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Country: China, People's Republic of | Posted / Last update: 09-09-2009

Sinopec

Focusing on its core business of petroleum and petrochemicals, China Petroleum and Chemical Corporation (Sinopec Corp.) is a publicly listed company with integrated upstream and downstream operations and a complete marketing network .

Sinopec Corp. is a vertically integrated energy and chemical company. The scope of business covers exploration, development, production and marketing of petroleum and natural gas, refining and marketing, production and sales of petrochemicals, chemical fibers, chemical fertilizers, and other chemicals, storage and pipeline transportation of petroleum and natural gas, import and export and import/export agency business of petroleum, natural gas, refined oil products, petrochemicals, chemicals, and other commodities and technologies, research and development and application of technology and information. It is China's largest producer and marketer of oil products (both wholesale and retail of gasoline, diesel, jet fuel).

The annual sales of oil products 67.8 million tons, accounting for 60% of the country's total consumption, and 65% of retail market share in the principal market.

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