Sentence examples for State-owned sinopec from inspiring English sources
State-owned Sinopec, its dominant petrochemicals firm, made 4m tonnes of ethylene last year and has just announced a $5 billion expansion of two plants, to a joint capacity of 2m tonnes.
The state-owned Sinopec is the biggest Chinese oil refiner and already owns 5 percent of China Gas.
Under the terms of the deal, the state-owned Sinopec will invest $4.8 billion for a 30 percent stake in Petrogal Brasil, a subsidiary of Galp Energia.
Under the terms of the deal, the state-owned Sinopec will invest $4.8 billion for a 30 percent stake in Petrogal Brasil, a subsidiary of Galp Energia in the fast-growing South American country.
In November, state-owned Sinopec bought French oil firm Total's 20% stake in a Nigerian offshore oilfield for $2.5bn.
And BP has collaborated with the mostly state-owned Sinopec before: The Yangtze River Acetyls Company (Yaraco), a joint venture between BP and Sinopec, was the first major foreign infrastructure investment in mainland China.
In Gabon, the government has surprised the oil industry by withdrawing a permit for a significant oil field from a subsidiary of another Chinese state-owned company, Sinopec, turning it over to a newly created national oil company.
China's state-owned oil company, Sinopec, said on Tuesday that it was studying a bid for Imperial as well.
State-owned firms like Sinopec of China and Gazprom of Russia have slowly taken over production of their domestic reserves, leaving them in control of roughly 85 percent of the world's oil resources, according to the Energy Information Administration.
The Guardian previously revealed that Zahawi was granted "performance units" - a form of bonus - just before it emerged that China's state-owned oil company Sinopec was in talks to buy Gulf Keystone, which is currently valued at £350m.
On Thursday, a Hong Kong newspaper, Ming Pao, reported that Mr. Jin was tied to a prostitution scandal involving a handful of senior officials, including Chen Tonghai, the former board chairman of the state-owned energy company Sinopec.
