bracket">&#93;</span></a></sup> Rosneft expanded its cooperation with Sinopec in a joint venture called Udmurtneft.<sup id="cite_ref-87" class="reference"><a href="#cite_note-87"><span class="cite-bracket">&#91;</span>87<span class="cite-bracket">&#93;</span></a></sup> They acquired access to 551 million barrels of proven reserves and facilities capable of producing 120,000 barrels per day. The entirety of the deal was financed by Sinopec, but the total price was not disclosed. The sellers claimed offers were $4 billion.<sup id="cite_ref-clinch_84-1" class="reference"><a href="#cite_note-clinch-84"><span class="cite-bracket">&#91;</span>84<span class="cite-bracket">&#93;</span></a></sup> </p> <figure class="mw-default-size" typeof="mw:File/Thumb"><a href="/wiki/File:Column_of_ONLF_rebels.jpg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/b/b2/Column_of_ONLF_rebels.jpg/220px-Column_of_ONLF_rebels.jpg" decoding="async" width="220" height="146" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/b/b2/Column_of_ONLF_rebels.jpg/330px-Column_of_ONLF_rebels.jpg 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/b/b2/Column_of_ONLF_rebels.jpg/440px-Column_of_ONLF_rebels.jpg 2x" data-file-width="3008" data-file-height="2000" /></a><figcaption>Column of ONLF rebels</figcaption></figure> <p>In 2007, in eastern <a href="/wiki/Ethiopia" title="Ethiopia">Ethiopia</a>'s <a href="/wiki/Ogaden" title="Ogaden">Ogaden</a> Desert, a <a href="/wiki/Abole_oil_field_raid" class="mw-redirect" title="Abole oil field raid">raid</a> by <a href="/wiki/Ogaden_National_Liberation_Front" title="Ogaden National Liberation Front">an ethnic Somali rebel group</a> on a Sinopec drilling site left 74 dead including 9 Chinese oil workers, and 7 kidnapped.<sup id="cite_ref-jianchao_88-0" class="reference"><a href="#cite_note-jianchao-88"><span class="cite-bracket">&#91;</span>88<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-89" class="reference"><a href="#cite_note-89"><span class="cite-bracket">&#91;</span>89<span class="cite-bracket">&#93;</span></a></sup> The rebels, the <a href="/wiki/Ogaden_National_Liberation_Front" title="Ogaden National Liberation Front">Ogaden National Liberation Front</a> (ONLF), later released the seven abductees and warned foreign companies against working in the area. Sinopec said it had no plans to pull out of the resource-rich region despite the attack. Chinese Foreign Ministry spokesperson <a href="/wiki/Liu_Jianchao" title="Liu Jianchao">Liu Jianchao</a> says that China strongly condemns the violent attack carried out by Somalian insurgents on the premises of the oil company Sinopec in Ethiopia.<sup id="cite_ref-jianchao_88-1" class="reference"><a href="#cite_note-jianchao-88"><span class="cite-bracket">&#91;</span>88<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-roots_6-5" class="reference"><a href="#cite_note-roots-6"><span class="cite-bracket">&#91;</span>6<span class="cite-bracket">&#93;</span></a></sup><sup class="reference nowrap"><span title="Page / location: 158">&#58;&#8202;158&#8202;</span></sup> </p><p>In 2008, Sinopec bought Tanganyika Oil for $2 billion giving Sinopec access to its Syrian oil fields.<sup id="cite_ref-TanganyikaUBS_90-0" class="reference"><a href="#cite_note-TanganyikaUBS-90"><span class="cite-bracket">&#91;</span>90<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-91" class="reference"><a href="#cite_note-91"><span class="cite-bracket">&#91;</span>91<span class="cite-bracket">&#93;</span></a></sup> These fields were reported to have over a billion barrels of crude reserves and a trillion cubic feet of natural gas reserve. However, the Syrian investments became significantly less valuable in 2012 when the <a href="/wiki/Syrian_civil_war" title="Syrian civil war">Syrian civil war</a> began.<sup id="cite_ref-marshallSyria_92-0" class="reference"><a href="#cite_note-marshallSyria-92"><span class="cite-bracket">&#91;</span>92<span class="cite-bracket">&#93;</span></a></sup> The turmoil forced Sinopec to stop regular operations in Syria.<sup id="cite_ref-93" class="reference"><a href="#cite_note-93"><span class="cite-bracket">&#91;</span>93<span class="cite-bracket">&#93;</span></a></sup> The company negotiated with several parties in Syria on multiple occasions in an attempt to restart operations.<sup id="cite_ref-marshallSyria_92-1" class="reference"><a href="#cite_note-marshallSyria-92"><span class="cite-bracket">&#91;</span>92<span class="cite-bracket">&#93;</span></a></sup> </p><p>Sinopec also began investing in Australia in 2008 with its $594 million purchase of a 60% stake in <a href="/wiki/AED_Oil" title="AED Oil">AED Oil</a>. AED was heavily indebted at the time of the purchase in part due to the Puffin oil fields producing less than expected. Sinopec took over operation of these fields after the sale.<sup id="cite_ref-94" class="reference"><a href="#cite_note-94"><span class="cite-bracket">&#91;</span>94<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-95" class="reference"><a href="#cite_note-95"><span class="cite-bracket">&#91;</span>95<span class="cite-bracket">&#93;</span></a></sup> </p><p>In 2009, Sinopec acquired Addax Petroleum Corp for $7.24 billion. This was the largest foreign purchase by a Chinese company. Addax was producing an average of 136,500 barrels per day. Addax was based in <a href="/wiki/Geneva" title="Geneva">Geneva</a> at the time, but the Geneva office was closed in 2017 after Sinopec agreed to pay $31.8 million to settle a Swiss bribery investigation of their operations in Nigeria.<sup id="cite_ref-addaxbuy_54-1" class="reference"><a href="#cite_note-addaxbuy-54"><span class="cite-bracket">&#91;</span>54<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-96" class="reference"><a href="#cite_note-96"><span class="cite-bracket">&#91;</span>96<span class="cite-bracket">&#93;</span></a></sup> Sinopec claimed the office closure was due to low oil prices.<sup id="cite_ref-97" class="reference"><a href="#cite_note-97"><span class="cite-bracket">&#91;</span>97<span class="cite-bracket">&#93;</span></a></sup> The alleged bribes stemmed from a tax dispute between Sinopec Addax and the Nigerian government. Both sides claimed they had not received their fair share of benefits. The dispute was settled in 2015.<sup id="cite_ref-98" class="reference"><a href="#cite_note-98"><span class="cite-bracket">&#91;</span>98<span class="cite-bracket">&#93;</span></a></sup> Addax's resources were concentrated in West Africa and <a href="/wiki/Kurdistan" title="Kurdistan">Kurdistan</a>.<sup id="cite_ref-addaxbuy_54-2" class="reference"><a href="#cite_note-addaxbuy-54"><span class="cite-bracket">&#91;</span>54<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-alves_59-3" class="reference"><a href="#cite_note-alves-59"><span class="cite-bracket">&#91;</span>59<span class="cite-bracket">&#93;</span></a></sup><sup class="reference nowrap"><span title="Page / location: 14">&#58;&#8202;14&#8202;</span></sup> Sinopec's assumption of the agreements with the Kurds created difficulty in forming new agreements with the Iraqi government because Iraq has a long standing policy against dealing with anyone who makes agreements with the Kurds. However these issues did not spread to other Chinese energy companies.<sup id="cite_ref-Haider_99-0" class="reference"><a href="#cite_note-Haider-99"><span class="cite-bracket">&#91;</span>99<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-100" class="reference"><a href="#cite_note-100"><span class="cite-bracket">&#91;</span>100<span class="cite-bracket">&#93;</span></a></sup> </p><p>On 13 April 2010 the company announced acquisition of Conoco Phillips's 9% stake in the Canadian <a href="/wiki/Oil_sand" class="mw-redirect" title="Oil sand">oil sand</a> firms, <a href="/wiki/Syncrude" title="Syncrude">Syncrude</a>, for $4.65bn.<sup id="cite_ref-101" class="reference"><a href="#cite_note-101"><span class="cite-bracket">&#91;</span>101<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-oecdInfo_60-1" class="reference"><a href="#cite_note-oecdInfo-60"><span class="cite-bracket">&#91;</span>60<span class="cite-bracket">&#93;</span></a></sup><sup class="reference nowrap"><span title="Page / location: 10">&#58;&#8202;10&#8202;</span></sup> 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.<sup id="cite_ref-102" class="reference"><a href="#cite_note-102"><span class="cite-bracket">&#91;</span>102<span class="cite-bracket">&#93;</span></a></sup> The following year, Sinopec took over <a href="/w/index.php?title=Daylight_Energy&amp;action=edit&amp;redlink=1" class="new" title="Daylight Energy (page does not exist)">Daylight Energy</a> for C$2.2 billion ($2.1 billion). Daylight was then renamed <a href="/w/index.php?title=Sinopec_Daylight_Energy_Ltd.&amp;action=edit&amp;redlink=1" class="new" title="Sinopec Daylight Energy Ltd. (page does not exist)">Sinopec Daylight Energy Ltd.</a>.<sup id="cite_ref-103" class="reference"><a href="#cite_note-103"><span class="cite-bracket">&#91;</span>103<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-104" class="reference"><a href="#cite_note-104"><span class="cite-bracket">&#91;</span>104<span class="cite-bracket">&#93;</span></a></sup> The OECD and Chinese observers note Sinopec's attraction to the Syncrude deal is partly explained by a desire to acquire technical knowledge on oil sands extraction which can be used to boost domestic oil production.<sup id="cite_ref-oecdInfo_60-2" class="reference"><a href="#cite_note-oecdInfo-60"><span class="cite-bracket">&#91;</span>60<span class="cite-bracket">&#93;</span></a></sup><sup class="reference nowrap"><span title="Page / location: 15">&#58;&#8202;15&#8202;</span></sup><sup id="cite_ref-LiuDemand_57-3" class="reference"><a href="#cite_note-LiuDemand-57"><span class="cite-bracket">&#91;</span>57<span class="cite-bracket">&#93;</span></a></sup><sup class="reference nowrap"><span title="Page / location: 580">&#58;&#8202;580&#8202;</span></sup> </p><p>Sinopec invested $7.1 billion in Repsol Brazil to begin a new partnership in 2010.<sup id="cite_ref-105" class="reference"><a href="#cite_note-105"><span class="cite-bracket">&#91;</span>105<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-bccnorth_106-0" class="reference"><a href="#cite_note-bccnorth-106"><span class="cite-bracket">&#91;</span>106<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-oecdInfo_60-3" class="reference"><a href="#cite_note-oecdInfo-60"><span class="cite-bracket">&#91;</span>60<span class="cite-bracket">&#93;</span></a></sup> Chinese observers note that part of Sinopec's motivation for the deal was to bring deep water drilling expertise to China.<sup id="cite_ref-LiuDemand_57-4" class="reference"><a href="#cite_note-LiuDemand-57"><span class="cite-bracket">&#91;</span>57<span class="cite-bracket">&#93;</span></a></sup><sup class="reference nowrap"><span title="Page / location: 580">&#58;&#8202;580&#8202;</span></sup> In 2011, Sinopec additionally invested $5.2 billion for a 30 percent stake in the Brazilian unit of <a href="/wiki/Galp_Energia" title="Galp Energia">Galp Energia</a> SGPS SA which owns the rights to biggest discovered oil reserve in the western hemisphere since 1976. This brought the total investment of Chinese energy companies in foreign oil assets for the year to $16 billion.<sup id="cite_ref-107" class="reference"><a href="#cite_note-107"><span class="cite-bracket">&#91;</span>107<span class="cite-bracket">&#93;</span></a></sup> </p><p>Sinopec partnered with <a href="/wiki/Chevron_Corporation" title="Chevron Corporation">Chevron Corporation</a> on a deep water drilling operation in Indonesdia in 2011. The project is located in the <a href="/wiki/Kutai_Basin" title="Kutai Basin">Kutai Basin</a> and has access to 15 million barrels of crude oil reserve and 700 billion cubic feet of natural gas. The deal closed with Sinopec getting an 18% stake for $680 million.<sup id="cite_ref-deepIndo_108-0" class="reference"><a href="#cite_note-deepIndo-108"><span class="cite-bracket">&#91;</span>108<span class="cite-bracket">&#93;</span></a></sup> This project aligned with China's goal of doubling gas' share of energy production during the 2009-2015 period.<sup id="cite_ref-oecdInfo_60-4" class="reference"><a href="#cite_note-oecdInfo-60"><span class="cite-bracket">&#91;</span>60<span class="cite-bracket">&#93;</span></a></sup><sup class="reference nowrap"><span title="Page / location: 34">&#58;&#8202;34&#8202;</span></sup><sup id="cite_ref-109" class="reference"><a href="#cite_note-109"><span class="cite-bracket">&#91;</span>109<span class="cite-bracket">&#93;</span></a></sup> </p><p>Unipec first became involved in Ghana in December 2011 when <a href="/wiki/Ghana_National_Petroleum_Corporation" title="Ghana National Petroleum Corporation">Ghana National Petroleum Corporation</a> agreed to supply 13,000 barrels of oil per day for the following 15 years in return for the Master Facility Agreement. The MFA was a $3 billion six year loan from CDB which Ghanaian President Mills and Hu-Jintao directly negotiated on.<sup id="cite_ref-ghana1_7-6" class="reference"><a href="#cite_note-ghana1-7"><span class="cite-bracket">&#91;</span>7<span class="cite-bracket">&#93;</span></a></sup><sup class="reference nowrap"><span title="Page / location: 599–603">&#58;&#8202;599–603&#8202;</span></sup><sup id="cite_ref-alves_59-4" class="reference"><a href="#cite_note-alves-59"><span class="cite-bracket">&#91;</span>59<span class="cite-bracket">&#93;</span></a></sup><sup class="reference nowrap"><span title="Page / location: 12">&#58;&#8202;12&#8202;</span></sup> The MFA also required Ghana to spend most of the funds on projects constructed by Chinese contractors. Unipec was awarded the first $750 million of these funds to build the <a href="/wiki/Atuabo_Gas_Plant" title="Atuabo Gas Plant">Atuabo Gas Plant</a>. In 2013, Unipec halted work on the project to pressure Ghana into making amendments to the MFA that CDB had requested. By 2014, Ghana had only received $600 million of the promised MFA funds.