The development history of Sinopec Engineering Construction Corporation

Hello, dear! The enterprises directly under the subsidiaries of Sinopec Stone Engineering Construction are as follows (the two major listed companies are Yizheng Chemical Fiber and Shanghai Petrochemical): Nanjing Chemical Industry**** Lianyungang Soda Plant Southwest Petroleum Bureau Logging Company Beijing Oriental Petrochemical Co., Ltd. Beijing Yanhua Environmental Protection Division Beijing Yanhua Synthetic Rubber Division Beijing Yanhua Petrochemical Co., Ltd. **** Chemical Plant No. 1 Yizheng Chemical Fiber Co., Ltd. Research Institute Sinopec Qilu Branch Research Institute Shandong Qilu Keli Chemical Research Institute **** Shandong Qilong Chemical Co., Ltd. **** Chang Refining Catalyst Plant Chengdu Huachuan Lingjian Petroleum and Natural Gas Exploration and Development Corporation Oil Construction Engineering Branch Beijing Yanshan Branch Refinery Sichuan Deyang Xinchang Gas Field Development Co., Ltd. Sinopec Petroleum Exploration and Development Research Institute Sinopec Tianjin Petrochemical Company Chemical Fiber Plant.

Subsidiaries include subsidiaries, branches, and franchise companies. Subsidiaries and branches are both subsidiaries of the head office, but there is a big difference in the essence between the two. The subsidiary company can be two institutions with different businesses of parallel brands, with equal status and no relationship between superiors and subordinates, but they belong to the same group.

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Summary. Hello! Sinopec is a leading enterprise in China's state-owned petroleum and chemical industry, with several engineering companies.

According to the information I have learned, Sinopec's subordinate engineering companies include Sinopec Engineering, Sinopec Engineering Construction, Sinopec International Engineering, etc. These engineering companies have a wide range of business coverage at home and abroad, from oil exploration and development to petrochemical engineering construction.

Hello! Sinopec is a leading enterprise in China's state-owned petroleum and chemical industry, with several engineering companies. According to the information I have learned, Sinopec's subordinate engineering companies include Zhongshaoxiang Petrochemical Engineering, Sinopec Engineering Construction Macro Index, Sinopec International Engineering Youyanchai Co., Ltd., etc.

These engineering companies have a wide range of business coverage at home and abroad, from oil exploration and development to petrochemical engineering construction.

Sinopec has a number of engineering companies with extensive experience and expertise in the petroleum and chemical industry. It undertakes the engineering construction and project management tasks of Sinopec Group, covering the fields of petroleum exploration, oil refining, chemical industry, natural seepage and gas management. These engineering companies have a number of projects and businesses at home and abroad, providing strong support for the development of Sinopec.

Sinopec Engineering is the core engineering company of Sinopec Group, which mainly undertakes engineering design, general contracting, project management and other tasks. Sinopec Engineering Construction **** is another important engineering company of Sinopec Group, focusing on petroleum and chemical engineering construction. Sinopec International Engineering **** is mainly responsible for Sinopec's overseas engineering projects.

Summary. Sinopec's development strategy is to implement the resource strategy, adhere to the diversification of resource acquisition, based on natural gas, refined oil resources, alternative energy and unconventional energy, optimize and integrate resources, promote refining and chemical integration, achieve scale, and maximize the value of resource utilization. Promote green and low-carbon strategies, develop low-carbon resources, improve market competitiveness and strengthen the leading position of the domestic market.

Dear, Sinopec's development strategy is to implement the resource strategy, adhere to the diversification of resource acquisition, based on natural gas, refined oil resources, alternative energy and unconventional energy, resource optimization and integration, promote refining and chemical integration, achieve scale, and maximize the value of resource utilization. Promote green and low-carbon strategies, develop low-carbon resources, improve market competitiveness and strengthen the leading position of the domestic market.

On November 23, 2020, Sinopec signed a letter of intent for strategic cooperation with the Energy Research Institute of the National Development and Reform Commission, the National Center for Climate Change Strategy and International Cooperation, and the Low Carbon Energy Laboratory of Tsinghua University, respectively, to jointly study and propose the strategic path of Sinopec to lead the energy and chemical industry in "carbon peak" and "carbon neutrality". Sinopec Shenji will focus on green and low-carbon development from a strategic and overall perspective, and move towards the "net zero" goal, which is not only a major responsibility for the energy and chemical industry, but also a profound revolution in the industry. The adjustment of the strategic direction of the leading enterprises in China reflects the imperative development of green petrochemicals in China.

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Kiss, yes.

In recent years, the overall industry capacity has continued to expand, product sales are good, in the short term, petrochemical enterprises are facing the pressure of increasing environmental protection costs, some small and medium-sized petrochemical enterprises with low productivity and insufficient capital will have to face the crisis of closing or closing down. However, in the long run, the environmental dust protection policy will accelerate the pace of development of traditional petrochemical industry to high-end, clustered, base-based and green, and the production of large-scale petrochemical enterprises will move towards high-quality development.

PetroChina is the largest company in China National Petroleum and Natural Gas, and Sinopec is the largest company in China Petroleum & Chemical Corporation.

The north of the Yangtze River is mostly PetroChina, and the south of the Yangtze River is mostly Sinopec. PetroChina is mainly engaged in oil production and refining, and Sinopec is mainly engaged in oil refining and production of downstream products.

PetroChina's oil is mainly extracted from China, and Sinopec mainly imports from abroad**.

CNPC was transformed from China National Petroleum Corporation (CNPC). The main team is the former Ministry of Petroleum Industry. Sinopec Group was transformed from China Petroleum & Chemical Corporation (Sinopec).

Since PetroChina is the team of the Ministry of Petroleum, it originally owned almost all domestic oil fields. Sinopec owns large oil refineries and chemical fiber plants.

Dear, Sinopec has a long history. In 1983, China Petroleum & Chemical Corporation was decided to concentrate the country's important oil refining, petrochemical and chemical fiber enterprises to form China Petroleum & Chemical Corporation. From 1983 to 1997, the total assets of Sinopec increased from 21 billion yuan to 340 billion yuan, and China Petroleum & Chemical Corporation was formally established on July 27, 1998.

At the end of 1998, Sinopec's total assets amounted to 427.5 billion yuan, of which 154.8 billion yuan were owned by owners' equity. In 1998, Sinopec achieved sales revenue of 281.8 billion yuan, profits and taxes of 26.6 billion yuan, including profits of 100 million yuan. Due to the change of management system and the enhancement of economic strength, Sinopec Corporation was selected as one of the Fortune Global 500 companies for the first time, ranking 73rd in terms of sales revenue in 1998.

On February 28, 2000, Sinopec Corporation was formally established, and at the end of March 2000, according to the decision-making of Sinopec and Sinopec, China New Star Petroleum was merged into Sinopec Corporation as a whole and became a wholly-owned subsidiary of Sinopec Group.

In October 2000, Sinopec** was successfully listed in New York, Hong Kong and London, with an initial public offering of 100 million H shares, raising 100 million US dollars. In August 2001, Sinopec successfully issued 2.8 billion A shares in China and listed them in Shanghai, raising RMB 11.8 billion, becoming the only international listed company in China to be listed in Hong Kong, New York, London and Shanghai.

At present, Sinopec Corporation is the No. 1 in Asia.

1. The world's fourth largest oil refining company, the first in Asia.

1. The world's seventh largest petrochemical company, and also the largest marketer of refined oil and petrochemical products in China, the first importer and the second largest domestic producer. Sinopec ranked 31st in the 2004 Fortune Global 500 list.

It's PetroChina!

PetroChina and Sinopec are the same in terms of business structure, both are upstream, midstream and downstream integrated energy and chemical companies, PetroChina's predecessor is China National Petroleum Corporation, responsible for the extraction, storage and transportation of oil, basically upstream business; Sinopec, formerly known as China Petroleum & Chemical Corporation (Sinopec), was established in 1983 and is mainly engaged in oil refining, petrochemical and refined oil distribution, basically in the midstream and downstream business. In 2000, the two companies were reorganized, and part of PetroChina's oilfield exploration and exploitation enterprises were transferred to Sinopec, and some of Sinopec's oil refining enterprises and sales enterprises were transferred to PetroChina. At present, the strength of PetroChina's upstream business is still stronger than that of Sinopec, and Sinopec's refining and sales business is stronger than that of PetroChina.