China’s Sinopec reports 16.8% profit drop in ’24
China Petroleum & Chemical Corp, also known as Sinopec, announced a 16.8 per cent decrease in net profit for…
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Sinopec
Lanka signs $3.7b oil refinery deal with China’s Sinopec
Sri Lanka signed an agreement with China to expedite the approval process for Sinopec's planned $3.7 billion…
S. Arabia to reduce crude oil supply to China in Feb
Saudi Arabia's crude oil shipments to China are set to decline in February as higher prices and extended OPEC+…
Chinese investment boosts African energy sector
Chinese foreign direct investment (FDI) in Africa surged to $21.7 billion in 2023, largely driven by initiatives…
China’s Sinopec reports 2.6% profit growth in H1 ’24
China Petroleum & Chemical Corp (Sinopec) reported a 2.6 per cent increase in net profit for the first half of…
S. Arabia crude oil exports to China expected to drop
Saudi Arabia's crude oil exports to China are anticipated to decline for the third consecutive month in July,…
TotalEnergies, SINOPEC sign pact to boost climate efforts
TotalEnergies and China’s SINOPEC committed to enhancing their collaboration in the field of low-carbon energy…
Sinopec reports 9.9% profit fall in ’23
China Petroleum & Chemical Corp., Sinopec, announced a 9.9 per cent decrease in net profit for 2023 on Sunday,…
Low oil prices lure Chinese refiners to top off supplies
Chinese refiners are actively scheduling crude oil cargoes for delivery in March and April to top off supplies.
China’s graft watchdog investigates former Sinopec chairman
Chinese authorities have placed the governor of Fujian province, who is also the former chairman of China Petroleum…
AfDB 2023