China Petrochemical Corporation, the sole initiator of Sinopec, is a super-large petroleum and petrochemical group restructured and established on the basis of the former China Petrochemical Corporation. It is a state- owned company, functioning as an investment institution in which the State holds the controlling share. Profile Sinopec is an integrated energy and chemical company. The scope of its business is in five areas: (1) oil and gas exploration; (2) oil refining; (3) production of petrochemicals, chemical fibers, chemical fertilizers and other chemical products; (4) storage and pipeline transportation of crude oil and natural gas; and (5) import and export of crude oil, natural gas, refined oil products, chemicals, and other commodities. Sinopec is China’s largest produ

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