<sup id="cite_ref-ghana1_7-7" class="reference"><a href="#cite_note-ghana1-7"><span class="cite-bracket">&#91;</span>7<span class="cite-bracket">&#93;</span></a></sup><sup class="reference nowrap"><span title="Page / location: 599–603">&#58;&#8202;599–603&#8202;</span></sup> </p><p>On 31 October 2011 Sinopec Addax acquired<sup id="cite_ref-110" class="reference"><a href="#cite_note-110"><span class="cite-bracket">&#91;</span>110<span class="cite-bracket">&#93;</span></a></sup> <a href="/wiki/Shell_Oil_Company" class="mw-redirect" title="Shell Oil Company">Shell Oil Company</a>'s 80% share of an exploration firm called <a href="/w/index.php?title=Pecten_(company)&amp;action=edit&amp;redlink=1" class="new" title="Pecten (company) (page does not exist)">Pecten</a> that explores and drills in various offshore locations including the oil basin near <a href="/wiki/Douala" title="Douala">Douala</a>, <a href="/wiki/Cameroon" title="Cameroon">Cameroon</a> in cooperation with <a href="/wiki/TotalEnergies" title="TotalEnergies">TotalEnergies</a>.<sup id="cite_ref-mbendi_111-0" class="reference"><a href="#cite_note-mbendi-111"><span class="cite-bracket">&#91;</span>111<span class="cite-bracket">&#93;</span></a></sup> </p><p>BP and Sinopec was expanded on an existing base of joint ventures via new bunker fuel projects in 2015.<sup id="cite_ref-112" class="reference"><a href="#cite_note-112"><span class="cite-bracket">&#91;</span>112<span class="cite-bracket">&#93;</span></a></sup> Bunker fuel was then delivered to ports in <a href="/wiki/Singapore" title="Singapore">Singapore</a>, China, and Europe in 2020.<sup id="cite_ref-113" class="reference"><a href="#cite_note-113"><span class="cite-bracket">&#91;</span>113<span class="cite-bracket">&#93;</span></a></sup> </p><p>Sinopec Addax made a $1.5 billion investment in North Sea drilling operations in 2012.<sup id="cite_ref-rtnorth_114-0" class="reference"><a href="#cite_note-rtnorth-114"><span class="cite-bracket">&#91;</span>114<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-bccnorth_106-1" class="reference"><a href="#cite_note-bccnorth-106"><span class="cite-bracket">&#91;</span>106<span class="cite-bracket">&#93;</span></a></sup> The investment was rebranded multiple times. Originally, the deal was with <a href="/wiki/Talisman_Energy" title="Talisman Energy">Talisman Energy</a> and Sinopec exited this investment after a dispute with <a href="/wiki/Repsol" title="Repsol">Repsol</a> was settled for $2.1 billion. The dispute began in 2015 over amounts paid by Sinopec and was settled in 2023.<sup id="cite_ref-115" class="reference"><a href="#cite_note-115"><span class="cite-bracket">&#91;</span>115<span class="cite-bracket">&#93;</span></a></sup> </p><p>In 2013, company sold a 30 percent stake of an oil and gas block in Myanmar to Taiwan's CPC Corp.<sup id="cite_ref-116" class="reference"><a href="#cite_note-116"><span class="cite-bracket">&#91;</span>116<span class="cite-bracket">&#93;</span></a></sup> This was followed by Sinopec's acquisition of a 33% stake in <a href="/wiki/Apache_Corporation" class="mw-redirect" title="Apache Corporation">Apache Corporation</a>'s oil and gas business in <a href="/wiki/Egypt" title="Egypt">Egypt</a> for $3.1 billion.<sup id="cite_ref-117" class="reference"><a href="#cite_note-117"><span class="cite-bracket">&#91;</span>117<span class="cite-bracket">&#93;</span></a></sup> </p><p>In June 2013, Sinopec agreed to acquire <a href="/wiki/Marathon_Oil" title="Marathon Oil">Marathon Oil</a> Corp's Angolan offshore oil and gas field for $1.52 billion.<sup id="cite_ref-118" class="reference"><a href="#cite_note-118"><span class="cite-bracket">&#91;</span>118<span class="cite-bracket">&#93;</span></a></sup> As of at least 2023, Sinopec is a part minority owner of several offshore projects via Sinopec's half ownership of a joint venture with the private company Sonangol Sinopec International.<sup id="cite_ref-:322_119-0" class="reference"><a href="#cite_note-:322-119"><span class="cite-bracket">&#91;</span>119<span class="cite-bracket">&#93;</span></a></sup><sup class="reference nowrap"><span title="Page: 165">&#58;&#8202;165&#8202;</span></sup> Sinopec is also a part owner of the joint venture POLY-GCL Petroleum, which as of 2023 is developing a $4 billion natural gas project in Ethiopia, which will include a pipeline to the Djiboutian coast and an export terminal.<sup id="cite_ref-:322_119-1" class="reference"><a href="#cite_note-:322-119"><span class="cite-bracket">&#91;</span>119<span class="cite-bracket">&#93;</span></a></sup><sup class="reference nowrap"><span title="Page: 165">&#58;&#8202;165&#8202;</span></sup> According to <a href="/wiki/David_H._Shinn" title="David H. Shinn">David H. Shinn</a> and academic Joshua Eisenman, the Ethiopian project underscore China's commitment to expanding its import of liquified natural gas from African countries.<sup id="cite_ref-:322_119-2" class="reference"><a href="#cite_note-:322-119"><span class="cite-bracket">&#91;</span>119<span class="cite-bracket">&#93;</span></a></sup><sup class="reference nowrap"><span title="Page: 165">&#58;&#8202;165&#8202;</span></sup> </p><p>In November 2021, U.S. producer Venture Global LNG signed a twenty-year contract with Sinopec to supply <a href="/wiki/Liquefied_natural_gas" title="Liquefied natural gas">liquefied natural gas</a> (LNG).<sup id="cite_ref-120" class="reference"><a href="#cite_note-120"><span class="cite-bracket">&#91;</span>120<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-:0_46-1" class="reference"><a href="#cite_note-:0-46"><span class="cite-bracket">&#91;</span>46<span class="cite-bracket">&#93;</span></a></sup> In January 2022 they offered to re-sell LNG to take advantage of high Asian spot prices.<sup id="cite_ref-121" class="reference"><a href="#cite_note-121"><span class="cite-bracket">&#91;</span>121<span class="cite-bracket">&#93;</span></a></sup> </p><p>Following the 2022 <a href="/wiki/Russian_invasion_of_Ukraine" title="Russian invasion of Ukraine">Russian invasion of Ukraine</a> the company continued doing business in Russia. For this reason Ukraine listed Sinopec as an <a href="/wiki/International_Sponsors_of_War" title="International Sponsors of War">International Sponsors of War</a>.<sup id="cite_ref-122" class="reference"><a href="#cite_note-122"><span class="cite-bracket">&#91;</span>122<span class="cite-bracket">&#93;</span></a></sup> Unipec, a subsidiary of Sinopec, is an <a href="/wiki/Intermediary" title="Intermediary">intermediary</a> for <a href="/wiki/International_sanctions_during_the_Russian_invasion_of_Ukraine" title="International sanctions during the Russian invasion of Ukraine">banned Russian oil</a>.<sup id="cite_ref-123" class="reference"><a href="#cite_note-123"><span class="cite-bracket">&#91;</span>123<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-124" class="reference"><a href="#cite_note-124"><span class="cite-bracket">&#91;</span>124<span class="cite-bracket">&#93;</span></a></sup> In March 2025, Sinopec reportedly halted purchases of Russian oil due to international sanctions.<sup id="cite_ref-125" class="reference"><a href="#cite_note-125"><span class="cite-bracket">&#91;</span>125<span class="cite-bracket">&#93;</span></a></sup> </p><p>In April 2023, an agreement was signed between Sinopec and <a href="/wiki/QatarEnergy" title="QatarEnergy">QatarEnergy</a>, making Sinopec the first Asian buyer to participate in the eastern expansion of <a href="/wiki/Qatar" title="Qatar">Qatar</a>'s North Field liquefied natural gas project, with a 5% stake in an 8 million tonnes per year <a href="/wiki/Liquefied_natural_gas" title="Liquefied natural gas">LNG train</a>.<sup id="cite_ref-126" class="reference"><a href="#cite_note-126"><span class="cite-bracket">&#91;</span>126<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-127" class="reference"><a href="#cite_note-127"><span class="cite-bracket">&#91;</span>127<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-128" class="reference"><a href="#cite_note-128"><span class="cite-bracket">&#91;</span>128<span class="cite-bracket">&#93;</span></a></sup> The contract has a 27-year term making it the longest ever purchase agreement for LNG.<sup id="cite_ref-129" class="reference"><a href="#cite_note-129"><span class="cite-bracket">&#91;</span>129<span class="cite-bracket">&#93;</span></a></sup> </p><p>At the end of June 2023, Sinopec Overseas Investment Holding was established as a vehicle for investment, construction and operation of overseas refineries. Overseas investments at the time amount to 400,000 barrels per day at the Yasref refinery, as well as the $10 billion Amur Gas Chemical Complex in East <a href="/wiki/Siberia" title="Siberia">Siberia</a>.<sup id="cite_ref-130" class="reference"><a href="#cite_note-130"><span class="cite-bracket">&#91;</span>130<span class="cite-bracket">&#93;</span></a></sup><sup class="noprint Inline-Template Template-Fact" style="white-space:nowrap;">&#91;<i><a href="/wiki/Wikipedia:Citation_needed" title="Wikipedia:Citation needed"><span title="Article seems to give a poor understanding of Sinopec&#39;s overseas operations and it is not really clear how notable this subsidiary is using only this source. (December 2024)">additional citation(s) needed</span></a></i>&#93;</sup> </p><p>In September 2023, Sinopec used a tender to purchase 30 cargoes of LNG from more than 10 suppliers for additional supply to begin in October 2023. This additional supply helped China during the winter months as well as offset the lacking supply from Venture Global.<sup id="cite_ref-131" class="reference"><a href="#cite_note-131"><span class="cite-bracket">&#91;</span>131<span class="cite-bracket">&#93;</span></a></sup> </p><p>On 17 October 2023, an equity agreement was signed between Sinopec and <a href="/wiki/KazMunayGas" title="KazMunayGas">KazMunayGas</a> JSC for a 30% stake in a $7.7bn <a href="/wiki/Polyethylene" title="Polyethylene">polyethylene</a> project in <a href="/wiki/Kazakhstan" title="Kazakhstan">Kazakhstan</a>, which is expected to start construction in the second half of 2024.<sup id="cite_ref-132" class="reference"><a href="#cite_note-132"><span class="cite-bracket">&#91;</span>132<span class="cite-bracket">&#93;</span></a></sup> </p><p>In 2023, Sinopec was approved to invest $4.5 billion in refinery construction at <a href="/wiki/Hambantota_International_Port" title="Hambantota International Port">Hambantota International Port</a>, <a href="/wiki/Sri_Lanka" title="Sri Lanka">Sri Lanka</a>.<sup id="cite_ref-133" class="reference"><a href="#cite_note-133"><span class="cite-bracket">&#91;</span>133<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-134" class="reference"><a href="#cite_note-134"><span class="cite-bracket">&#91;</span>134<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-135" class="reference"><a href="#cite_note-135"><span class="cite-bracket">&#91;</span>135<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="Governance">Governance</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Sinopec&amp;action=edit&amp;section=4" title="Edit section: Governance"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Sinopec is one of the "core" central SOEs overseen by SASAC.<sup id="cite_ref-:12_136-0" class="reference"><a href="#cite_note-:12-136"><span class="cite-bracket">&#91;</span>136<span class="cite-bracket">&#93;</span></a></sup><sup class="reference nowrap"><span title="Page: 10">&#58;&#8202;10&#8202;</span></sup> </p><p>The chairman of China Petroleum and Chemical Corporation, like all Chinese National Oil Companies, is a vice minister. This is a political appointment set by the Ministry of Personnel. This means that the post is always given to high ranking communist party members as a reward for career achievement in the industry.<sup id="cite_ref-roots_6-6" class="reference"><a href="#cite_note-roots-6"><span class="cite-bracket">&#91;</span>6<span class="cite-bracket">&#93;</span></a></sup><sup class="reference nowrap"><span title="Page / location: 151">&#58;&#8202;151&#8202;</span></sup> Due to the high ranking nature of China Petroleum and Chemical Corporation's leaders in the communist party, the party does not have total control over the company and the company can exert influence on the government to get support in financing, international agreements, and pricing. For example, even though the state owns China Petroleum and Chemical Corporation, the company did not pay the state any dividends until 2008. China Petroleum and Chemical Corporation also appoints a member to the <a href="/wiki/Central_Committee_of_the_Chinese_Communist_Party" title="Central Committee of the Chinese Communist Party">Central Committee of the Chinese Communist Party</a>.<sup id="cite_ref-oecdInfo_60-5" class="reference"><a href="#cite_note-oecdInfo-60"><span class="cite-bracket">&#91;</span>60<span class="cite-bracket">&#93;</span></a></sup><sup class="reference nowrap"><span title="Page / location: 24–26">&#58;&#8202;24–26&#8202;</span></sup> Chinese officials have seen some of Sinopec's investments as too politically risky. The Iran and Sudan oil partnerships in particular led to regulatory change by <a href="/wiki/State-owned_Assets_Supervision_and_Administration_Commission_of_the_State_Council" title="State-owned Assets Supervision and Administration Commission of the State Council">State-owned Assets Supervision and Administration Commission of the State Council</a> to hold Sinopec's leaders personally responsible if risky investments cost the government financially.<sup id="cite_ref-LiuDemand_57-5" class="reference"><a href="#cite_note-LiuDemand-57"><span class="cite-bracket">&#91;</span>57<span class="cite-bracket">&#93;</span></a></sup><sup class="reference nowrap"><span title="Page / location: 580">&#58;&#8202;580&#8202;</span></sup> </p> <figure class="mw-default-size mw-halign-center" typeof="mw:File/Thumb"><a href="/wiki/File:Sinopecreg.svg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/en/thumb/1/1d/Sinopecreg.svg/440px-Sinopecreg.svg.png" decoding="async" width="440" height="264" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/en/thumb/1/1d/Sinopecreg.svg/660px-Sinopecreg.svg.png 1.5x, //upload.wikimedia.org/wikipedia/en/thumb/1/1d/Sinopecreg.svg/880px-Sinopecreg.svg.png 2x" data-file-width="1000" data-file-height="600" /></a><figcaption>NEC: National Energy Commission; SASAC State Assets Supervision and Administration Commission; MOF: Ministry of Finance; MOFA: Ministry of Foreign Affairs; NDRC: National Development and Reform Commission; NEA: National Energy Administration; CBRC: China Banking Regulatory Commission; SOE: state‐owned enterprise<sup id="cite_ref-oecdInfo_60-6" class="reference"><a href="#cite_note-oecdInfo-60"><span class="cite-bracket">&#91;</span>60<span class="cite-bracket">&#93;</span></a></sup><sup class="reference nowrap"><span title="Page / location: 25">&#58;&#8202;25&#8202;</span></sup></figcaption></figure> <p>Sinopec is governed by a <a href="/wiki/Board_of_directors" title="Board of directors">Board of directors</a>. The members are nominated by a committee including the chairman of the board and then board makes decisions on these nominations. The board has highlighted its achievement on diversity, including gender diversity, in its annual report. The report highlights that 10% of the members of Board of Directors are female and 31% of the employees are female.<sup id="cite_ref-report2022_2-3" class="reference"><a href="#cite_note-report2022-2"><span class="cite-bracket">&#91;</span>2<span class="cite-bracket">&#93;</span></a></sup><sup class="reference nowrap"><span title="Page / location: 29">&#58;&#8202;29&#8202;</span></sup> Sinopec's audits, like other publicly traded Chinese firms, are not subject to independent oversight.<sup id="cite_ref-sec2020_137-0" class="reference"><a href="#cite_note-sec2020-137"><span class="cite-bracket">&#91;</span>137<span class="cite-bracket">&#93;</span></a></sup><sup class="reference nowrap"><span title="Page / location: 15">&#58;&#8202;15&#8202;</span></sup> </p><p>The former head of the companies' board of directors <a href="/wiki/Chen_Tonghai" title="Chen Tonghai">Chen Tonghai</a> was sentenced to death in July 2009 after being accused of corruption. He had been relieved of his post in 2007.<sup id="cite_ref-138" class="reference"><a href="#cite_note-138"><span class="cite-bracket">&#91;</span>138<span class="cite-bracket">&#93;</span></a></sup> He was replaced by Su Shulin who was formerly the head of CNPC. The company culture moved on from Chen and acted as if he had never existed.<sup id="cite_ref-corruptR_139-0" class="reference"><a href="#cite_note-corruptR-139"><span class="cite-bracket">&#91;</span>139<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="Environmental_and_safety_record">Environmental and safety record</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Sinopec&amp;action=edit&amp;section=5" title="Edit section: Environmental and safety record"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <figure class="mw-default-size mw-halign-left" typeof="mw:File/Thumb"><a href="/wiki/File:Gabon_Loango_National_Park_Southern_Camping_Ground_bar_with_a_view.jpeg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/4/4c/Gabon_Loango_National_Park_Southern_Camping_Ground_bar_with_a_view.jpeg/220px-Gabon_Loango_National_Park_Southern_Camping_Ground_bar_with_a_view.jpeg" decoding="async" width="220" height="165" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/4/4c/Gabon_Loango_National_Park_Southern_Camping_Ground_bar_with_a_view.jpeg/330px-Gabon_Loango_National_Park_Southern_Camping_Ground_bar_with_a_view.jpeg 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/4/4c/Gabon_Loango_National_Park_Southern_Camping_Ground_bar_with_a_view.jpeg/440px-Gabon_Loango_National_Park_Southern_Camping_Ground_bar_with_a_view.jpeg 2x" data-file-width="3648" data-file-height="2736" /></a><figcaption>Campground in Loango National Park</figcaption></figure> <p>In 2004, Sinopec prospected for oil in the 1,550 square kilometers of <a href="/wiki/Loango_National_Park" title="Loango National Park">Loango National Park</a> in southern Gabon and encountered criticism for what domestic and foreign environmental critics said were poor and damaging methods.<sup id="cite_ref-140" class="reference"><a href="#cite_note-140"><span class="cite-bracket">&#91;</span>140<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-BA_141-0" class="reference"><a href="#cite_note-BA-141"><span class="cite-bracket">&#91;</span>141<span class="cite-bracket">&#93;</span></a></sup> Primatology professor Christophe Boesch of the US-based environmental organization, the Wildlife Conservation Society (WCS), criticized the use of dynamite and heavy machinery in exploration and road construction by Sinopec through park, noting that it might drive native gorillas deeper into the jungle, where they would be outside legal restrictions on hunting.<sup id="cite_ref-142" class="reference"><a href="#cite_note-142"><span class="cite-bracket">&#91;</span>142<span class="cite-bracket">&#93;</span></a></sup> Gabonese law states that industries can extract oil from national parks, but must rehabilitate them to the prior condition. Boesch, and other international experts, have suggested that Sinopec use other methods such as horizontal drilling to minimize its environmental footprint.<sup id="cite_ref-BA_141-1" class="reference"><a href="#cite_note-BA-141"><span class="cite-bracket">&#91;</span>141<span class="cite-bracket">&#93;</span></a></sup> Sinopec's activities in Gabon's national parks were suspended in September 2006, by the Gabonese national parks council.<sup id="cite_ref-BA_141-2" class="reference"><a href="#cite_note-BA-141"><span class="cite-bracket">&#91;</span>141<span class="cite-bracket">&#93;</span></a></sup> In 2007, Sinopec redid its earlier environmental study, this time in conjunction with the Gabonese environmentalist group Enviropass and the World Wildlife Foundation, winning high marks from Gabonese, Western, and Chinese conservation experts. Shortly thereafter, Sinopec resumed production with more environmentally friendly methods.<sup id="cite_ref-143" class="reference"><a href="#cite_note-143"><span class="cite-bracket">&#91;</span>143<span class="cite-bracket">&#93;</span></a></sup> </p><p>On 21 December 2006, gas started leaking during the drilling of a test well by the Sinopec Southern Prospecting and Development Branch in Quingxi. 12,380 people were evacuated after the leakage occurred. It took at least three attempts and two weeks for the company to seal the leak.<sup id="cite_ref-144" class="reference"><a href="#cite_note-144"><span class="cite-bracket">&#91;</span>144<span class="cite-bracket">&#93;</span></a></sup> </p><p>China's top environmental watchdog warned Sinopec in 2007 to stop operations at one of its oil fields due to chronic river pollution. Zhongyuan Oilfields Petrochemical Company, a unit of Sinopec, had failed to meet waste water treatment requirements and had been ordered to pay a pollution fine and operations had to be halted, according to the <a href="/wiki/State_Environmental_Protection_Administration" class="mw-redirect" title="State Environmental Protection Administration">State Environmental Protection Administration</a> (SEPA).<sup id="cite_ref-145" class="reference"><a href="#cite_note-145"><span class="cite-bracket">&#91;</span>145<span class="cite-bracket">&#93;</span></a></sup> </p><p>Guangdong Provincial Environment Bureau (GPEB) had also issued a red sign warning to 19 companies, including Sinopec Guangzhou, in February 2008. 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.<sup id="cite_ref-146" class="reference"><a href="#cite_note-146"><span class="cite-bracket">&#91;</span>146<span class="cite-bracket">&#93;</span></a></sup> </p><p>An oil pipeline explosion on Friday, 22 November 2013, in <a href="/wiki/Qingdao" title="Qingdao">Qingdao</a>, <a href="/wiki/Shandong" title="Shandong">Shandong province</a> killed at least 62 people, injuring 136, and displacing hundreds more after oil previously leaking onto a street during the day ignited.<sup class="noprint Inline-Template Template-Fact" style="white-space:nowrap;">&#91;<i><a href="/wiki/Wikipedia:Citation_needed" title="Wikipedia:Citation needed"><span title="This claim needs references to reliable sources. (September 2024)">citation needed</span></a></i>&#93;</sup> </p><p>In 2021, the company's total climate-warming greenhouse gases emissions reached 172.56 million tonnes of <a href="/wiki/CO2_equivalent" class="mw-redirect" title="CO2 equivalent">CO<sub>2</sub> equivalent</a>.<sup id="cite_ref-reuters_147-0" class="reference"><a href="#cite_note-reuters-147"><span class="cite-bracket">&#91;</span>147<span class="cite-bracket">&#93;</span></a></sup> By 2023, emissions were down slightly to 169 million tonnes of CO2 equivalent but the company still ranked second for greenhouse gas emissions among oil companies worldwide.<sup id="cite_ref-statista_148-0" class="reference"><a href="#cite_note-statista-148"><span class="cite-bracket">&#91;</span>148<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="Renewable_energy">Renewable energy</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Sinopec&amp;action=edit&amp;section=6" title="Edit section: Renewable energy"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>As of 2021 Sinopec was the largest supplier of geothermal energy in China. Sinopec plans to expand this with the goal of creating what their leadership calls "smogless cities".<sup id="cite_ref-greenma_149-0" class="reference"><a href="#cite_note-greenma-149"><span class="cite-bracket">&#91;</span>149<span class="cite-bracket">&#93;</span></a></sup> </p><p>Sinopec has developed a <a href="/wiki/Carbon_capture_and_storage" title="Carbon capture and storage">megatonnes carbon capture</a>, utilisation and storage (CCUS) project in China. It consists of two parts, the Sinopec Qilu carbon capture and the <a href="/wiki/Shengli_Oil_Field" title="Shengli Oil Field">Shengli Oil Field</a> CO<sub style="font-size: 80%;vertical-align: -0.35em">2</sub> shifting and storage. The project has been operational since January 2022.<sup id="cite_ref-150" class="reference"><a href="#cite_note-150"><span class="cite-bracket">&#91;</span>150<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-151" class="reference"><a href="#cite_note-151"><span class="cite-bracket">&#91;</span>151<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-152" class="reference"><a href="#cite_note-152"><span class="cite-bracket">&#91;</span>152<span class="cite-bracket">&#93;</span></a></sup> Sinopec has partnered with other firms for additional research and development CCUS projects.<sup id="cite_ref-153" class="reference"><a href="#cite_note-153"><span class="cite-bracket">&#91;</span>153<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-154" class="reference"><a href="#cite_note-154"><span class="cite-bracket">&#91;</span>154<span class="cite-bracket">&#93;</span></a></sup> </p><p>By 2021, Sinopec was already the largest Chinese producer of grey hydrogen which is hydrogen fuel produced via petrochemical processing without recapturing the carbon.<sup id="cite_ref-greenma_149-1" class="reference"><a href="#cite_note-greenma-149"><span class="cite-bracket">&#91;</span>149<span class="cite-bracket">&#93;</span></a></sup> In 2023, Sinopec constructed its first solar powered green hydrogen facility in Xinjiang which plans to produce annually 20,000 tonnes be transported to and consumed by Sinopec's Tahe refinery. <sup id="cite_ref-155" class="reference"><a href="#cite_note-155"><span class="cite-bracket">&#91;</span>155<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-156" class="reference"><a href="#cite_note-156"><span class="cite-bracket">&#91;</span>156<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-157" class="reference"><a href="#cite_note-157"><span class="cite-bracket">&#91;</span>157<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-158" class="reference"><a href="#cite_note-158"><span class="cite-bracket">&#91;</span>158<span class="cite-bracket">&#93;</span></a></sup> Sinopec's <a href="/w/index.php?title=Demonstration_Project_of_Hydrogen_Transmission_Pipeline_from_Ulanqab_to_Beijing-Tianjin-Hebei_Region&amp;action=edit&amp;redlink=1" class="new" title="Demonstration Project of Hydrogen Transmission Pipeline from Ulanqab to Beijing-Tianjin-Hebei Region (page does not exist)">Demonstration Project of Hydrogen Transmission Pipeline from Ulanqab to Beijing-Tianjin-Hebei Region</a> will connect additional grey, blue, and green hydrogen projects to Beijing by building a pipeline transportation network from <a href="/wiki/Inner_Mongolia" title="Inner Mongolia">Inner Mongolia</a> to Beijing.<sup id="cite_ref-annualGroup2023_20-4" class="reference"><a href="#cite_note-annualGroup2023-20"><span class="cite-bracket">&#91;</span>20<span class="cite-bracket">&#93;</span></a></sup><sup class="reference nowrap"><span title="Page / location: 7">&#58;&#8202;7&#8202;</span></sup><sup id="cite_ref-westeastpost_159-0" class="reference"><a href="#cite_note-westeastpost-159"><span class="cite-bracket">&#91;</span>159<span class="cite-bracket">&#93;</span></a></sup> Sinopec claims a lack of transportation infrastructure is one of the main barriers to hydrogen adoption.<sup id="cite_ref-westeastpost_159-1" class="reference"><a href="#cite_note-westeastpost-159"><span class="cite-bracket">&#91;</span>159<span class="cite-bracket">&#93;</span></a></sup> One such example is a 20,000 tonne per year green hydrogen wind farm built outside <a href="/wiki/Ordos_City" title="Ordos City">Ordos City</a> in 2023.<sup id="cite_ref-160" class="reference"><a href="#cite_note-160"><span class="cite-bracket">&#91;</span>160<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="Research_Institutions">Research Institutions</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Sinopec&amp;action=edit&amp;section=7" title="Edit section: Research Institutions"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Sinopec operates several research institutions.