China Petrochemical Corp, or Sinopec, expects China's petroleum consumption to peak by 2027 at no more than 800 million metric tons or 16 million barrels per day, the state energy group said in an outlook released on Thursday.
Sinopec Corp said on Monday that the company and Saudi Aramco have started constructing a refinery and petrochemical complex in southeast China's Fujian province.
Sinopec is advancing development of shale oil at its pilot project Jiyang in east China, pumping 1,600 metric tons per day now, up from 100 tons in 2021, the state oil and gas group said on Wednesday.
East Timor has talked with Chinese firms including state-owned Sinopec about developing the stalled Greater Sunrise gas field, President Jose Ramos-Horta said on Wednesday, after disagreements with Australia over the shared field's future.
China's Sinopec posted a 2.7% rise in net profit for the first half of the year, it said on Sunday, as rising oil prices boosted income.
China Petroleum and Chemical Corp (Sinopec) , Asia's largest refiner, on Friday reported first-half crude throughput little changed year on year.
A Sinopec service unit said on Thursday it has signed a 7.956 billion yuan ($1.10 billion) deal to build natural gas pipelines for Saudi state oil company Aramco.