china petroleum & chemical corporation (abbreviation sinopec group) was in july 1998 reorganization of the former china national petroleum & chemical corporation, established on the basis of large petroleum and petrochemical enterprise group, it is the state-owned company set up by the state-owned, state-authorized investment institution and country holding company. companies registered capital of 231.6 billion yuan, chairman of the legal representative, headquartered in beijing.
its wholly-owned companies, state-owned assets related to holding companies, shares of companies to benefit from the exercise of the assets, major decisions and choose managers and other investors in the power of state-owned assets management, administration and supervision according to law, and increasing the value corresponding to assume responsibility. holding company of china petroleum & chemical corporation has in october 2000 and august 2001 issue of h shares and a shares in overseas or domestic, and listed in hong kong, new york, london and shanghai.
the company's main business scope includes: industrial investment and investment management; oil and gas exploration, exploitation, storage and transportation (including pipelines), marketing and comprehensive utilization; coal production, sales, storage and transportation; petroleum refining; refined oil storage , transport, wholesale and retail; petrochemical, natural gas, coal chemical and other chemical products production, sale, storage, transport; new energy, geothermal energy production, sale, storage, transportation; petroleum and petrochemical engineering exploration, design, consulting, construction, installation; petroleum and petrochemical equipment maintenance, maintenance; mechanical and electrical equipment r & d, manufacturing and sales; production and sale of electricity, steam, water and industrial gases; technology, e-commerce and information, alternative energy products research, development, applications, advisory services; self-agent import and export of goods and technology related; foreign project contracting, bidding, labor export; international warehousing and logistics business.