Sinopec Corp., parent form $3 billion joint venture

China Petroleum & Chemical Corp. (Sinopec Corp.) agreed to form a joint venture with parent company China Petrochemical Corp. (Sinopec Group) to be called Sinopec International Petroleum E&P Hongkong Overseas Ltd.

The JV will acquire $3 billion worth of overseas oil and gas assets held by Sinopec Group to improve Sinopec Corp.’s profitability and to increase its international footprint. Sinopec Corp. is China’s largest refiner.

Related Articles

White House eyes steps to curb oil, gas methane emissions

03/29/2014 The White House announced additional steps to reduce methane emissions from oil and gas operations as part of a broader strategy. They included reg...

FWS lists lesser prairie chicken as threatened species

03/28/2014 The US Fish and Wildlife Service listed the lesser prairie chicken as a threatened species. While the Mar. 27 final rule fell short of the endanger...

TransAtlantic to acquire concessions in Poland

03/28/2014 TransAtlantic Worldwide Ltd., a wholly owned subsidiary of TransAtlantic Petroleum Ltd., has signed a nonbinding term sheet with San Leon Energy PL...

MARKET WATCH: Crude oil futures sustain $100/bbl price level

03/28/2014 Crude oil futures prices on the New York Mercantile Exchange sustained levels above $100/bbl during trading on Mar. 27 after breaching that thresho...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected