Page 79 - Sinopec News Today

PetroChina reported record-high profits for the first half of 2023 as its refining business recovered and oil and gas production increased.

Staff reporter PetroChina (0857) saw its interim net profit grow by 4.5 percent year-on-year to 85.3 billion yuan (HK$91.8 billion) and decl...

Brazilian state-run oil company Petrobras said on Wednesday it signed a memorandum of understanding (MOU) with Chinese state-owned oil firm CNOOC to extend its collaboration in the energy sector. In a securities filing, Petrobras said it has also signed a MOU with Asia's top refiner, Sinopec, to collaborat

Asia's top refiner, Sinopec Corp, is not interested in acquiring Shell's refinery or petrochemical plant in Singapore although it is keen on participating in a shale gas project in Saudi Arabia, the Chinese company's president said on Monday. Sinopec President Yu Baocai, speaking at a briefing in Hong Kong after the state-run oil and gas giant reported a 20% decline in interim earnings, said that Sinopec is interested in participating in Saudi Arabia's Jafurah shale gas proje...

ANN/THE STRAITS TIMES – China’s Sinopec is not interested in acquiring Shell’s refinery or petrochemical plant in Singapore, Sinopec president Yu Baocai said yesterday. The remark, which the president did not give any details on, came after sources last week told a news agency that Sinopec was among the companies approached by Goldman Sachs to […]

Sinopec posted $4.8 billion in net profit for the first half of 2023.

Chinese refiner Sinopec has said it is not interested in acquiring Shells refinery in Singapore

Sinopec President Yu Baocai has denied earlier reports that the firm was considering acquiring the plant.

Oil prices have started the week trading sideways as macroeconomic concerns counter supply shocks from refinery explosions and a looming hurricane.

Oil edged higher as further intervention by China to support its flagging property market bolstered sentiment across financial assets.  West…