China’s Sinopec in major shakeup of overseas unit -sources
Monday, Aug. 3, 2015 - Chinese energy giant, Sinopec Group, is relocating nearly 40 percent of its staff in its global exploration and production unit back to its headquarters, in a major shakeup aimed at cutting costs and boosting efficiency, company sources said.China's state
On June 24, 2008, officials with Shell, QPI, Qatar’s Ministry of Energy and Industry, and China National Petroleum Corp. (CNPC) signed a letter or intent to begin joint preliminary studies to assess the viability of building an integrated refinery and petrochemical complex and marketing its products in China.
China Petroleum & Chemical Corporation (Sinopec Corp) is a China-based energy and chemical company. The Company through its subsidiaries engages in oil and gas and chemical operations in the People’s Republic of China (PRC).
China National Offshore Oil Corporation (CNOOC) is one of the largest state-owned oil companies, and the largest offshore oil and gas producer in China. Established in 1982, the Company has its headquarters in Beijing. It now has 65,800 employees and registered capital of RMB 94.9 billion.