China Petroleum & Chemical Corporation (Sinopec) is a leading integrated energy and chemical enterprise engaged in oil and gas exploration, production, refining and marketing. The company operates a network of refining facilities, pipelines and storage terminals across mainland China, processing crude oil into a wide range of petroleum products including gasoline, diesel, jet fuel and lubricants. In addition to core refining operations, Sinopec explores and develops onshore and offshore oil and gas reserves both domestically and through overseas projects.
In the chemical sector, Sinopec manufactures petrochemical products such as synthetic resins, chemical fibers, rubber and fertilizers, serving industries spanning automotive, construction, textiles and agriculture. The company’s downstream portfolio also includes specialty chemicals and advanced materials, with ongoing investment in research and development programs aimed at improving product quality and reducing environmental impact. Sinopec’s integrated model allows for optimization of feedstocks and product flows across its refining and petrochemical sites.
Incorporated in 2000 and headquartered in Beijing, Sinopec is majority-owned by China Petrochemical Corporation (Sinopec Group), a state-owned enterprise under the supervision of the State-owned Assets Supervision and Administration Commission of the State Council. Since its formation, Sinopec has expanded beyond its domestic footprint, establishing exploration partnerships and joint ventures in regions such as Africa, the Middle East and Latin America. Its marketing arm distributes fuels and chemicals through a nationwide retail network and exports to key international markets.
Sinopec is governed by a board of directors and an executive management team responsible for strategic planning and operational oversight. The company has signaled a strategic focus on enhancing energy efficiency, advancing low-carbon technologies and expanding its presence in clean energy sectors such as natural gas and hydrogen. With extensive infrastructure, integrated capabilities and state support, Sinopec seeks to maintain its position as a major player in the global energy and chemical industries.
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