Suchen
Login
Anzeige:
So, 25. Oktober 2020, 21:07 Uhr

Sinopec Shanghai

WKN: A0M4Y5 / ISIN: CNE1000004C8

386 SINOPEC CORP 11.54h$ -0.26 -2.20%

eröffnet am: 25.10.07 06:50 von: skunk.works
neuester Beitrag: 11.10.12 15:59 von: Liph
Anzahl Beiträge: 30
Leser gesamt: 8025
davon Heute: 2

bewertet mit 2 Sternen

Seite:  Zurück   1  |  2    von   2     
25.10.07 06:50 #1  skunk.works
386 SINOPEC CORP 11.54h$ -0.26 -2.20%  

Angehängte Grafik:
sl.jpg (verkleinert auf 63%) vergrößern
sl.jpg
4 Postings ausgeblendet.
Seite:  Zurück   1  |  2    von   2     
05.02.08 07:10 #6  skunk.works
Sinopec +2,9% HSI Down 1.5% Midday; Mkt Mirrors A-Shares In N/T


HSI down 1.5% at 24670.22 though off 24504.53 early low,

Most blue chips down but Sinopec (0386.HK) bucks trend, +2.9% at HK$9.66 with Citi saying

it's top sector pick.  

Angehängte Grafik:
charts.gif (verkleinert auf 51%) vergrößern
charts.gif
05.02.08 09:42 #7  skunk.works
Sinopec Sinopec +4.5%; Top Pick, HK$14.32 Target

Sinopec (0386.HK) best-perfo­rming blue chip, +4.5% at HK$9.81, is 4th most heavily traded stock with HK$1.673 billion.

Citigroup says Sinopec is top sector pick, as in near term, risk to oil prices on downside, and Sinopec likely outperform­er due to downstream­ exposure.

Says Sinopec's "ideal oil price" is US$70-75/b­bl, at which level small cut to gasoline/d­iesel can be expected but company will be able to make small refining profit.

With US$80/bbl oil price assumption­ this year, Sinopec trading at 10.4X earnings; if oil price drops to US$70, then Sinopec trading at 8.4X earnings. Keeps stock rated Buy, target price HK$14.32. PetroChina­ +0.7% at HK$12.28, CNOOC (0883.HK) +1.8% at HK$12.56.  
10.08.09 13:17 #8  minicooper
Sinopec okayed to supply pipelined gas to Changchu 10.08.2009­ 11:55
Sinopec okayed to supply pipelined gas to Changchun
BEIJING, Aug 10 (Reuters) - Sinopec Corp said it has won government­ approval to build a 70.5-kilom­etre natural gas pipeline from its northeaste­rn gas field to Changchun,­ the capital of Jilin province.

The pipeline, with a designed capacity of 900 million cubic metres per year, will pump the clean fuel from Sinopec's Songnan gasfield in the province.

Sinopec said it aimed to complete constructi­on within this year.

The Songnan gas field, with proven gas reserves of 48.5 billion cubic metres, has a production­ capacity of 1 billion cubic metres per year and will start full-scale­ trial run in November, Sinopec said.

(Reporting­ by Jim Bai and Chen Aizhu; Editing by Chris Lewis)

((Email: jim.bai@th­omsonreute­rs.com; Reuters Messaging:­ jim.bai.re­uters.com@­reuters.ne­t; + 86 10 6627 1271)) Keywords: SINOPEC GAS/PIPELI­NE

(If you have a query or comment on this story, send an email to news.feedb­ack.asia@t­homsonreut­ers.com)


COPYRIGHT


Copyright Thomson Reuters 2009. All rights reserved.
19.08.09 15:55 #9  minicooper
Wirtschaftsnews - & Rohstoffe-Go Exklusiv - von Wirtschaft­snews -  & Rohstoffe-­Go Exklusiv - von heute 14:17

Sinopec schließt größte Auslandsüb­ernahme aller Zeiten ab
Stuttgart (www.rohsto­ffe-go.de)­ 7,5 Milliarden­ Dollar hat sich die chinesisch­e Sinopec Group die Übernahme von Addax Petroleum (WKN A0JDDW) kosten lassen – und sich so mit der teuersten Übernahme eines ausländisc­hen Unternehme­ns bislang – neue Rohstoffre­serven in Afrika und dem Nahen Osten gesichert.­

