Sinopec Wins Bid for Special Asphalt for Racing Track

On February 13 Sinopec and Shanghai International Circuit held a signing ceremony in Beijing for the contract to supply special asphalt for racing track use. Mr. Wang Jiming,Vice Board Chairman and President of Sinopec and Mr. Wang Tianpu, Senior Vice President of Sinopec, attended the ceremony.     

Sinopec to Acquire Maoming Petrochem Giant

Sinopec Corp. is considering a plan to purchase Maoming Petrochemical Company from its parent company next year, said Zhang Jiaren, director and vice president of Sinopec Corp. Maoming Petrochemical Company in Guangdong Province is one of the country's two oil refining enterprises with the production capacity exceeding 10 million tons.Zhang Jiaren said three companies under Sinopec-Maoming Petrochemical Company, Tianjin Petrochemical Company and Luoyang Polyester Company are the targets for acquisition, but Maoming is most mature for acquisition at present time because of its normal production and promising     

Australia Won First Contract to Supply LPG to China

China National Offshore Oil Corp.(CNOOC)declared on August 8, 2002 that Australia Liquefied Natural Gas Company (ALNG) affiliated to Woodside Petroleum Corporation has been accepted as the supplier of LNG (liquefied natural gas) for its LNG distribution station in Guangdong Province.……     

Sinopec Strengthens Exploration and Development in West China

Yakela-Dalaoba Gas Field brought under development The first gas field of Sinopec Northwest Company was brought under development in early December, 2004. It is one of the important measures Sinopec has taken to support the campaign for developing West China and promote the local economic development in Xinjiang.     

CPECC Broke Ground for EPC Project in Algeria

On August 20, 2005, ground breaking ceremony of EPC project, a condensate refinery with a annual capacity of 5million tons, was held in Skikda, western Algeria, its construction will be undertaken by China Petroleum Engineering Construction Company （CPECC）, a subsidiary of CNPC. Algerian President Abdelaziz Bouteflika presented at the ceremony with his governmental officials. Present were top managers of the project owner, Algerian State Oil Company （SONATRACH）, and Mr. Wang Yilin, Vice President of CNPC and CNPC delegation.     

New Management Circle of Sinopec Corp Formed

The First ExtraordinaryGeneral Meeting for the Year2003 of China PetrochemicalCorporation (“Sinopec Corp”)was held in Beijing on April22. The shareholders carefullyexamined the “Work Report ofthe First Session of the Boardof Directors of Sinopec Corp”     

Sinopec Raises 2006 Oil and Gas Production

Sinopec Corp., the nation＇s second-biggest oil company, is expected to produce 1.9 percent more crude oil and 11 percent more gas in 2006 as the nation＇s energy demand continually rises. The company may pump 40 million tons of crude oil and 7 billion cubic meters of natural gas from domestic fields this year, said Sinopec Corp in a statement released in late December. The company produced 39.27 million tons of crude oil and 6.3 billion cubic meters of gas last year. Chinese oil companies are increasing investments in oil and gas exploration to meet demands by the world＇s fastest-growing major economy, which expanded 10.7 percent in the first three quarters of this year.     

Sinopec, BP Joint Hands for a World-Class Acetic Acid Base

China Petroleum and Chemical Corporation （Sinopec） and British Petroleum Co. PLC （BP）, both of them are listed in the world top 500 enterprises, have jointed their hands to build a world-class acetic acid production base, On November 3, 2005, Sinopec and BP held a ceremony at the Diaoyutai State Guesthouse to celebrate the establishment of BP YPC Acetyls Company （Nanjing） Ltd., a joint venture. At thc ceremony, Chen Tonghai, Chairman of Sinopec Corp., and Lord Browne, Group Chief Executive of BP, unveiled for the Joint Venture Company.     

China’s Two Oil Giants Halt Oil Products Exports

CNPC, China＇s largest oil producer, and Sinopec, the nation＇s largest refiner expressed they would increase their oil processing and halt oil products exports in the third quarter to ensure domestic supply. Vice president of CNPC Wang Yilin said on June 2 that CNPC would stop oil products export and increase the imports to secure the domestic market supplies. Meanwhile, Sinopec President Wang Tianpu also said that Sinopec would raise production, halt exports and adjust product structure to ensure domestic supply, especially for the reconstruction after the earthquake, the summer harvest and the Olympic Games. PetroChina said it would keep its operation at full steam in June to jack up its oil processing by 6 percent over the previous month. The oil giant would also import 600,000 tons of oil products. Sinopec will cut its ethylene production by 65,000 tons, or 11 percent of its monthly production capacity, in June to expand oil product supplies by 200,000 tons. It will also reduce arene production to raise oil products supplies.     

PetroChina, Sinopec Invest for Development Northeastern Sichuan Gas Field

PetroChina and Sinopec Corp, China‘s two oil giants, have planned to invest 10 billion yuan for development of the large gas field in the northeastern part of Sichuan Basin where the natural gas reserves are estimated to exceeded 1.6 trillion cubic meters. With the unique geographic     

SINOPEC： Strategies ＆ Development Directions of Natural Gas Sector

Natural gasfields of SINOPEC Large scale gasfields discovered The discovery of Puguang Gas Field marks that Sinopec has possessed its own natural gas industry in the real sense.     

