The areas of potential cooperation include upstream and downstream businesses, engineering and construction, oilfield services, carbon capture and hydrogen.

Sinopec's crude oil production almost reached 280 mbl in 2021 (39 Mt, -0.2% on 2020), including 250 mbl in China (stable) and 30 mbl overseas (-1.8%).

"Currently the company's operations and business in Russia are largely running smooth and there are no signs of asset impairment," Sinopec's President Yu Baocai told investors and reporters during a call following its 2021 earnings release.

“Sinopec will expand forcefully into making hydrogen from renewable energy, and zero in on hydrogen for transportation fuel and using green hydrogen for refining,” acting Chairman Ma Yongsheng said.

Since 2010, China’s natural gas output increased on average by 7.5%/year to 195 bcm in 2020.

The Sinopec award comes on the heels of an agreement between Iraq and Total to jointly work on developing four associated gas and solar power projects.

Москва, 5 июня 2019 года. Сегодня в рамках официального визита Председателя Китайской Народной Республики Си Цзиньпина в Российскую Федерацию ПАО «НОВАТЭК» (далее «НОВАТЭК» и/или «Компания»), Китайская нефтехимическая корпорация Sinopec и «Газпромбанк» (Акционерное общество) подписали базовые условия соглашения о создании совместного предприятия по реализации СПГ и природного газа (далее «Соглашение») конечным потребителям на рынке Китайской Народной Республики.

China’s three state-owned oil companies are boosting domestic and overseas investment with the aim of increasing crude oil and natural gas output.

REUTERS - China’s Sinopec Corp has teamed with Zhejiang Energy Group Co Ltd on a 3 million tonne-per-year liquefied natural gas (LNG) terminal in east China, with the first phase set for operation at end-2021, the state oil giant said

REUTERS - In a statement to the Shanghai Stock Exchange, Sinopec said it had allocated 117 billion yuan of capital expenditure for 2018, up from an actual spend of 99.38 billion yuan last year. That includes a 55 percent hike in upstream spending to 48.5 billion yuan, as China’s biggest refiner looks to make the most of a rally in oil prices since early February to over $70 a barrel.