China Petrochemical Corporation (Sinopec)

China Petrochemical Corporation (Sinopec Group) is a super-large petroleum and petrochemical enterprise group, established by the State in July 1998 as a reconstruction of China Petrochemical Corporation. Sinopec Group exercises the investor’s rights to the related State assets owned by its subsidiaries, controlled companies and share-holding companies, including receiving returns on assets, making major decisions and appointing managers. The group 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; exploration, production, storage and transportation (including pipeline transportation), sale and comprehensive utilization of petroleum and natural gas; production, sale, storage and transportation of coal; oil refining; storage, transportation, wholesale and retailing of oil products; production, sale, storage, transportation of petrochemical products, natural gas chemicals, coal chemical products and other chemical products; exploration, design, consulting, construction and installation of petroleum and petrochemical engineering projects; overhaul and maintenance of petroleum and petrochemical equipment; R&D, manufacturing and sale of electrical and mechanical equipment; production and sale of electricity, steam, water and industrial gas; and international storage and logistics.

Currently, Sinopec Group is the largest oil and petrochemical products supplier and the second major oil and gas producer in China, as well as the largest oil refinery company and the second largest chemical company in the world. The group has the second largest number of gas stations in the world, and ranked 4th in the Fortune Global 500 list in 2016.​​

Website: https://www.sinopecgroup.com/group/en/