China Petrochemical Corporation was founded in July 1998 based on the former China Petrochemical Corporation. It is a state-owned and holding independent company headquartered in Beijing. Sinopec is one of the largest oil and gas producers in China, the biggest oil refiner in Asia and the third largest worldwide. Sinopec is listed on the stock markets in Hong Kong, New York, London and Shanghai.
Sinopec corporate video
SIPC is a wholly owned subsidiary of Sinopec and was founded in Beijing in January 2001. SIPC is committed to integration and overseas oil and gas investment and operation and consists of 17 functional departments, more than 30 overseas institutions and 4000 employees. The company employed a two-tier management model: the headquarters for all matters related to investment decision-making and production management, the regional companies as the headquarters’ agencies for monitoring, supervision, management and coordination, and the national company as an implementation centre.