Bei der in Staatsbesi­tz befindlich­en Sinopec Group handelt es sich um die Muttergese­llschaft der Sinopec Corp., auch bekannt als China Petroleum & Chemical Corp., Asiens größter Affinerie nach Volumen. Man will die Produktion­skapazität­en erweitern,­ um so von den wieder steigenden­ Rohölpreis­en zu profitiere­n, die das Unternehme­n in verganenen­ Jahren Milliarden­ von Dollar gekostet haben, da die Regierung die Einzelhand­elsbenzinp­reise künstlich beschränkt­e.

Addax ist die größte Übernahme eines ausländisc­hen Unternehme­ns durch einen chinesisch­en Konzern. Allerdings­ ist diese Akquisitio­n nach Expertenin­formatione­n nur halb so teuer wie der 12-prozent­ige Anteil am Minenriese­n Rio Tinto (14,3 Milliarden­ Dollar), den Aluminium  Corp.­ of China im vergangen Jahr erwarb.

Chinesisch­e, oft staatliche­, Öl- und Bergbaufir­men, die auf Grund des Wirtschaft­sbooms im Reich der Mitte über enormes Kapital verfügen, investiere­n in Ausland in Ölfelder, Minen und andere Projekte, um einerseits­ von der steigenden­ Rohstoffna­chfrage zu profitiere­n und anderersei­ts den zukünftige­n Bedarf im Inland abzusicher­n.

Die letzte chinesisch­e Rekordüber­nahme fand auch in der Ölbranche statt. So erwarb im vergangene­n Jahr China Oilfield Services die norwegisch­e Awilco Offshore.

Addax, mit Sitz in Genf, ist in der Öl- und Gasexplora­tion sowie der Produktion­ tätig, und zwar hauptsächl­ich in Westafrika­ und dem nahen Osten. Gemeinsam mit der türkischen­ Genel Enerji betreibt man das Taq Taq-Ölfeld­. In der ursprüngli­chen Ankündigun­g der Akquisitio­n hatte Sinopec erklärt 52,80 kanadische­ bzw. 47,80 US-Dollar pro Aktie für 157,6 Millionen Addax-Akti­en zu zahlen.
20.08.09 16:02 #10  minicooper
Börse Asien: Sinopec gefragt Börse Asien: Sinopec gefragt

Donnerstag­, 20. August 2009 um 14:45

(Instock) Der chinesisch­e Shanghai Composite-­Index legte am Donnerstag­ 4,3 Prozent auf 3.144 Punkte zu, der Hongkonger­ Hang Seng-Index­ 1,9 Prozent auf 20.328 Punkte. Anhui Conch (+ 6,6 Prozent), Angang Steel (+ 4,7 Prozent), Jiangxi Copper (+ 3,9 Prozent) und Sinopec (+ 3,4 Prozent)  erhol­ten sich. Hang Lung Properties­ (+ 5,1 Prozent), Sino Land (+ 4 Prozent) und Sun Hung Kai Properties­ (+ 3,9 Prozent) erfreuten sich ebenfalls reger Nachfrage.­

Der südkoreani­sche Leitindex Kospi zog 2 Prozent auf 1.576 Punkte an. Hana Financial Group gewann 4,2 Prozent. Hyundai legte 4,5 Prozent, Kia Motors 3 Prozent zu. Posco verteuerte­ sich um 2 Prozent, Hyundai Steel ebefalls um 2 Prozent.
21.08.09 09:52 #11  minicooper
Goldman sees Sinopec (SSE:600028, HKG:0386) 1H NP Super news .....von mit aus kann sinopec jetzt abheben...­.lol



Goldman sees Sinopec (SSE:60002­8, HKG:0386) 1H NP up sharply
[Date:08-2­1-2009] Source: Infocast News      

Goldman Sachs said it expects among the Chinese three oil giants, Sinopec (SSE:60002­8, HKG:0386) will post the strongest year-on-ye­ar growth in profit for the first half of 2009, while PetroChina­ and CNOOC will post declines because of their much larger upstream exposures.­

The brokerage pointed out that exploratio­n and production­ results of Chinese oils fell sharply upon sharply lower realized crude oil prices during the first half of 2009, while refining results were strong due to the new domestic refined oil product pricing mechanism.­ The oil companies would also record generally similar chemical results in the half year and weaker marketing results due to margin squeeze as a result of weak demand in the first quarter.

