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China Petrochemical Corporation (Sinopec Group)

Nikochem Group of Companies and Sinopec, China, are going to create a gas chemical complex in Volgograd. Its cost can be as high as $2 billion.

18 April 2016
Interfax

China national petrochemical corporation Sinopec will invest in Russian oil services. Sinopec’s Exploration and Development Director Feng Zhiqiang said the company is now looking at several Russian oil companies as potential partners in a joint oil services provider on the Russian market. Negotiations with Targin and Rosneft management have been in progress since the last year, he added.

15 February 2016
izvestia.ru

China and RF investors are ready to invest USD4 bln. into a raw hydrocarbon processing plant in Tver Region, as the Region Government press-office says to TASS.

“This October the parties signed the agreement. It comprises a project finance model where the Chinese partners provide for 85% of money”, the press-office informs.

Four companies – CINVEC, Akkord Industry Construction Investment Corporation, Speic and Sinopec Engineering Inc., large companies from China, participate in implementation of this project. They intend to build up a polyolefin /polyethylene and polypropylene/ production facility with natural gas primary processing.

“The expected annual production is over 1 mln. ton polyolefins, used for annual production of 434 thousand ton polyethylene and about 600 thousand ton polypropylene”, the press-office denoted.

The investment project shall be implemented within 3-4 years involving three thousand people in construction, the plant staff is going to be 300 employees.

“The Region Government is ready to support it at all stages of implementation”, Andrey Shevelev, the Governor, emphasized at the meeting with investors.

Polyethylenes and polypropylenes are widely used in the industry, including production of films, pipes, fibers, construction materials, car parts and parts for other vehicles, etc.

11 November 2015
ITAR TASS
Investor
4 000.0 mln
Jobs: 300
Tver region

Investor profile

China Petrochemical Corporation (Sinopec Group)

China

Company's website: www.sinopecgroup.com/group/en

T: 8610-59960114

Public company

Contact: Wang Yupu, The Chairman of the Directors’ Board

China Petroleum and Chemical Corporation is a vertically-integrated petroleum and chemical corporation involved in oil and gas exploration, production, transportation, supply and processing, production and sale of chemical and petroleum chemical products. The Company’s shares are placed at Chinese and international trading sites of New-York, London, Hong Kong, and Shanghai. The Company consists of more than 80 branches and affiliates.

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