Tag archives: Sinopec

China Petrochemical Corp, also known as Sinopec, the world"s largest refiner by volume, said it will further boost its green hydrogen manufacturing capacity and expand its hydrogen refueling network nationwide to build itself into China's largest hydrogen company, the company said on Friday. The company plans to take advantage of its nationwide gas refueling network and actively build its hydrogen refueling network in China, and aims for a hydrogen refueling capacity of 120,000 metric tons per year by 2025, the company said in its mid-to-long-term hydrogen development plan released on Friday. The company will also step up its refinery using

China Petrochemical Corp, or Sinopec, the world's largest refiner by volume, has discovered abundant flows of natural gas and crude oil at Shunbei oil and gas field in the Tarim Basin of Northwest China's Xinjiang Uygur autonomous region. Located in the central and western regions of the Tarim Basin, the project, also called Shendi-1, has an average reservoir burial depth of more than 7,300 meters and is one of the world's deepest onshore commercial oil and gas fields, it said. The discovery is a major milestone in the country's exploration of deep mineral resources, which will further improve China's energy

China Petroleum and Chemical Corp, the country"s largest oil refiner, said its net profit more than doubled to its best level in 10 years on higher crude prices and strong demand for petroleum products. Net profit attributable to shareholders of the parent company stood at 72 billion yuan ($11.3 billion) in 2021, up 115.2 percent from the previous year. Its operating revenue reached 2.74 trillion yuan last year, up 30.2 percent year-on-year, the company said on Sunday. Domestic crude oil output was 35.15 million metric tons last year, overseas crude oil production was 4.18 million tons, and natural gas output