<sup id="cite_ref-review2000_9-2" class="reference"><a href="#cite_note-review2000-9"><span class="cite-bracket">&#91;</span>9<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-annualGroup2023_20-5" class="reference"><a href="#cite_note-annualGroup2023-20"><span class="cite-bracket">&#91;</span>20<span class="cite-bracket">&#93;</span></a></sup><sup class="reference nowrap"><span title="Page / location: 10">&#58;&#8202;10&#8202;</span></sup> It has operated the Research Institute for Petroleum Processing (RIPP) since before its IPO.<sup id="cite_ref-review2000_9-3" class="reference"><a href="#cite_note-review2000-9"><span class="cite-bracket">&#91;</span>9<span class="cite-bracket">&#93;</span></a></sup> The RIPP began operation in 1956 and continues to create new patents which Sinopec can leverage in its operations.<sup id="cite_ref-161" class="reference"><a href="#cite_note-161"><span class="cite-bracket">&#91;</span>161<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="See_also">See also</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Sinopec&amp;action=edit&amp;section=8" title="Edit section: See also"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <style data-mw-deduplicate="TemplateStyles:r1266661725">.mw-parser-output .portalbox{padding:0;margin:0.5em 0;display:table;box-sizing:border-box;max-width:175px;list-style:none}.mw-parser-output .portalborder{border:1px solid var(--border-color-base,#a2a9b1);padding:0.1em;background:var(--background-color-neutral-subtle,#f8f9fa)}.mw-parser-output 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srcset="//upload.wikimedia.org/wikipedia/commons/thumb/f/fa/Flag_of_the_People%27s_Republic_of_China.svg/48px-Flag_of_the_People%27s_Republic_of_China.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/f/fa/Flag_of_the_People%27s_Republic_of_China.svg/64px-Flag_of_the_People%27s_Republic_of_China.svg.png 2x" data-file-width="900" data-file-height="600" /></span></span></span><span class="portalbox-link"><a href="/wiki/Portal:China" title="Portal:China">China portal</a></span></li><li class="portalbox-entry"><span class="portalbox-image"><span class="noviewer" typeof="mw:File"><a href="/wiki/File:Crystal_energy.svg" class="mw-file-description"><img alt="icon" src="//upload.wikimedia.org/wikipedia/commons/thumb/1/14/Crystal_energy.svg/29px-Crystal_energy.svg.png" decoding="async" width="29" height="28" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/1/14/Crystal_energy.svg/44px-Crystal_energy.svg.png 1.5x, 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title="Chemical industry in China">Chemical industry in China</a></li></ul> <div class="mw-heading mw-heading2"><h2 id="References">References</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Sinopec&amp;action=edit&amp;section=9" title="Edit section: References"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <style data-mw-deduplicate="TemplateStyles:r1239543626">.mw-parser-output .reflist{margin-bottom:0.5em;list-style-type:decimal}@media screen{.mw-parser-output .reflist{font-size:90%}}.mw-parser-output .reflist .references{font-size:100%;margin-bottom:0;list-style-type:inherit}.mw-parser-output .reflist-columns-2{column-width:30em}.mw-parser-output .reflist-columns-3{column-width:25em}.mw-parser-output .reflist-columns{margin-top:0.3em}.mw-parser-output .reflist-columns ol{margin-top:0}.mw-parser-output .reflist-columns li{page-break-inside:avoid;break-inside:avoid-column}.mw-parser-output .reflist-upper-alpha{list-style-type:upper-alpha}.mw-parser-output .reflist-upper-roman{list-style-type:upper-roman}.mw-parser-output .reflist-lower-alpha{list-style-type:lower-alpha}.mw-parser-output .reflist-lower-greek{list-style-type:lower-greek}.mw-parser-output .reflist-lower-roman{list-style-type:lower-roman}</style><div class="reflist reflist-columns references-column-width" style="column-width: 30em;"> <ol class="references"> <li id="cite_note-1"><span class="mw-cite-backlink"><b><a href="#cite_ref-1">^</a></b></span> <span class="reference-text"><style data-mw-deduplicate="TemplateStyles:r1238218222">.mw-parser-output cite.citation{font-style:inherit;word-wrap:break-word}.mw-parser-output .citation q{quotes:"\"""\"""'""'"}.mw-parser-output .citation:target{background-color:rgba(0,127,255,0.133)}.mw-parser-output .id-lock-free.id-lock-free a{background:url("//upload.wikimedia.org/wikipedia/commons/6/65/Lock-green.svg")right 0.1em center/9px no-repeat}.mw-parser-output .id-lock-limited.id-lock-limited a,.mw-parser-output .id-lock-registration.id-lock-registration a{background:url("//upload.wikimedia.org/wikipedia/commons/d/d6/Lock-gray-alt-2.svg")right 0.1em center/9px no-repeat}.mw-parser-output .id-lock-subscription.id-lock-subscription a{background:url("//upload.wikimedia.org/wikipedia/commons/a/aa/Lock-red-alt-2.svg")right 0.1em center/9px no-repeat}.mw-parser-output .cs1-ws-icon a{background:url("//upload.wikimedia.org/wikipedia/commons/4/4c/Wikisource-logo.svg")right 0.1em center/12px no-repeat}body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-free a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-limited a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-registration a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-subscription a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .cs1-ws-icon a{background-size:contain;padding:0 1em 0 0}.mw-parser-output .cs1-code{color:inherit;background:inherit;border:none;padding:inherit}.mw-parser-output .cs1-hidden-error{display:none;color:var(--color-error,#d33)}.mw-parser-output .cs1-visible-error{color:var(--color-error,#d33)}.mw-parser-output .cs1-maint{display:none;color:#085;margin-left:0.3em}.mw-parser-output .cs1-kern-left{padding-left:0.2em}.mw-parser-output .cs1-kern-right{padding-right:0.2em}.mw-parser-output .citation .mw-selflink{font-weight:inherit}@media screen{.mw-parser-output .cs1-format{font-size:95%}html.skin-theme-clientpref-night .mw-parser-output .cs1-maint{color:#18911f}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .cs1-maint{color:#18911f}}</style><cite class="citation web cs1"><a rel="nofollow" class="external text" href="http://www.sinopec.com/listco/en/about_sinopec/our_company/board_of_directors/">"Board of Directors Sinopec Corp"</a>. <i>www.sinopec.com</i><span class="reference-accessdate">. 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Retrieved <span class="nowrap">28 March</span> 2023</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=unknown&amp;rft.jtitle=www.sinopec.com&amp;rft.atitle=2022+Annual+reports+and+accounts&amp;rft_id=http%3A%2F%2Fwww.sinopec.com%2Flistco%2Fen%2FResource%2FPdf%2F2023032580.pdf&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ASinopec" class="Z3988"></span></span> </li> <li id="cite_note-3"><span class="mw-cite-backlink"><b><a href="#cite_ref-3">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222" /><cite class="citation report cs1"><a rel="nofollow" class="external text" href="http://www.sinopec.com/listco/en/Resource/Pdf/2024032481.pdf">Annual Results for the Year Ended 31 December 2023</a> <span class="cs1-format">(PDF)</span>. <i>www.sinopec.com</i> (Report)<span class="reference-accessdate">. Retrieved <span class="nowrap">3 December</span> 2024</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&amp;rft.genre=report&amp;rft.btitle=Annual+Results+for+the+Year+Ended+31+December+2023&amp;rft_id=http%3A%2F%2Fwww.sinopec.com%2Flistco%2Fen%2FResource%2FPdf%2F2024032481.pdf&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ASinopec" class="Z3988"></span></span> </li> <li id="cite_note-4"><span class="mw-cite-backlink"><b><a href="#cite_ref-4">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222" /><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://www.statista.com/statistics/279952/sinopecs-crude-oil-production-volume-in-china/">"Sinopec's crude oil production 2023"</a>. <i>Statista</i><span class="reference-accessdate">. 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Retrieved <span class="nowrap">16 December</span> 2024</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=unknown&amp;rft.jtitle=ripp.sinopec.com&amp;rft.atitle=%E4%B8%AD%E5%9B%BD%E7%9F%B3%E5%8C%96%E7%9F%B3%E6%B2%B9%E5%8C%96%E5%B7%A5%E7%A7%91%E5%AD%A6%E7%A0%94%E7%A9%B6%E9%99%A2&amp;rft_id=http%3A%2F%2Fripp.sinopec.com%2Fripp%2Fen%2F&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3ASinopec" class="Z3988"></span></span> </li> </ol></div> <div class="mw-heading mw-heading2"><h2 id="External_links">External links</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Sinopec&amp;action=edit&amp;section=10" title="Edit section: External links"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <ul><li>Business data for Sinopec: <style data-mw-deduplicate="TemplateStyles:r1129693374">.mw-parser-output .hlist dl,.mw-parser-output .hlist ol,.mw-parser-output .hlist ul{margin:0;padding:0}.mw-parser-output .hlist dd,.mw-parser-output .hlist dt,.mw-parser-output .hlist li{margin:0;display:inline}.mw-parser-output .hlist.inline,.mw-parser-output .hlist.inline dl,.mw-parser-output .hlist.inline ol,.mw-parser-output .hlist.inline ul,.mw-parser-output .hlist dl dl,.mw-parser-output .hlist dl ol,.mw-parser-output .hlist dl ul,.mw-parser-output .hlist ol dl,.mw-parser-output .hlist ol ol,.mw-parser-output .hlist ol ul,.mw-parser-output .hlist ul dl,.mw-parser-output .hlist ul ol,.mw-parser-output .hlist ul ul{display:inline}.mw-parser-output .hlist .mw-empty-li{display:none}.mw-parser-output .hlist dt::after{content:": "}.mw-parser-output .hlist dd::after,.mw-parser-output .hlist li::after{content:" · ";font-weight:bold}.mw-parser-output .hlist dd:last-child::after,.mw-parser-output .hlist dt:last-child::after,.mw-parser-output .hlist li:last-child::after{content:none}.mw-parser-output .hlist dd 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href="https://commons.wikimedia.org/wiki/Category:China_Petroleum_and_Chemical_Corporation,_Sinopec" class="extiw" title="commons:Category:China Petroleum and Chemical Corporation, Sinopec">China Petroleum and Chemical Corporation, Sinopec</a></span>.</div></div> </div> <ul><li><span class="official-website"><span class="url"><a rel="nofollow" class="external text" href="http://www.sinopecgroup.com">Official website</a></span></span> <span class="mw-valign-text-top" typeof="mw:File/Frameless"><a href="https://www.wikidata.org/wiki/Q831445#P856" title="Edit this at Wikidata"><img alt="Edit this at Wikidata" src="//upload.wikimedia.org/wikipedia/en/thumb/8/8a/OOjs_UI_icon_edit-ltr-progressive.svg/10px-OOjs_UI_icon_edit-ltr-progressive.svg.png" decoding="async" width="10" height="10" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/en/thumb/8/8a/OOjs_UI_icon_edit-ltr-progressive.svg/15px-OOjs_UI_icon_edit-ltr-progressive.svg.png 1.5x, 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class="navbox-styles"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374" /><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1236075235" /></div><div role="navigation" class="navbox" aria-labelledby="23x15px&amp;#124;border_&amp;#124;alt=China&amp;#124;link=China_Oil_and_gas_in_China486" style="padding:3px"><table class="nowraplinks hlist mw-collapsible mw-collapsed navbox-inner" style="border-spacing:0;background:transparent;color:inherit"><tbody><tr><th scope="col" class="navbox-title" colspan="2"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374" /><style data-mw-deduplicate="TemplateStyles:r1239400231">.mw-parser-output .navbar{display:inline;font-size:88%;font-weight:normal}.mw-parser-output .navbar-collapse{float:left;text-align:left}.mw-parser-output .navbar-boxtext{word-spacing:0}.mw-parser-output .navbar ul{display:inline-block;white-space:nowrap;line-height:inherit}.mw-parser-output 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China"><abbr title="View this template">v</abbr></a></li><li class="nv-talk"><a href="/wiki/Template_talk:Oil_and_gas_companies_of_China" title="Template talk:Oil and gas companies of China"><abbr title="Discuss this template">t</abbr></a></li><li class="nv-edit"><a href="/wiki/Special:EditPage/Template:Oil_and_gas_companies_of_China" title="Special:EditPage/Template:Oil and gas companies of China"><abbr title="Edit this template">e</abbr></a></li></ul></div><div id="23x15px&amp;#124;border_&amp;#124;alt=China&amp;#124;link=China_Oil_and_gas_in_China486" style="font-size:114%;margin:0 4em"><span class="flagicon"><span class="mw-image-border" typeof="mw:File"><a href="/wiki/China" title="China"><img alt="China" src="//upload.wikimedia.org/wikipedia/commons/thumb/f/fa/Flag_of_the_People%27s_Republic_of_China.svg/23px-Flag_of_the_People%27s_Republic_of_China.svg.png" decoding="async" width="23" height="15" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/f/fa/Flag_of_the_People%27s_Republic_of_China.svg/35px-Flag_of_the_People%27s_Republic_of_China.