Sinopec

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Sinopec Corp
legal form Corporation
ISIN CN0005789556
founding 2000
Seat Beijing , People's Republic of ChinaChina People's RepublicPeople's Republic of China 
management
Number of employees 402.206
sales 2.970 billion yuan (345.7 billion euros ) (2019)
Branch Mineral oil company
Website www.sinopec.com
Status: 2019

Company headquarters in Beijing
Sinopec gas station in Hong Kong

Sinopec ( Chinese  中国 石化 , Pinyin Zhōngguó Shíhuà , English China Petroleum & Chemical Corporation ) is a Chinese natural gas and mineral oil company based in Beijing . The company is listed in the Hang Seng Index .

Sinopec is one of the three largest mineral oil companies in China and in 2006 was at the top of China's top 500 companies . In 2016, it was the world's largest oil and gas company.

Sinopec develops natural gas and oil reserves around the world, owns refineries and markets its petrochemical products. Sinopec has been running a joint venture with BASF for the production of neopentyl glycol in Nanjing since 2015 . In Germany, the company is represented by Sinopec Europa Handels GmbH in Frankfurt am Main.

A Sinopec subsidiary is Shanghai Petrochemical .

Environmental and security incidents

On December 21, 2006, a leak formed during a test well by the Sinopec Southern Prospecting and Development Branch in Quingxi. 12,380 people were evacuated after the incident occurred. It took at least three attempts and two weeks for the company to seal the leak.

In 2007, the Chinese State Environmental Protection Administration (SEPA) asked Sinopec to cease operations at one of its oil fields because it was causing chronic river pollution. Zhongyuan Oilfields Petrochemical Company, a Sinopec-owned company, failed to meet wastewater treatment requirements and was fined as a result.

Competitors

Web links

Individual evidence

  1. a b Annual Report 2019. Sinopec Inc., accessed June 7, 2020 .
  2. China Economic Net, 2006 ( Memento of November 18, 2010 in the Internet Archive )
  3. Sinopec conquers Angola with billions . Handelsblatt , March 28, 2010
  4. Official: 3rd attempt to cap SW China gas leak succeeds ( Memento from October 5, 2013 in the Internet Archive )
  5. ^ Sinopec punished for water pollution . Reuters. Retrieved August 13, 2012.