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China Petroleum and Chemical Corp.

Company Detail

Description

China Petroleum & Chemical Corporation (Sinopec) is an open capital company created in the year 2000 by the state-owned firm China Petrochemical Corporation to explore, refine, produce and sell oil and derivatives in China. Based in Beijing, in 2017 Sinopec is starting oil & natural gas production in the Santos Basin in Brazil, together with the Anglo-Dutch company Royal Dutch Shell. In Latin America, Sinopec invests US$14 thousand billions to explore "Campo Junín 1" in 55km2 of the Venezuelan oil belt in Orinoco, which operates along with the state-owned Venezuelan company PDVSA; for gas explorations in a 2,675km-long line in the Amazon Region of Bolivia, for the Bolivian state firm YPFB ; and in agreements with the Argentinean government in the oil & gas projects "Vaca Muerta" and "La Ventana", located in the provinces of Neuquen and Mendoza, respectively.

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