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/f/fa/Flag_of_the_People%27s_Republic_of_China.svg/45px-Flag_of_the_People%27s_Republic_of_China.svg.png 2x" data-file-width="900" data-file-height="600" /></a></span></span> <a href="/wiki/Petroleum_industry_in_China" title="Petroleum industry in China">Oil</a> and <a href="/wiki/Natural_gas_in_China" title="Natural gas in China">gas</a> in China</div></th></tr><tr><td class="navbox-abovebelow" colspan="2"><div><a href="/wiki/Energy_policy_of_China" title="Energy policy of China">Energy in China</a></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Oil and gas majors<br />(<a href="/wiki/Upstream_(petroleum_industry)" title="Upstream (petroleum industry)">Upstream</a>/<a href="/wiki/Downstream_(petroleum_industry)" title="Downstream (petroleum industry)">Downstream</a>)</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">Big 3</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/China_National_Petroleum_Corporation" title="China National Petroleum Corporation">CNPC</a></li> <li><a href="/wiki/China_Petrochemical_Corporation" class="mw-redirect" title="China Petrochemical Corporation">Sinopec</a></li> <li><a href="/wiki/China_National_Offshore_Oil_Corporation" title="China National Offshore Oil Corporation">CNOOC</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Major listed arms</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/PetroChina" title="PetroChina">PetroChina</a> (CNPC)</li> <li><a href="/wiki/Kunlun_Energy" title="Kunlun Energy">Kunlun Energy</a> (CNPC)</li> <li><a class="mw-selflink selflink">China Petroleum &amp; Chemical Corporation</a> (Sinopec)</li> <li><a href="/wiki/CNOOC_Limited" title="CNOOC Limited">CNOOC Limited</a> (CNOOC)</li></ul> </div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Oil<br />(Upstream)</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/CITIC_Resources" title="CITIC Resources">CITIC Resources</a></li> <li><a href="/wiki/Geo-Jade_Petroleum" title="Geo-Jade Petroleum">Geo-Jade Petroleum</a></li> <li><a href="/wiki/Shaanxi_Yanchang_Petroleum" title="Shaanxi Yanchang Petroleum">Shaanxi Yanchang Petroleum</a></li> <li><a href="/wiki/Shandong_Energy" title="Shandong Energy">Shandong Energy</a></li> <li><a href="/wiki/Emerald_Energy" title="Emerald Energy">Emerald Energy</a> <ul><li><a href="/wiki/Sinochem_Group" class="mw-redirect" title="Sinochem Group">Sinochem</a></li></ul></li> <li><a href="/wiki/United_Energy_Group" title="United Energy Group">United Energy Group</a></li> <li><a href="/wiki/Zhenhua_Oil" title="Zhenhua Oil">Zhenhua Oil</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Natural gas</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">Upstream</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/GCL-Poly" title="GCL-Poly">GCL-Poly</a></li> <li><a href="/wiki/Shell_plc#China" title="Shell plc">Shell China</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Coalbed_methane" title="Coalbed methane">Coalbed methane</a></th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/China_United_Coalbed_Methane" title="China United Coalbed Methane">China United Coalbed Methane</a> (CNOOC)</li> <li><a href="/wiki/PetroChina_Coalbed_Methane" class="mw-redirect" title="PetroChina Coalbed Methane">PetroChina Coalbed Methane</a> (CNPC)</li> <li><a href="/wiki/Shanxi_Blue_Flame_Coalbed_Methane_Group" class="mw-redirect" title="Shanxi Blue Flame Coalbed Methane Group">Shanxi Blue Flame Coalbed Methane Group</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Downstream</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/China_Natural_Gas" title="China Natural Gas">China Natural Gas</a></li> <li><a href="/wiki/ENN_Group" title="ENN Group">ENN Group</a></li> <li><a href="/wiki/Shenergy_Group" title="Shenergy Group">Shenergy</a></li> <li><a href="/wiki/Towngas_China" title="Towngas China">Towngas China</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Drilling services</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">Rig operators</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/China_Oilfield_Services" title="China Oilfield Services">China Oilfield Services</a> (CNOOC)</li> <li><a href="/wiki/Great_Wall_Drilling_Company" class="mw-redirect" title="Great Wall Drilling Company">Great Wall Drilling Company</a> (CNPC)</li> <li><a href="/wiki/ZPEB" title="ZPEB">ZPEB</a> (Sinopec)</li> <li><a href="/wiki/ZPEC" class="mw-redirect" title="ZPEC">ZPEC</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Drilling equipment</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Jereh_Group" title="Jereh Group">Jereh Group</a></li> <li><a href="/wiki/Kerui_Petroleum" title="Kerui Petroleum">Kerui Petroleum</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">EPC</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/China_Petroleum_Pipeline_Engineering" title="China Petroleum Pipeline Engineering">China Petroleum Pipeline Engineering</a> (CNPC)</li> <li><a href="/wiki/China_Huanqiu_Contracting_%26_Engineering_Corporation" title="China Huanqiu Contracting &amp; Engineering Corporation">China Huanqiu Contracting &amp; Engineering Corporation</a> (CNPC)</li> <li><a href="/wiki/China_Petroleum_Engineering_and_Construction_Corporation" title="China Petroleum Engineering and Construction Corporation">China Petroleum Engineering and Construction Corporation</a> (CNPC)</li> <li><a href="/wiki/Kerui_Petroleum" title="Kerui Petroleum">Kerui Petroleum</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Refineries</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/ChemChina" title="ChemChina">ChemChina</a></li> <li><a href="/wiki/Fushun_Petrochemical_Company" title="Fushun Petrochemical Company">Fushun Petrochemical Company</a> (CNPC)</li> <li><a href="/wiki/Shanghai_Petrochemical" title="Shanghai Petrochemical">Shanghai Petrochemical</a> (Sinopec)</li> <li><a href="/wiki/Sinochem" title="Sinochem">Sinochem</a></li></ul> </div></td></tr><tr><td class="navbox-abovebelow" colspan="2"><div> <ul><li><a href="/wiki/Economy_of_China" title="Economy of China">Economy of China</a></li> <li><a href="/wiki/Category:Companies_of_China" title="Category:Companies of China">Companies of China</a></li></ul> </div></td></tr></tbody></table></div> <div class="navbox-styles"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374" /><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1236075235" /></div><div role="navigation" class="navbox" aria-labelledby="Petroleum_industry431" style="padding:3px"><table class="nowraplinks hlist mw-collapsible mw-collapsed navbox-inner" style="border-spacing:0;background:transparent;color:inherit"><tbody><tr><th scope="col" class="navbox-title" colspan="2"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374" /><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1239400231" /><div class="navbar plainlinks hlist navbar-mini"><ul><li class="nv-view"><a href="/wiki/Template:Petroleum_industry" title="Template:Petroleum industry"><abbr title="View this template">v</abbr></a></li><li class="nv-talk"><a href="/wiki/Template_talk:Petroleum_industry" title="Template talk:Petroleum industry"><abbr title="Discuss this template">t</abbr></a></li><li class="nv-edit"><a href="/wiki/Special:EditPage/Template:Petroleum_industry" title="Special:EditPage/Template:Petroleum industry"><abbr title="Edit this template">e</abbr></a></li></ul></div><div id="Petroleum_industry431" style="font-size:114%;margin:0 4em"><a href="/wiki/Petroleum_industry" title="Petroleum industry">Petroleum industry</a></div></th></tr><tr><td class="navbox-abovebelow" colspan="2"><div> <ul><li><a href="/wiki/Petroleum" title="Petroleum">Petroleum</a></li> <li><a href="/wiki/Primary_energy" title="Primary energy">Primary energy</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%;text-align:left;"><a href="/wiki/Benchmark_(crude_oil)" title="Benchmark (crude oil)">Benchmarks</a></th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Argus_Sour_Crude_Index" title="Argus Sour Crude Index">Argus Sour</a></li> <li><a href="/wiki/Bonny_Light_oil" title="Bonny Light oil">Bonny Light</a></li> <li><a href="/wiki/Brent_Crude" title="Brent Crude">Brent</a></li> <li><a href="/wiki/Dubai_Crude" title="Dubai Crude">Dubai</a></li> <li><a href="/wiki/Indian_Basket" title="Indian Basket">Indian Basket</a></li> <li><a href="/wiki/Indonesian_Crude_Price" title="Indonesian Crude Price">Indonesian</a></li> <li><a href="/wiki/Isthmus-34_Light" title="Isthmus-34 Light">Isthmus-34 Light</a></li> <li><a href="/wiki/Japan_Crude_Cocktail" title="Japan Crude Cocktail">Japan Cocktail</a></li> <li><a href="/wiki/OPEC_Reference_Basket" title="OPEC Reference Basket">OPEC Reference Basket</a></li> <li><a href="/wiki/Tapis_crude" title="Tapis crude">Tapis</a></li> <li><a href="/wiki/Urals_oil" title="Urals oil">Urals</a></li> <li><a href="/wiki/West_Texas_Intermediate" title="West Texas Intermediate">West Texas Intermediate</a></li> <li><a href="/wiki/Western_Canadian_Select" title="Western Canadian Select">Western Canadian Select</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%;text-align:left;">Data</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%;text-align:left; font-weight:normal;">Natural gas</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/List_of_countries_by_natural_gas_consumption" title="List of countries by natural gas consumption">Consumption</a></li> <li><a href="/wiki/List_of_countries_by_natural_gas_production" title="List of countries by natural gas production">Production</a></li> <li><a href="/wiki/List_of_countries_by_natural_gas_proven_reserves" title="List of countries by natural gas proven reserves">Reserves</a></li> <li><a href="/wiki/List_of_countries_by_natural_gas_imports" title="List of countries by natural gas imports">Imports</a></li> <li><a href="/wiki/List_of_countries_by_natural_gas_exports" title="List of countries by natural gas exports">Exports</a></li> <li><a href="/wiki/Natural_gas_prices" title="Natural gas prices">Price</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%;text-align:left; font-weight:normal;">Petroleum</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/List_of_countries_by_oil_consumption" title="List of countries by oil consumption">Consumption</a></li> <li><a href="/wiki/List_of_countries_by_oil_production" title="List of countries by oil production">Production</a></li> <li><a href="/wiki/List_of_countries_by_proven_oil_reserves" title="List of countries by proven oil reserves">Reserves</a></li> <li><a href="/wiki/List_of_countries_by_oil_imports" title="List of countries by oil imports">Imports</a></li> <li><a href="/wiki/List_of_countries_by_oil_exports" title="List of countries by oil exports">Exports</a></li> <li><a href="/wiki/Posted_oil_price" title="Posted oil price">Posted oil price</a></li> <li><a href="/wiki/Price_of_oil" title="Price of oil">Price</a> <ul><li><a href="/wiki/Gasoline_and_diesel_usage_and_pricing" title="Gasoline and diesel usage and pricing">of gasoline and diesel</a></li></ul></li></ul> </div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%;text-align:left;"><a href="/wiki/Hydrocarbon_exploration" title="Hydrocarbon exploration">Exploration</a></th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Core_sample" title="Core sample">Core sampling</a></li> <li><a href="/wiki/Exploration_geophysics" title="Exploration geophysics">Geophysics</a></li> <li><a href="/wiki/Integrated_asset_modelling" title="Integrated asset modelling">Integrated asset modelling</a></li> <li><a href="/wiki/Petroleum_engineering" title="Petroleum engineering">Petroleum engineering</a> <ul><li><a href="/wiki/Reservoir_simulation" title="Reservoir simulation">Reservoir simulation</a></li> <li><a href="/wiki/Reservoir_modeling" title="Reservoir modeling">Reservoir modeling</a></li></ul></li> <li><a href="/wiki/Petroleum_geology" title="Petroleum geology">Petroleum geology</a></li> <li><a href="/wiki/Petrophysics" title="Petrophysics">Petrophysics</a></li> <li><a href="/wiki/Reflection_seismology" title="Reflection seismology">Reflection seismology</a> <ul><li><a href="/wiki/Seismic_inversion" title="Seismic inversion">Seismic inversion</a></li></ul></li> <li><a href="/wiki/Seismic_source" title="Seismic source">Seismic source</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%;text-align:left;"><a href="/wiki/Oil_well" title="Oil well">Drilling</a></th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Blowout_(well_drilling)" title="Blowout (well drilling)">Blowout</a></li> <li><a href="/wiki/Completion_(oil_and_gas_wells)" title="Completion (oil and gas wells)">Completion</a> <ul><li><a href="/wiki/Squeeze_job" title="Squeeze job">Squeeze job</a></li></ul></li> <li><a href="/wiki/Differential_sticking" title="Differential sticking">Differential sticking</a></li> <li><a href="/wiki/Directional_drilling" title="Directional drilling">Directional drilling</a> <ul><li><a href="/wiki/Geosteering" title="Geosteering">Geosteering</a></li></ul></li> <li><a href="/wiki/Drill_stem_test" title="Drill stem test">Drill stem test</a></li> <li><a href="/wiki/Drilling_engineering" title="Drilling engineering">Drilling engineering</a></li> <li><a href="/wiki/Drilling_fluid" title="Drilling fluid">Drilling fluid</a> <ul><li><a href="/wiki/Drilling_fluid_invasion" title="Drilling fluid invasion">invasion</a></li></ul></li> <li><a href="/wiki/Lost_circulation" title="Lost circulation">Lost circulation</a></li> <li><a href="/wiki/Measurement_while_drilling" title="Measurement while drilling">Measurement</a></li> <li><a href="/wiki/Shale_oil_extraction" title="Shale oil extraction">Shale oil extraction</a> <ul><li><a href="/wiki/Fredrik_Ljungstr%C3%B6m#Shale_oil_extraction" title="Fredrik Ljungström">Ljungström method</a></li></ul></li> <li><a href="/wiki/Tracer_use_in_the_oil_industry" title="Tracer use in the oil industry">Tracers</a></li> <li><a href="/wiki/Underbalanced_drilling" title="Underbalanced drilling">Underbalanced drilling</a></li> <li><a href="/wiki/Well_logging" title="Well logging">Well logging</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%;text-align:left;"><a href="/wiki/Extraction_of_petroleum" title="Extraction of petroleum">Production</a></th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Petroleum_fiscal_regime" title="Petroleum fiscal regime">Petroleum fiscal regime</a> <ul><li><a href="/wiki/Petroleum_licensing" title="Petroleum licensing">Concessions</a></li> <li><a href="/wiki/Production_sharing_agreement" title="Production sharing agreement">Production sharing agreements</a></li></ul></li> <li><a href="/wiki/Artificial_lift" title="Artificial lift">Artificial lift</a> <ul><li><a href="/wiki/Gas_lift" title="Gas lift">Gas lift</a></li> <li><a href="/wiki/Pumpjack" title="Pumpjack">Pumpjack</a></li> <li><a href="/wiki/Submersible_pump" title="Submersible pump">Submersible pump (ESP)</a></li></ul></li> <li><a href="/wiki/Downstream_(petroleum_industry)" title="Downstream (petroleum industry)">Downstream</a></li> <li><a href="/wiki/Enhanced_oil_recovery" title="Enhanced oil recovery">Enhanced oil recovery (EOR)</a> <ul><li><a href="/wiki/Gas_reinjection" title="Gas reinjection">Gas reinjection</a></li> <li><a href="/wiki/Steam_injection_(oil_industry)" title="Steam injection (oil industry)">Steam injection</a></li></ul></li> <li><a href="/wiki/Midstream" title="Midstream">Midstream</a></li> <li><a