China Petrochemical Corporation Back Participating Organisations List>
China Petrochemical Corporation (Sinopec Group) is a super-large petroleum and petrochemical enterprise group, established by the state in July 1998 on the basis of reconstructing the former China Petrochemical Corporation. Sinopec Group has a registered capital of RMB 274.9 billion. It exercises the investor’s rights to the related state assets owned by its full subsidiaries, controlled companies and share-holding companies, including receiving returns on assets, making major decisions and appointing managers. It operates, manages and supervises state assets according to related laws, and shoulders the corresponding responsibility of maintaining and increasing the value of state assets.
The principal operations of Sinopec Group include industrial investment and investment management; the exploration, production, storage and transportation (including pipeline transportation), sale and comprehensive utilization of petroleum and natural gas; the production, sale, storage and transportation of coal; oil refining; the storage, transportation , wholesale and retailing of oil products; the production, sale, storage, transportation of petrochemical products, natural gas chemicals, coal chemical products and other chemical products; the production, sale, storage and transportation of energy products such as new energy and geothermal energy; the exploration, design, consulting, construction and installation of petroleum and petrochemical engineering projects; the overhaul and maintenance of petroleum and petrochemical equipments; the R&D, manufacturing and sale of electrical and mechanical equipments; the production and sale of electricity, steam, water and industrial gas; the research, development, application and consulting services of technology, e-commerce, information and alternative energy products; the import & export, including an import and export agency business, of self-support products and commodity and technologies; foreign project contracting, bidding and purchasing, and labor export; the international storage and logistics business.
At present, Sinopec Group is the largest petroleum and petrochemical products supplier and the second largest oil and gas producer in China. It is also the world’s largest refining company, second largest chemical company, and second largest in terms of numbers of gas stations. It ranked the 3rd on Fortune’s Global 500 list in 2017.
