Tag: Sinopec

Sinopec Sells Marketing Unit for $17.5 Billion

By Ellen Huber China Petroleum & Chemical Corporation (Sinopec)—China’s largest refiner—filed an announcement with the Hong Kong stock exchange on Sunday that it will sell 30 percent of its $58 billion marketing unit, Sinopec Marketing, reports Reuters. The sale is...

/ September 19, 2014

Sinopec, Weatherford Team Up to Tap China’s Shale Reserves

China’s Sinopec Group has agreed to form a joint venture oilfield services company with Weatherford International to tap into China’s potentially vast shale gas resources. The new entity will combine Weatherford’s technological capabilities with Sinopec’s expansion potential in China, where...

/ June 6, 2014