理论创新和技术进步支撑引领百亿气田建设

"十二五"以来,中国石化西南油气分公司面对日益复杂的勘探开发对象和扭亏创效的巨大挑战,坚持科技创新,发展完善了陆相碎屑岩和海相碳酸盐岩两项勘探理论,形成了生物礁、河道砂岩和致密砂岩等三类气藏开发配套技术,创新发展了智能滑套分段改造工艺、喷封压一体化储层改造工艺、脉冲压裂技术、超深高含硫水平井钻完井及投产关键技术等工程技术。上述理论创新和技术进步有力支撑了四川盆地川西陆相碎屑岩、川西海相碳酸盐岩、川南海相页岩气、川东北元坝海相碳酸盐岩等领域的重大突破,发现了3个千亿立方米级规模天然气商业储量区,探明了2个、建成了3个大中型气田,天然气储产量创历史新高。"十三五"期间,将重点攻关深层海相碳酸盐岩气藏勘探开发、深层页岩气商业开发、高含硫气田安全开发和开发老区气藏提高采收率技术,到"十三五"末天然气年产量力争达到(100~120)×10~8 m~3。     

Agreement on World-class Fujian Refining Integration Project Signed

Fujian Petrochemical Company Limited (FPCL),a 50%-50% joint between Sinopec Corp and Fujian Provincial Government, signed a agreement with ExxonMobil and Aramco Overseas Company B.V.(Saudi Aramco) on August 26 to jointly fund the front end loading (FEL) design activity for a more than $3.5 billion dollar project involving expansion of the existing refinery in Fujian Province and addition of a chemical complex.     

川东北礁滩天然气勘探新进展及关键技术

川东北地区位于四川盆地东北部,是中国石化勘探南方分公司天然气勘探的主战场。该区地表地形复杂,二叠系、三叠系目的层埋藏深（5 500～7 500 m）,储层受沉积相带控制,识别难度大,经历多期构造演化且各区块差异大,给油气勘探带来极大的困难。近年来,该公司在已有成果认识的基础上,通过深化二叠系、三叠系台缘礁滩相油气地质综合研究及勘探技术攻关,进一步明确了台缘礁滩相储层发育特征和油气成藏富集规律;形成了独具特色的“相控三步法”礁滩储层有效预测技术和深部高精度三维地震采集处理一体化及复杂超深井钻井等先进适用配套技术,使得礁滩相勘探目标不断拓宽;探明了普光气田,新近发现了元坝气田,还取得了涪陵北部高陡复杂构造区复向斜部位礁滩相勘探突破,实现了天然气储量的快速增长。     

Sinopec Sees Tremendous Rise in Its First-half Net Profit

Sinopec Corp, China's second largest oil producer,released its first-half net profit on August 30, which rose 51 percent to 16 billion yuan (US$2 billion) owing to the increased domestic demand and higher oil prices. Earnings per share rose from 0.12 yuan to 0.19 yuan. The company produced 136 million barrels of oil and 100 billion cubic feet of natural gas in the first six months of this year. Sinopec expects that the global demand for crude oil will continue to grow in the second half, with crude oil prices fluctuating at a relatively high level.     

安全、平稳、高效开发塔里木盆地天然气

塔里木盆地是中国最大的含油气盆地，天然气资源丰富，天然气勘探开发处于早期阶段，是“西气东输”工程的供气源头。中国石油塔里木油田公司在该盆地天然气开发过程中始终坚持依靠科技，强化管理，确保了天然气开发生产的安全、平稳、高效。自2004年正式向“西气东输”工程供气以来，塔里木盆地天然气开发形势快速发展，至2007年底，已建成以克拉2气田为龙头的共计5个天然气生产基地，天然气产量平稳快速上升，2007年天然气产量超过150×10⁸ m³，已经具备向“西气东输”工程稳定供气的条件，履行了对国家和社会的承诺，实现了经济、政治、社会三大责任。     

Sinopec to Construct New Refinery in East China

China Petrochemical Corp (Sinopec), Asia‘s largest refiner, is beckoning Saudi Arabian Oil Company, or Saudi Aramco, to take a stake in its proposed US$13 billion refinery in Qingdao, East China‘s Shandong Province, in an attempt to bring in crude imports from Saudi Arabia to feed the     

中国石油化工集团公司

中国石油化工集团公司（中国石化）是集石油勘探开发、炼油、化工及产品营销于一体的能源化工企业，2005年实现主营业务收入8230．12亿元人民币，在《财富》2006年度全球500强企业中排名第23位，其控股的中国石油化工股份有限公司在香港、纽约、伦敦和上海四地上市。     

窄河道远源致密砂岩气藏断层特征及天然气富集规律——以四川盆地中江气田侏罗系沙溪庙组气藏为例

四川盆地中江气田侏罗系沙溪庙组气藏是中国石化西南油气分公司"十二五"天然气增储上产的主要阵地,过去"烃源断层+河道砂岩体+局部构造"的天然气成藏富集模式不能有效地指导勘探井位部署,严重制约了该地区的天然气勘探开发进程。为此,基于断层演化、断层要素、断砂配置(烃源断层与河道砂岩体的配置关系)、圈闭类型、气藏解剖等分析,探讨了区域断层特征及天然气成藏富集规律。结论认为:(1)该区沙溪庙组气藏成藏富集规律主要受"源、相、位"三个因素的控制,具有"源控区、相控带、位控藏"的规律,即"深源浅聚、断砂疏导,多期河道、差异成藏,调整富集、甜点富气";(2)烃源断层和河道砂岩体良好的配置关系是该区天然气成藏的基础条件,天然气在断砂配置好的构造或部位优先富集成藏,后期构造调整形成的单斜构造仍可富气成藏,而多断层夹持区及断层破碎带附近则主产水、不成藏;(3)断层不发育区或远离烃源断层30 km的河道远端含气性差,富气河道砂岩体构造低部位适宜滚动建产。上述新认识可为今后川西地区中浅层天然气勘探目标优选和滚动建产提供指导。