China’s Big Play for Middle East Oil

China’s Middle East energy footprint has been expanding. In February, it made a deal for a stake in Abu Dhabi’s onshore oil. In March, Saudi Arabia’s King Salman bin Abdulaziz travelled to China to strengthen trade ties, and now a Chinese...

Caixin Media
08.11.15

Auditors Probe Sinopec, Savvy Broker in Angola

Government auditors are taking a closer look at U.S.$10 billion worth of offshore oil investments by state-run China Petroleum & Chemical Corp. (Sinopec) that owe their existence to a Hong Kong businessman with a flair for networking in the...

Caixin Media
04.15.14

New Sichuan Petchem Plant on Shaky Ground

A controversial petrochemical project in the southwestern province of Sichuan quietly went into operation in March, but questions about the China National Petroleum Corp. (CNPC) facility continue to linger.

The project is in Pengzhou, a...

Caixin Media
03.25.14

State-Owned Oil Firms Invite Outside Investors

Since February, state-owned oil majors have taken steps toward pilots in mixed-share ownership, following central government calls for reforms to state-owned enterprises (SOEs).
 
After the Chinese New Year, China Petroleum and...

Caixin Media
12.02.13

How an Expectant Mother Died in Qingdao

One of the fifty-five people to die in an explosion on November 22 at a pipeline owned by China Petroleum & Chemical Corp. (Sinopec) in the eastern city of Qingdao was a twenty-three-year-old pregnant woman named Chen Na.

Her husband,...