href="/wiki/Petroleum_product" title="Petroleum product">Petroleum product</a></li> <li><a href="/wiki/Pipeline" title="Pipeline">Pipeline</a></li> <li><a href="/wiki/Oil_refinery" title="Oil refinery">Refining</a></li> <li><a href="/wiki/Upstream_(petroleum_industry)" title="Upstream (petroleum industry)">Upstream</a></li> <li><a href="/wiki/Water_injection_(oil_production)" title="Water injection (oil production)">Water injection</a></li> <li><a href="/wiki/Well_intervention" title="Well intervention">Well intervention</a></li> <li><a href="/wiki/Christmas_tree_(oil_well)" title="Christmas tree (oil well)">XT</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%;text-align:left;"><a href="/wiki/History_of_the_petroleum_industry" title="History of the petroleum industry">History</a></th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/1967_Oil_Embargo" title="1967 Oil Embargo">1967 Oil Embargo</a></li> <li><a href="/wiki/1973_oil_crisis" title="1973 oil crisis">1973 oil crisis</a></li> <li><a href="/wiki/1979_oil_crisis" title="1979 oil crisis">1979 oil crisis</a></li> <li><a href="/wiki/1980s_oil_glut" title="1980s oil glut">1980s oil glut</a></li> <li><a href="/wiki/1990_oil_price_shock" title="1990 oil price shock">1990 oil price shock</a></li> <li><a href="/wiki/2000s_energy_crisis" title="2000s energy crisis">2000s energy crisis</a></li> <li><a href="/wiki/2010s_oil_glut" title="2010s oil glut">2010s oil glut</a></li> <li><a href="/wiki/2020_Russia%E2%80%93Saudi_Arabia_oil_price_war" title="2020 Russia–Saudi Arabia oil price war">2020 Russia–Saudi Arabia oil price war</a></li> <li><a href="/wiki/Nationalization_of_oil_supplies" title="Nationalization of oil supplies">Nationalization</a></li> <li><a href="/wiki/Gas_Exporting_Countries_Forum" title="Gas Exporting Countries Forum">GECF</a></li> <li><a href="/wiki/OPEC" title="OPEC">OPEC</a></li> <li><a href="/wiki/Seven_Sisters_(oil_companies)" class="mw-redirect" title="Seven Sisters (oil companies)">Seven Sisters</a></li> <li><a href="/wiki/Standard_Oil" title="Standard Oil">Standard Oil</a></li> <li><a href="/wiki/History_of_the_petroleum_industry_in_Canada" title="History of the petroleum industry in Canada">Canada</a></li> <li><a href="/wiki/History_of_the_petroleum_industry_in_France" title="History of the petroleum industry in France">France</a></li> <li><a href="/wiki/History_of_the_oil_industry_in_India" title="History of the oil industry in India">India</a></li> <li><a href="/wiki/Petroleum_industry_in_Iraq" title="Petroleum industry in Iraq">Iraq</a></li> <li><a href="/wiki/History_of_the_petroleum_industry_in_Norway" title="History of the petroleum industry in Norway">Norway</a></li> <li><a href="/wiki/History_of_the_oil_industry_in_Saudi_Arabia" title="History of the oil industry in Saudi Arabia">Saudi Arabia</a></li> <li><a href="/wiki/History_of_the_petroleum_industry_in_the_United_States" title="History of the petroleum industry in the United States">United States</a></li> <li><a href="/wiki/History_of_the_Venezuelan_oil_industry" title="History of the Venezuelan oil industry">Venezuela</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%;text-align:left;">Provinces<br />and fields</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/List_of_natural_gas_fields" title="List of natural gas fields">List of natural gas fields</a></li> <li><a href="/wiki/List_of_oil_fields" title="List of oil fields">List of oil fields</a></li> <li><a href="/wiki/Caspian_Sea" title="Caspian Sea">Caspian Sea</a></li> <li><a href="/wiki/East_Midlands_Oil_Province" title="East Midlands Oil Province">East Midlands Oil Province</a></li> <li><a href="/wiki/East_Texas_Oil_Field" title="East Texas Oil Field">East Texas</a></li> <li><a href="/wiki/Gulf_of_Mexico" title="Gulf of Mexico">Gulf of Mexico</a></li> <li><a href="/wiki/Niger_Delta#Nigerian_oil" title="Niger Delta">Niger Delta</a></li> <li><a href="/wiki/North_Sea_oil" title="North Sea oil">North Sea</a></li> <li><a href="/wiki/Permian_Basin_(North_America)" title="Permian Basin (North America)">Permian Basin</a></li> <li><a href="/wiki/Persian_Gulf" title="Persian Gulf">Persian Gulf</a></li> <li><a href="/wiki/Prudhoe_Bay_Oil_Field" title="Prudhoe Bay Oil Field">Prudhoe Bay</a></li> <li><a href="/wiki/Oil_reserves_in_Russia" title="Oil reserves in Russia">Russia</a></li> <li><a href="/wiki/Oil_reserves_in_Venezuela" title="Oil reserves in Venezuela">Venezuela</a></li> <li><a href="/wiki/Western_Canadian_Sedimentary_Basin" class="mw-redirect" title="Western Canadian Sedimentary Basin">Western Canadian Sedimentary Basin</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%;text-align:left;">Other topics</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/List_of_abbreviations_in_oil_and_gas_exploration_and_production" title="List of abbreviations in oil and gas exploration and production">Abbreviations</a></li> <li>Classification <ul><li><a href="/wiki/Sweet_crude_oil" title="Sweet crude oil">sweet oil</a></li> <li><a href="/wiki/Sour_crude_oil" title="Sour crude oil">sour oil</a></li></ul></li> <li><a href="/wiki/Oil_shale_gas" title="Oil shale gas">Oil shale gas</a></li> <li><a href="/wiki/Orphan_wells" title="Orphan wells">Orphan wells</a></li> <li><a href="/wiki/Peak_oil" title="Peak oil">Peak oil</a> <ul><li><a href="/wiki/Fossil_fuel_phase-out" title="Fossil fuel phase-out">fossil fuel phase-out</a></li> <li><a href="/wiki/Predicting_the_timing_of_peak_oil" title="Predicting the timing of peak oil">timing</a></li></ul></li> <li><a href="/wiki/Petrocurrency" title="Petrocurrency">Petrocurrency</a></li> <li><a href="/wiki/Petrodollar_recycling" title="Petrodollar recycling">Petrodollar recycling</a></li> <li><a href="/wiki/Petrofiction" title="Petrofiction">Petrofiction</a></li> <li><a href="/wiki/Shale_band" title="Shale band">Shale band</a></li> <li><a href="/wiki/Shale_gas" title="Shale gas">Shale gas</a></li> <li><a href="/wiki/Swing_producer" title="Swing producer">Swing producer</a></li> <li><a href="/wiki/Unconventional_(oil_and_gas)_reservoir" title="Unconventional (oil and gas) reservoir">Unconventional (oil and gas) reservoir</a> <ul><li><a href="/wiki/Heavy_crude_oil" title="Heavy crude oil">heavy crude</a></li> <li><a href="/wiki/Oil_sands" title="Oil sands">oil sands</a></li> <li><a href="/wiki/Oil_shale" title="Oil shale">oil shale</a></li> <li><a href="/wiki/Tight_oil" title="Tight oil">tight oil</a></li></ul></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%;text-align:left;">Companies and<br />organisations</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%;text-align:left;"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;">Major<br /><a href="/wiki/List_of_oil_exploration_and_production_companies" title="List of oil exploration and production companies">petroleum<br />companies</a></div></th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%;text-align:left; font-weight:normal;"><a href="/wiki/Big_Oil" title="Big Oil">Supermajors</a></th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/BP" title="BP">BP</a></li> <li><a href="/wiki/Chevron_Corporation" title="Chevron Corporation">Chevron</a></li> <li><a href="/wiki/Eni" title="Eni">Eni</a></li> <li><a href="/wiki/ExxonMobil" title="ExxonMobil">ExxonMobil</a></li> <li><a href="/wiki/Shell_plc" title="Shell plc">Shell</a></li> <li><a href="/wiki/TotalEnergies" title="TotalEnergies">TotalEnergies</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%;text-align:left; font-weight:normal;"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;"><a href="/wiki/National_oil_company" title="National oil company">National oil<br />companies</a></div></th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Abu_Dhabi_National_Oil_Company" title="Abu Dhabi National Oil Company">Abu Dhabi National Oil Company</a></li> <li><a href="/wiki/ANCAP_(Uruguay)" title="ANCAP (Uruguay)">ANCAP</a></li> <li><a href="/wiki/Bharat_Petroleum" title="Bharat Petroleum">Bharat Petroleum</a></li> <li><a href="/wiki/China_National_Offshore_Oil_Corporation" title="China National Offshore Oil Corporation">China National Offshore Oil Corporation</a></li> <li><a href="/wiki/China_National_Petroleum_Corporation" title="China National Petroleum Corporation">China National Petroleum Corporation</a></li> <li><a href="/wiki/Ecopetrol" title="Ecopetrol">Ecopetrol</a></li> <li><a href="/wiki/Equinor" title="Equinor">Equinor</a></li> <li><a href="/wiki/Gazprom" title="Gazprom">Gazprom</a></li> <li><a href="/wiki/Hindustan_Petroleum" title="Hindustan Petroleum">Hindustan Petroleum</a></li> <li><a href="/wiki/Indian_Oil_Corporation" title="Indian Oil Corporation">Indian Oil Corporation</a></li> <li><a href="/wiki/Iraq_National_Oil_Company" title="Iraq National Oil Company">Iraq National Oil Company</a></li> <li><a href="/wiki/KazMunayGas" title="KazMunayGas">KazMunayGas</a></li> <li><a href="/wiki/Kuwait_Petroleum_Corporation" title="Kuwait Petroleum Corporation">Kuwait Petroleum Corporation</a></li> <li><a href="/wiki/Grupa_Lotos" title="Grupa Lotos">Lotos</a></li> <li><a href="/wiki/Naftogaz" title="Naftogaz">Naftogaz</a></li> <li><a href="/wiki/National_Iranian_Oil_Company" title="National Iranian Oil Company">National Iranian Oil Company</a></li> <li><a href="/wiki/National_Iranian_South_Oil_Company" title="National Iranian South Oil Company">National Iranian South Oil Company</a></li> <li><a href="/wiki/NNPC_Limited" title="NNPC Limited">NNPC Limited</a></li> <li><a href="/wiki/Oil_%26_Gas_Development_Company" title="Oil &amp; Gas Development Company">Oil &amp; Gas Development Company</a></li> <li><a href="/wiki/Oil_and_Natural_Gas_Corporation" title="Oil and Natural Gas Corporation">Oil and Natural Gas Corporation</a></li> <li><a href="/wiki/Orlen" title="Orlen">Orlen</a></li> <li><a href="/wiki/PDVSA" title="PDVSA">PDVSA</a></li> <li><a href="/wiki/Pemex" title="Pemex">Pemex</a></li> <li><a href="/wiki/Pertamina" title="Pertamina">Pertamina</a></li> <li><a href="/wiki/Petrobangla" title="Petrobangla">Petrobangla</a></li> <li><a href="/wiki/Petrobras" title="Petrobras">Petrobras</a></li> <li><a href="/wiki/PetroChina" title="PetroChina">PetroChina</a></li> <li><a href="/wiki/Petronas" title="Petronas">Petronas</a></li> <li><a href="/wiki/Petrovietnam" title="Petrovietnam">Petrovietnam</a></li> <li><a href="/wiki/PTT_Public_Company_Limited" title="PTT Public Company Limited">PTT Public Company Limited</a></li> <li><a href="/wiki/QatarEnergy" title="QatarEnergy">QatarEnergy</a></li> <li><a href="/wiki/Rosneft" title="Rosneft">Rosneft</a></li> <li><a href="/wiki/Saudi_Aramco" title="Saudi Aramco">Saudi Aramco</a></li> <li><a class="mw-selflink selflink">Sinopec</a></li> <li><a href="/wiki/SOCAR" title="SOCAR">SOCAR</a></li> <li><a href="/wiki/Sonangol_Group" title="Sonangol Group">Sonangol</a></li> <li><a href="/wiki/Sonatrach" title="Sonatrach">Sonatrach</a></li> <li><a href="/wiki/TPAO" title="TPAO">TPAO</a></li> <li><a href="/wiki/YPF" title="YPF">YPF</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%;text-align:left; font-weight:normal;"><a href="/wiki/Energy_trading" class="mw-redirect" title="Energy trading">Energy trading</a></th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Enron" title="Enron">Enron</a></li> <li><a href="/wiki/Glencore" title="Glencore">Glencore</a></li> <li><a href="/wiki/Gunvor" title="Gunvor">Gunvor</a></li> <li><a href="/wiki/Mercuria" title="Mercuria">Mercuria</a></li> <li><a href="/wiki/Naftiran_Intertrade" title="Naftiran Intertrade">Naftiran Intertrade</a></li> <li><a href="/wiki/Trafigura" title="Trafigura">Trafigura</a></li> <li><a href="/wiki/Vitol" title="Vitol">Vitol</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%;text-align:left; font-weight:normal;">Others</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/APA_Corporation" title="APA Corporation">APA Corporation</a></li> <li><a href="/wiki/Cenovus_Energy" title="Cenovus Energy">Cenovus Energy</a></li> <li><a href="/wiki/Cepsa" title="Cepsa">Cepsa</a></li> <li><a href="/wiki/ConocoPhillips" title="ConocoPhillips">ConocoPhillips</a></li> <li><a href="/wiki/Devon_Energy" title="Devon Energy">Devon Energy</a></li> <li><a href="/wiki/Eneos_Holdings" title="Eneos Holdings">Eneos Holdings</a></li> <li><a href="/wiki/Galp_Energia" title="Galp Energia">Galp Energia</a></li> <li><a href="/wiki/Hess_Corporation" title="Hess Corporation">Hess Corporation</a></li> <li><a href="/wiki/Husky_Energy" title="Husky Energy">Husky Energy</a></li> <li><a href="/wiki/Imperial_Oil" title="Imperial Oil">Imperial Oil</a></li> <li><a href="/wiki/Lukoil" title="Lukoil">Lukoil</a></li> <li><a href="/wiki/Marathon_Oil" title="Marathon Oil">Marathon Oil</a></li> <li><a href="/wiki/Marathon_Petroleum" title="Marathon Petroleum">Marathon Petroleum</a></li> <li><a href="/wiki/Occidental_Petroleum" title="Occidental Petroleum">Occidental Petroleum</a></li> <li><a href="/wiki/OMV" title="OMV">OMV</a></li> <li><a href="/wiki/Phillips_66" title="Phillips 66">Phillips 66</a></li> <li><a href="/wiki/Port_Harcourt_Refining_Company" title="Port Harcourt Refining Company">Port Harcourt Refining Company</a></li> <li><a href="/wiki/Reliance_Industries" title="Reliance Industries">Reliance Industries</a></li> <li><a href="/wiki/Repsol" title="Repsol">Repsol</a></li> <li><a href="/wiki/Suncor_Energy" title="Suncor Energy">Suncor Energy</a></li> <li><a href="/wiki/Sunoco" title="Sunoco">Sunoco</a></li> <li><a href="/wiki/Surgutneftegas" title="Surgutneftegas">Surgutneftegas</a></li> <li><a href="/wiki/TechnipFMC" title="TechnipFMC">TechnipFMC</a></li> <li><a href="/wiki/TNK-BP" title="TNK-BP">TNK-BP</a></li> <li><a href="/wiki/Tullow_Oil" title="Tullow Oil">Tullow Oil</a></li> <li><a href="/wiki/T%C3%BCpra%C5%9F" title="Tüpraş">Tüpraş</a></li> <li><a href="/wiki/Valero_Energy" title="Valero Energy">Valero Energy</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%;text-align:left;"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;">Major<br /><a href="/wiki/List_of_oilfield_service_companies" title="List of oilfield service companies">services<br />companies</a></div></th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Amec_Foster_Wheeler" title="Amec Foster Wheeler">Amec Foster Wheeler</a></li> <li><a href="/wiki/Baker_Hughes" title="Baker Hughes">Baker Hughes</a></li> <li><a href="/wiki/Cameron_International" title="Cameron International">Cameron International</a></li> <li><a href="/wiki/CGG_(company)" class="mw-redirect" title="CGG (company)">CGG</a></li> <li><a href="/wiki/CH2M" title="CH2M">CH2M</a></li> <li><a href="/wiki/Chicago_Bridge_%26_Iron_Company" title="Chicago Bridge &amp; Iron Company">Chicago Bridge &amp; Iron Company</a></li> <li><a href="/wiki/China_Oilfield_Services" title="China Oilfield Services">China Oilfield Services</a></li> <li><a href="/wiki/Enbridge" title="Enbridge">Enbridge</a></li> <li><a href="/wiki/GE_Power" title="GE Power">GE Power</a></li> <li><a href="/wiki/Halliburton" title="Halliburton">Halliburton</a></li> <li><a href="/wiki/Nabors_Industries" title="Nabors Industries">Nabors Industries</a></li> <li><a href="/wiki/Naftiran_Intertrade" title="Naftiran Intertrade">Naftiran Intertrade</a></li> <li><a href="/wiki/NOV_Inc." title="NOV Inc.">NOV Inc.