China Petrochemical Corp said it had acquired a 49 percent stake in the UK subsidiary of the Canada-based Talisman Energy Inc for $1.5 billion.
China Petrochemical Corp's international unit is weighing Canada's new foreign-takeover rules and believes there are still opportunities to invest in the nation's oil sands.
Sinopec started a new crude distillation unit at its Maoming refinery this month, bringing the facility's capacity to more than 20 million metric tons a year.
Three Chinese big oil companies are accelerating the setting up of LNG stations all over China, thanks to energy conservation and emission reduction policies.
China Petrochemical Corp, also known as Sinopec Group, has agreed to buy a block of oil in Nigeria for $2.46 billion.
China Petrochemical Corp, also known as Sinopec Group, has agreed to buy a block of oil in Nigeria for $2.46 billion.
China Petrochemical Corp, known as Sinopec group, has reached an agreement to purchase a Nigerian oil field with France's Total ADR.
Since Chengyu became chairman of Sinopec, the company has made more than $10 billion in overseas investments in the past two years.
Refineries owned by China's two oil giants, PetroChina Co Ltd and Sinopec Corp, plan to process some 31 million metric tons of crude oil in November.
Sinopec International (Hong Kong) Co Ltd, a fully owned subsidiary of Sinopec, will buy a 25 percent stake in a Russian synthetic rubber plant.
China National Petroleum Corporation reported one-third less profit in the third quarter from a year before, financial documents showed on Tuesday.
Investment in geological exploration over the past decade surged in China as rapid urbanization boosted market demand for energy resources.
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