</a></li> <li><a href="/wiki/Petrofac" title="Petrofac">Petrofac</a></li> <li><a href="/wiki/Saipem" title="Saipem">Saipem</a></li> <li><a href="/wiki/Schlumberger" title="Schlumberger">Schlumberger</a></li> <li><a href="/wiki/Snam" title="Snam">Snam</a></li> <li><a href="/wiki/Subsea_7" title="Subsea 7">Subsea 7</a></li> <li><a href="/wiki/TC_Energy" title="TC Energy">TC Energy</a></li> <li><a href="/wiki/Transocean" title="Transocean">Transocean</a></li> <li><a href="/wiki/Valaris_Limited" title="Valaris Limited">Valaris Limited</a></li> <li><a href="/wiki/Weatherford_International" title="Weatherford International">Weatherford International</a></li> <li><a href="/wiki/John_Wood_Group" title="John Wood Group">John Wood Group</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%;text-align:left;">Others</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/American_Petroleum_Institute" title="American Petroleum Institute">American Petroleum Institute</a></li> <li><a href="/wiki/Canadian_petroleum_companies" class="mw-redirect" title="Canadian petroleum companies">Canadian petroleum companies</a></li> <li><a href="/wiki/Intercontinental_Exchange_Futures" title="Intercontinental Exchange Futures">Intercontinental Exchange Futures</a></li> <li><a href="/wiki/International_Association_of_Oil_%26_Gas_Producers" title="International Association of Oil &amp; Gas Producers">International Association of Oil &amp; Gas Producers</a></li> <li><a href="/wiki/International_Energy_Agency" title="International Energy Agency">International Energy Agency</a></li> <li><a href="/wiki/Society_of_Petroleum_Engineers" title="Society of Petroleum Engineers">Society of Petroleum Engineers</a></li> <li><a href="/wiki/World_Petroleum_Council" class="mw-redirect" title="World Petroleum Council">World Petroleum Council</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr><tr><td class="navbox-abovebelow" colspan="2" style="font-weight:bold;"><div> <ul><li><span class="noviewer" typeof="mw:File"><span title="Category"><img alt="" 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style="padding:3px"><table class="nowraplinks mw-collapsible autocollapse navbox-inner" style="border-spacing:0;background:transparent;color:inherit"><tbody><tr><th scope="col" class="navbox-title" colspan="2"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374" /><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1239400231" /><div class="navbar plainlinks hlist navbar-mini"><ul><li class="nv-view"><a href="/wiki/Template:SSE_50_companies" title="Template:SSE 50 companies"><abbr title="View this template">v</abbr></a></li><li class="nv-talk"><a href="/wiki/Template_talk:SSE_50_companies" title="Template talk:SSE 50 companies"><abbr title="Discuss this template">t</abbr></a></li><li class="nv-edit"><a href="/wiki/Special:EditPage/Template:SSE_50_companies" title="Special:EditPage/Template:SSE 50 companies"><abbr title="Edit this template">e</abbr></a></li></ul></div><div 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&amp; Chemical</a></li> <li><a href="/wiki/CSC_Financial" title="CSC Financial">China Securities</a></li> <li><a href="/wiki/China_Shenhua_Energy" title="China Shenhua Energy">China Shenhua Energy</a></li> <li><a href="/wiki/China_State_Construction_Engineering" title="China State Construction Engineering">China State Construction Engineering</a></li> <li><a href="/wiki/China_Tourism_Group" class="mw-redirect" title="China Tourism Group">China Tourism Group</a></li> <li><a href="/wiki/China_Yangtze_Power" title="China Yangtze Power">China Yangtze Power</a></li> <li><a href="/wiki/CITIC_Securities" title="CITIC Securities">CITIC Securities</a></li> <li><a href="/wiki/CATL" title="CATL">Contemporary Amperex Technology</a></li> <li><a href="/wiki/East_Money_Information" class="mw-redirect" title="East Money Information">East Money Information</a></li> <li><a href="/wiki/Foshan_Haitian_Flavouring_and_Food" class="mw-redirect" title="Foshan Haitian Flavouring and Food">Foshan Haitian 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title="PetroChina">PetroChina</a></li> <li><a href="/wiki/Ping_An_Bank" title="Ping An Bank">Ping An Bank</a></li> <li><a href="/wiki/Ping_An_Insurance" title="Ping An Insurance">Ping An Insurance</a></li> <li><a href="/wiki/Postal_Savings_Bank_of_China" title="Postal Savings Bank of China">Postal Savings Bank of China</a></li> <li><a href="/wiki/SF_Express" title="SF Express">S.F. 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href="/wiki/China_Life_Insurance_Company" title="China Life Insurance Company">China Life Insurance Company</a></li> <li><a href="/wiki/China_Merchants_Bank" title="China Merchants Bank">China Merchants Bank</a></li> <li><a href="/wiki/China_Mobile" title="China Mobile">China Mobile</a></li> <li><a href="/wiki/China_Overseas_Land_and_Investment" title="China Overseas Land and Investment">China Overseas Land and Investment</a></li> <li><a href="/wiki/China_Pacific_Insurance_Company" title="China Pacific Insurance Company">China Pacific Insurance Company</a></li> <li><a href="/wiki/China_Resources_Beer" title="China Resources Beer">China Resources Beer</a></li> <li><a href="/wiki/China_Resources_Land" title="China Resources Land">China Resources Land</a></li> <li><a href="/wiki/CITIC_Limited" title="CITIC Limited">CITIC Limited</a></li> <li><a href="/wiki/CNOOC_Limited" title="CNOOC Limited">CNOOC Limited</a></li> <li><a href="/wiki/Country_Garden" title="Country Garden">Country Garden</a></li> <li><a href="/wiki/ENN_Energy" title="ENN Energy">ENN Energy</a></li> <li><a href="/wiki/Geely_Auto" title="Geely Auto">Geely Auto</a></li> <li><a href="/wiki/Haidilao" title="Haidilao">Haidilao</a></li> <li><a href="/wiki/ICBC" class="mw-redirect" title="ICBC">ICBC</a></li> <li><a href="/w/index.php?title=Innovent_Bio&amp;action=edit&amp;redlink=1" class="new" title="Innovent Bio (page does not exist)">Innovent Bio</a></li> <li><a href="/wiki/JD_Health" title="JD Health">JD Health</a></li> <li><a href="/wiki/JD_Logistics" title="JD Logistics">JD Logistics</a></li> <li><a href="/wiki/JD.com" title="JD.com">JD.com</a></li> <li><a href="/wiki/Kuaishou" title="Kuaishou">Kuaishou</a></li> <li><a href="/wiki/Lenovo" title="Lenovo">Lenovo</a></li> <li><a href="/wiki/Li-Ning" title="Li-Ning">Li-Ning</a></li> <li><a href="/wiki/Longfor_Properties" title="Longfor Properties">Longfor Properties</a></li> <li><a href="/wiki/Meituan" title="Meituan">Meituan</a></li> <li><a href="/wiki/Mengniu_Dairy" title="Mengniu Dairy">Mengniu Dairy</a></li> <li><a href="/wiki/NetEase" title="NetEase">NetEase</a></li> <li><a href="/wiki/Nongfu_Spring" title="Nongfu Spring">Nongfu Spring</a></li> <li><a href="/wiki/Ping_An_Insurance" title="Ping An Insurance">Ping An Insurance</a></li> <li><a href="/wiki/Postal_Savings_Bank_of_China" title="Postal Savings Bank of China">Postal Savings Bank of China</a></li> <li><a href="/wiki/Shenzhou_International" title="Shenzhou International">Shenzhou International</a></li> <li><a href="/wiki/Shijiazhuang_Pharma_Group" class="mw-redirect" title="Shijiazhuang Pharma Group">Shijiazhuang Pharma Group</a></li> <li><a href="/wiki/Sino_Biopharmaceutical_Limited" title="Sino Biopharmaceutical Limited">Sino Biopharmaceutical Limited</a></li> <li><a class="mw-selflink selflink">Sinopec</a></li> <li><a href="/wiki/Semiconductor_Manufacturing_International_Corporation" title="Semiconductor Manufacturing International Corporation">SMIC</a></li> <li><a href="/wiki/Sunny_Optical" title="Sunny Optical">Sunny Optical</a></li> <li><a href="/wiki/Tencent" title="Tencent">Tencent</a></li> <li><a href="/wiki/Xiaomi" title="Xiaomi">Xiaomi</a></li> <li><a href="/wiki/Xinyi_Solar" title="Xinyi Solar">Xinyi Solar</a></li></ul> </div></td></tr></tbody></table></div> <div class="navbox-styles"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374" /><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1236075235" /></div><div role="navigation" class="navbox" aria-labelledby="23x15px&amp;#124;border_&amp;#124;alt=Hong_Kong&amp;#124;link=Hong_Kong_Constituents_of_Hang_Seng_Index252" style="padding:3px"><table class="nowraplinks mw-collapsible autocollapse navbox-inner" style="border-spacing:0;background:transparent;color:inherit"><tbody><tr><th scope="col" class="navbox-title" colspan="2"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374" /><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1239400231" /><div class="navbar plainlinks hlist navbar-mini"><ul><li class="nv-view"><a href="/wiki/Template:Hang_Seng_Index" title="Template:Hang Seng Index"><abbr title="View this template">v</abbr></a></li><li class="nv-talk"><a href="/wiki/Template_talk:Hang_Seng_Index" title="Template talk:Hang Seng Index"><abbr title="Discuss this template">t</abbr></a></li><li class="nv-edit"><a href="/wiki/Special:EditPage/Template:Hang_Seng_Index" title="Special:EditPage/Template:Hang Seng Index"><abbr title="Edit this template">e</abbr></a></li></ul></div><div id="23x15px&amp;#124;border_&amp;#124;alt=Hong_Kong&amp;#124;link=Hong_Kong_Constituents_of_Hang_Seng_Index252" style="font-size:114%;margin:0 4em"><span class="flagicon"><span class="mw-image-border" typeof="mw:File"><a href="/wiki/Hong_Kong" title="Hong Kong"><img alt="Hong Kong" src="//upload.wikimedia.org/wikipedia/commons/thumb/5/5b/Flag_of_Hong_Kong.svg/23px-Flag_of_Hong_Kong.svg.png" decoding="async" width="23" height="15" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/5/5b/Flag_of_Hong_Kong.svg/35px-Flag_of_Hong_Kong.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/5/5b/Flag_of_Hong_Kong.svg/45px-Flag_of_Hong_Kong.svg.png 2x" data-file-width="900" data-file-height="600" /></a></span></span> Constituents of <a href="/wiki/Hang_Seng_Index" title="Hang Seng Index">Hang Seng Index</a></div></th></tr><tr><th scope="row" class="navbox-group" style="width:1%;text-align: left;"><a href="/wiki/Finance" title="Finance">Finance</a></th><td class="navbox-list-with-group navbox-list navbox-odd hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/HSBC" title="HSBC">HSBC</a></li> <li><a href="/wiki/Hang_Seng_Bank" title="Hang Seng Bank">Hang Seng Bank</a></li> <li><a href="/wiki/Hong_Kong_Exchanges_and_Clearing" title="Hong Kong Exchanges and Clearing">Hong Kong Exchanges and Clearing</a></li> <li><a href="/wiki/China_Construction_Bank" title="China Construction Bank">China Construction Bank</a></li> <li><a href="/wiki/AIA_Group" title="AIA Group">AIA Group</a></li> <li><a href="/wiki/Industrial_and_Commercial_Bank_of_China" title="Industrial and Commercial Bank of China">Industrial and Commercial Bank of China</a></li> <li><a href="/wiki/Ping_An_Insurance" title="Ping An Insurance">Ping An Insurance</a></li> <li><a href="/wiki/Bank_of_China_(Hong_Kong)" title="Bank of China (Hong Kong)">Bank of China (Hong Kong)</a></li> <li><a href="/wiki/China_Life_Insurance_Company" title="China Life Insurance Company">China Life Insurance Company</a></li> <li><a href="/wiki/China_Merchants_Bank" title="China Merchants Bank">China Merchants Bank</a></li> <li><a href="/wiki/Bank_of_China" title="Bank of China">Bank of China</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%;text-align: left;"><a href="/wiki/Utilities" class="mw-redirect" title="Utilities">Utilities</a></th><td class="navbox-list-with-group navbox-list navbox-even hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/CLP_Group" title="CLP Group">CLP Group</a></li> <li><a href="/wiki/The_Hong_Kong_and_China_Gas_Company" title="The Hong Kong and China Gas Company">The Hong Kong and China Gas Company</a></li> <li><a href="/wiki/Power_Assets_Holdings" title="Power Assets Holdings">Power Assets Holdings</a></li> <li><a href="/wiki/China_Resources_Power" title="China Resources Power">China Resources Power</a></li> <li><a href="/wiki/CK_Infrastructure_Holdings" title="CK Infrastructure Holdings">CK Infrastructure Holdings</a></li> <li><a href="/wiki/ENN_Energy" title="ENN Energy">ENN Energy</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%;text-align: left;"><a href="/wiki/Property" title="Property">Properties</a></th><td class="navbox-list-with-group navbox-list navbox-odd hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Henderson_Land_Development" title="Henderson Land Development">Henderson Land Development</a></li> <li><a href="/wiki/Sun_Hung_Kai_Properties" title="Sun Hung Kai Properties">Sun Hung Kai Properties</a></li> <li><a href="/wiki/New_World_Development" title="New World Development">New World Development</a></li> <li><a href="/wiki/Hang_Lung_Properties" title="Hang Lung Properties">Hang Lung Properties</a></li> <li><a href="/wiki/China_Overseas_Land_and_Investment" title="China Overseas Land and Investment">China Overseas Land and Investment</a></li> <li><a href="/wiki/Link_REIT" title="Link REIT">Link REIT</a></li> <li><a href="/wiki/Longfor_Properties" title="Longfor Properties">Longfor Properties</a></li> <li><a href="/wiki/China_Resources_Land" title="China Resources Land">China Resources Land</a></li> <li><a href="/wiki/CK_Asset_Holdings" title="CK Asset Holdings">CK Asset Holdings</a></li> <li><a href="/wiki/China_Resources_Mixc_Lifestyle" title="China Resources Mixc Lifestyle">China Resources Mixc Lifestyle</a></li> <li><a href="/wiki/Wharf_Real_Estate_Investment_Company" title="Wharf Real Estate Investment Company">Wharf Real Estate Investment Company</a></li> <li><a href="/wiki/Country_Garden" title="Country Garden">Country Garden</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%;text-align: left;"><a href="/wiki/Commerce" title="Commerce">Commerce</a><br />and<br /><a href="/wiki/Industry_(manufacturing)" class="mw-redirect" title="Industry (manufacturing)">Industry</a></th><td class="navbox-list-with-group navbox-list navbox-even hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/CK_Hutchison_Holdings" title="CK Hutchison Holdings">CK Hutchison Holdings</a></li> <li><a href="/wiki/Galaxy_Entertainment_Group" title="Galaxy Entertainment Group">Galaxy Entertainment Group</a></li> <li><a href="/wiki/MTR_Corporation" title="MTR Corporation">MTR Corporation</a></li> <li><a href="/wiki/Geely_Auto" title="Geely Auto">Geely Auto</a></li> <li><a href="/wiki/Alibaba_Health" title="Alibaba Health">Alibaba Health</a></li> <li><a href="/wiki/CITIC_Limited" title="CITIC Limited">CITIC Limited</a></li> <li><a href="/wiki/WH_Group" title="WH Group">WH Group</a></li> <li><a href="/wiki/China_Resources_Beer" title="China Resources Beer">China Resources Beer</a></li> <li><a href="/wiki/Orient_Overseas_(International)_Limited" title="Orient Overseas (International) Limited">Orient Overseas (International) Limited</a></li> <li><a href="/wiki/Tingyi" class="mw-redirect" title="Tingyi">Tingyi</a></li> <li><a class="mw-selflink selflink">Sinopec</a></li> <li><a href="/wiki/Techtronic_Industries" title="Techtronic Industries">Techtronic Industries</a></li> <li><a href="/wiki/Tencent" title="Tencent">Tencent</a></li> <li><a href="/wiki/China_Unicom" title="China Unicom">China Unicom</a></li> <li><a href="/wiki/PetroChina" title="PetroChina">PetroChina</a></li> <li><a href="/wiki/Xinyi_Glass" title="Xinyi Glass">Xinyi Glass</a></li> <li><a href="/wiki/Zhongsheng_Group" title="Zhongsheng Group">Zhongsheng Group</a></li> <li><a href="/wiki/CNOOC_Limited" title="CNOOC Limited">CNOOC Limited</a></li> <li><a href="/wiki/China_Mobile" title="China Mobile">China Mobile</a></li> <li><a href="/wiki/Xinyi_Solar" title="Xinyi Solar">Xinyi Solar</a></li> <li><a href="/wiki/Semiconductor_Manufacturing_International_Corporation" title="Semiconductor Manufacturing International Corporation">Semiconductor Manufacturing International Corporation</a></li> <li><a href="/wiki/Lenovo" title="Lenovo">Lenovo</a></li> <li><a href="/wiki/Hengan_International" title="Hengan International">Hengan International</a></li> <li><a href="/wiki/China_Shenhua_Energy" title="China Shenhua Energy">China Shenhua Energy</a></li> <li><a href="/wiki/CSPC_Pharmaceutical_Group" title="CSPC Pharmaceutical Group">CSPC Pharmaceutical Group</a></li> <li><a href="/wiki/Sinopharm_Group" title="Sinopharm Group">Sinopharm Group</a></li> <li><a href="/wiki/Sino_Biopharmaceutical_Limited" title="Sino Biopharmaceutical Limited">Sino Biopharmaceutical Limited</a></li> <li><a href="/wiki/BYD_Company" title="BYD Company">BYD Company</a></li> <li><a href="/wiki/China_Hongqiao_Group" title="China Hongqiao Group">China Hongqiao Group</a></li> <li><a href="/wiki/Xiaomi" title="Xiaomi">Xiaomi</a></li> <li><a href="/w/index.php?title=Budweiser_Brewing_Company_APAC&amp;action=edit&amp;redlink=1" class="new" title="Budweiser Brewing Company APAC (page does not exist)">Budweiser Brewing Company APAC</a></li> <li><a href="/wiki/Sands_China" title="Sands China">Sands China</a></li> <li><a href="/wiki/Chow_Tai_Fook" title="Chow Tai Fook">Chow Tai Fook</a></li> <li><a href="/wiki/Li_Auto" title="Li Auto">Li Auto</a></li> <li><a href="/wiki/Anta_Sports" title="Anta Sports">Anta Sports</a></li> <li><a href="/wiki/WuXi_Biologics" title="WuXi Biologics">WuXi Biologics</a></li> <li><a href="/wiki/Shenzhou_International" title="Shenzhou International">Shenzhou International</a></li> <li><a href="/wiki/Mengniu_Dairy" title="Mengniu Dairy">Mengniu Dairy</a></li> <li><a href="/wiki/Li-Ning" title="Li-Ning">Li-Ning</a></li> <li><a href="/wiki/WuXi_AppTec" title="WuXi AppTec">WuXi AppTec</a></li> <li><a href="/wiki/Sunny_Optical" title="Sunny Optical">Sunny Optical</a></li> <li><a href="/wiki/Zijin_Mining" title="Zijin Mining">Zijin Mining</a></li> <li><a href="/wiki/Meituan" title="Meituan">Meituan</a></li> <li><a href="/wiki/Hansoh_Pharmaceutical" title="Hansoh Pharmaceutical">Hansoh Pharmaceutical</a></li> <li><a href="/wiki/JD_Health" title="JD Health">JD Health</a></li> <li><a href="/wiki/Haier" title="Haier">Haier</a></li> <li><a href="/wiki/Haidilao" title="Haidilao">Haidilao</a></li> <li><a href="/wiki/JD.com" title="JD.com">JD.com</a></li> <li><a href="/wiki/Nongfu_Spring" title="Nongfu Spring">Nongfu Spring</a></li> <li><a href="/wiki/Baidu" title="Baidu">Baidu</a></li> <li><a href="/wiki/Trip.com_Group" title="Trip.com Group">Trip.com Group</a></li> <li><a href="/wiki/Alibaba_Group" title="Alibaba Group">Alibaba Group</a></li> <li><a href="/wiki/NetEase" title="NetEase">NetEase</a></li></ul> </div></td></tr></tbody></table></div> <div class="navbox-styles"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374" /><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1236075235" /></div><div role="navigation" class="navbox" aria-labelledby="23x15px&amp;#124;border_&amp;#124;alt=China&amp;#124;link=China_Constituents_of_Hang_Seng_China_50_Index163" style="padding:3px"><table class="nowraplinks mw-collapsible autocollapse navbox-inner" style="border-spacing:0;background:transparent;color:inherit"><tbody><tr><th scope="col" class="navbox-title" colspan="2"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374" /><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1239400231" /><div class="navbar plainlinks hlist navbar-mini"><ul><li class="nv-view"><a href="/wiki/Template:Hang_Seng_China_50_Index" title="Template:Hang Seng China 50 Index"><abbr title="View this template">v</abbr></a></li><li class="nv-talk"><a href="/wiki/Template_talk:Hang_Seng_China_50_Index" title="Template talk:Hang Seng China 50 Index"><abbr title="Discuss this template">t</abbr></a></li><li class="nv-edit"><a href="/wiki/Special:EditPage/Template:Hang_Seng_China_50_Index" title="Special:EditPage/Template:Hang Seng China 50 Index"><abbr title="Edit this template">e</abbr></a></li></ul></div><div 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Index</a></div></th></tr><tr><td colspan="2" class="navbox-list navbox-odd hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Agricultural_Bank_of_China" title="Agricultural Bank of China">Agricultural Bank of China</a></li> <li><a href="/wiki/Alibaba_Group" title="Alibaba Group">Alibaba Group</a></li> <li><a href="/wiki/Baidu" title="Baidu">Baidu</a></li> <li><a href="/wiki/Bank_of_China" title="Bank of China">Bank of China</a></li> <li><a href="/wiki/Bank_of_Communications" title="Bank of Communications">Bank of Communications</a></li> <li><a href="/wiki/BYD_Company" title="BYD Company">BYD Company</a></li> <li><a href="/wiki/CATL" title="CATL">CATL</a></li> <li><a href="/wiki/China_Construction_Bank" title="China Construction Bank">China Construction Bank</a></li> <li><a href="/wiki/China_Life_Insurance_Company" title="China Life Insurance Company">China Life Insurance Company</a></li> <li><a href="/wiki/China_Merchants_Bank" title="China Merchants Bank">China Merchants Bank</a></li> <li><a href="/wiki/China_Mobile" title="China Mobile">China Mobile</a></li> <li><a href="/wiki/China_Pacific_Insurance_Company" title="China Pacific Insurance Company">China Pacific Insurance Company</a></li> <li><a href="/wiki/China_Shenhua_Energy" title="China Shenhua Energy">China Shenhua Energy</a></li> <li><a href="/wiki/CITS_Group_Corporation" title="CITS Group Corporation">CITS Group Corporation</a></li> <li><a href="/wiki/China_Yangtze_Power" title="China Yangtze Power">China Yangtze Power</a></li> <li><a href="/wiki/CITIC_Securities" title="CITIC Securities">CITIC Securities</a></li> <li><a href="/wiki/CNOOC_Limited" title="CNOOC Limited">CNOOC Limited</a></li> <li><a href="/wiki/Foshan_Haitian_Flavouring_%26_Food_Co" title="Foshan Haitian Flavouring &amp; Food Co">Foshan Haitian Flavouring &amp; Food Co</a></li> <li><a href="/wiki/Great_Wall_Motor" title="Great Wall Motor">Great Wall Motor</a></li> <li><a href="/wiki/Gree_Electric" title="Gree Electric">Gree Electric</a></li> <li><a href="/wiki/Hikvision" title="Hikvision">Hikvision</a></li> <li><a href="/wiki/ICBC" class="mw-redirect" title="ICBC">ICBC</a></li> <li><a href="/wiki/Industrial_Bank_(China)" title="Industrial Bank (China)">Industrial Bank</a></li> <li><a href="/wiki/JD.com" title="JD.com">JD.com</a></li> <li><a href="/wiki/Jiangsu_Hengrui_Medicine" class="mw-redirect" title="Jiangsu Hengrui Medicine">Jiangsu Hengrui Medicine</a></li> <li><a href="/wiki/Kuaishou" title="Kuaishou">Kuaishou</a></li> <li><a href="/wiki/Kweichow_Moutai" title="Kweichow Moutai">Kweichow Moutai</a></li> <li><a href="/wiki/LONGi" title="LONGi">LONGi</a></li> <li><a href="/wiki/Luxshare" title="Luxshare">Luxshare</a></li> <li><a href="/wiki/Meituan" title="Meituan">Meituan</a></li> <li><a href="/wiki/Midea_Group" title="Midea Group">Midea Group</a></li> <li><a href="/wiki/Mindray" title="Mindray">Mindray</a></li> <li><a href="/wiki/Muyuan_Foodstuff" title="Muyuan Foodstuff">Muyuan Foodstuff</a></li> <li><a href="/wiki/NetEase" title="NetEase">NetEase</a></li> <li><a href="/wiki/Nongfu_Spring" title="Nongfu Spring">Nongfu Spring</a></li> <li><a href="/wiki/PetroChina" title="PetroChina">PetroChina</a></li> <li><a href="/wiki/Ping_An_Bank" title="Ping An Bank">Ping An Bank</a></li> <li><a href="/wiki/Ping_An_Insurance" title="Ping An Insurance">Ping An Insurance</a></li> <li><a href="/wiki/Postal_Savings_Bank_of_China" title="Postal Savings Bank of China">Postal Savings Bank of China</a></li> <li><a href="/wiki/SF_Express" title="SF Express">SF Express</a></li> <li><a href="/wiki/Shanghai_Pudong_Development_Bank" title="Shanghai Pudong Development Bank">Shanghai Pudong Development Bank</a></li> <li><a href="/wiki/Shanxi_Xinghuacun_Fen_Wine_Factory" class="mw-redirect" title="Shanxi Xinghuacun Fen Wine Factory">Shanxi Xinghuacun Fen Wine Factory</a></li> <li><a class="mw-selflink 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class="vector-sticky-header-end" aria-hidden="true"> <div class="vector-sticky-header-icons"> <a href="#" class="cdx-button cdx-button--fake-button cdx-button--fake-button--enabled cdx-button--weight-quiet cdx-button--icon-only" id="ca-talk-sticky-header" tabindex="-1" data-event-name="talk-sticky-header"><span class="vector-icon mw-ui-icon-speechBubbles mw-ui-icon-wikimedia-speechBubbles"></span> <span></span> </a> <a href="#" class="cdx-button cdx-button--fake-button cdx-button--fake-button--enabled cdx-button--weight-quiet cdx-button--icon-only" id="ca-subject-sticky-header" tabindex="-1" data-event-name="subject-sticky-header"><span class="vector-icon mw-ui-icon-article mw-ui-icon-wikimedia-article"></span> <span></span> </a> <a href="#" class="cdx-button cdx-button--fake-button cdx-button--fake-button--enabled cdx-button--weight-quiet cdx-button--icon-only" id="ca-history-sticky-header" tabindex="-1" data-event-name="history-sticky-header"><span class="vector-icon mw-ui-icon-wikimedia-history mw-ui-icon-wikimedia-wikimedia-history"></span> <span></span> </a> <a href="#" class="cdx-button cdx-button--fake-button cdx-button--fake-button--enabled cdx-button--weight-quiet cdx-button--icon-only mw-watchlink" id="ca-watchstar-sticky-header" tabindex="-1" data-event-name="watch-sticky-header"><span class="vector-icon mw-ui-icon-wikimedia-star mw-ui-icon-wikimedia-wikimedia-star"></span> <span></span> </a> <a href="#" class="cdx-button cdx-button--fake-button cdx-button--fake-button--enabled cdx-button--weight-quiet cdx-button--icon-only" id="ca-edit-sticky-header" tabindex="-1" data-event-name="wikitext-edit-sticky-header"><span class="vector-icon mw-ui-icon-wikimedia-wikiText mw-ui-icon-wikimedia-wikimedia-wikiText"></span> <span></span> </a> <a href="#" class="cdx-button cdx-button--fake-button cdx-button--fake-button--enabled cdx-button--weight-quiet cdx-button--icon-only" id="ca-ve-edit-sticky-header" tabindex="-1" data-event-name="ve-edit-sticky-header"><span class="vector-icon mw-ui-icon-wikimedia-edit mw-ui-icon-wikimedia-wikimedia-edit"></span> <span></span> </a> <a href="#" class="cdx-button cdx-button--fake-button cdx-button--fake-button--enabled cdx-button--weight-quiet cdx-button--icon-only" id="ca-viewsource-sticky-header" tabindex="-1" data-event-name="ve-edit-protected-sticky-header"><span class="vector-icon mw-ui-icon-wikimedia-editLock mw-ui-icon-wikimedia-wikimedia-editLock"></span> <span></span> </a> </div> <div class="vector-sticky-header-buttons"> <button class="cdx-button cdx-button--weight-quiet mw-interlanguage-selector" id="p-lang-btn-sticky-header" tabindex="-1" data-event-name="ui.dropdown-p-lang-btn-sticky-header"><span class="vector-icon mw-ui-icon-wikimedia-language mw-ui-icon-wikimedia-wikimedia-language"></span> <span>36 languages</span> </button> <a href="#" class="cdx-button cdx-button--fake-button cdx-button--fake-button--enabled cdx-button--weight-quiet cdx-button--action-progressive" id="ca-addsection-sticky-header" tabindex="-1" data-event-name="addsection-sticky-header"><span class="vector-icon mw-ui-icon-speechBubbleAdd-progressive mw-ui-icon-wikimedia-speechBubbleAdd-progressive"></span> <span>Add topic</span> </a> </div> <div class="vector-sticky-header-icon-end"> <div class="vector-user-links"> </div> </div> </div> </div> </div> <div class="mw-portlet mw-portlet-dock-bottom emptyPortlet" id="p-dock-bottom"> <ul> </ul> </div> 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