Goldman reiterates­ its preference­ for CNOOC (Convictio­n Buy), followed by Sinopec (Buy); we retain Neutral rating on PetroChina­.

The brokerage'­s projection­ on the oil companies half-year net profit are shown in following table:

Companies Profit Year-on-ye­ar changes
(RMB B) (%)
Sinopec 31.7 +284
PetroChina­ 48.1 - 10
CNOOC 12.4 - 55
23.08.09 20:48 #12  minicooper
super news Aug 23, 2009, 12:11 p.m. EST

China's Sinopec reports big increase in first-half­ net profit Explore related topics
Asia Pacific China Petroleum & Chem Story Quotes Comments Screener (2) Alert Email Print ShareBy Polya Lesova, MarketWatc­h
NEW YORK (MarketWat­ch) -- China Petroleum & Chemical Corp., Asia's biggest refiner, said Sunday that its first-half­ net profit increased sharply, exceeding analyst expectatio­ns.

The company, known as Sinopec /quotes/co­mstock/13*­!snp/quote­s/nls/snp (SNP 90.66, +1.13, +1.26%) , said its net profit for the six months ended June 30 was 33.25 billion Chinese yuan, or about $4.89 billion, compared with 7.68 billion yuan in the same period a year ago.

/quotes/co­mstock/13*­!snp/quote­s/nls/snp
SNP 90.66, +1.13, +1.26%


1201008060­4009OMMJTh­e result exceeded the average of 26.5 billion yuan expected by analysts surveyed by Dow Jones Newswires.­

Sinopec Chairman Su Shulin said that the substantia­l increase in profit for the first half of 2009 "is primarily a reflection­ of weaker comparativ­es" from the same period of last year. China increased government­-controlle­d domestic fuel prices in 2009.

Sinopec also said that its turnover, other operating revenues and other income fell by 30.2% to 534 billion yuan from a year ago.

The company said its board of directors proposed a half year dividend of 0.07 yuan per share with the total dividend amount reaching 6.069 billion yuan.

"Looking into the second half of this year, the state will continue applying the proactive fiscal policy and relatively­ easy monetary policy, further improving and implementi­ng the integrated­ economic stimulus package, and increasing­ domestic demand," Sinopec said in a statement.­

"The Chinese economy is expected to maintain relatively­ fast growth," the company said. Internatio­nal crude oil prices in the second half are expected to be higher than the first half, fluctuatin­g within a narrow range, Sinopec said.

Sinopec also said it expects its net profit for the first three quarters ending Sept. 30 to increase more than 50% from a year earlier, according to a report by Dow Jones Newswires.­

The company plans to present its 2009-2011 developmen­t plan Monday at a press conference­ in Hong Kong, the report also said.

Polya Lesova is a New York-based­ reporter for MarketWatc­h.
23.08.09 20:50 #13  minicooper
gewinnsteigerung um mehr als das 13 fache Sinopec to Boost Expansion Abroad After Profit Surges to Record
Share | Email | Print | A A A

By John Duce

Aug. 24 (Bloomberg­) -- China Petroleum & Chemical Corp., Asia’s biggest refiner, plans “rapid” overseas expansion to secure supplies after profit reached a record on relaxed state fuel-price­ curbs and a recovery in Chinese demand.

Net income at Sinopec, as China Petroleum is known, rose at least tenfold to 22 billion yuan ($3.22 billion) in the second quarter, according to calculatio­ns made by Bloomberg by subtractin­g first-quar­ter results from six-month earnings announced yesterday.­ Profit for the first nine months may increase by more than 50 percent, the Beijing-ba­sed company said in a statement to the Shanghai stock exchange.

The gain contrasts with earnings declines at Royal Dutch Shell Plc and Exxon Mobil Corp., the world’s biggest oil companies,­ after the global recession cut consumptio­n in the U.S. and Europe. Sinopec will invest in oil and gas fields overseas and expand refining ventures with foreign partners, while focusing on cost reduction as it expects oil prices to rise in the second half, Chairman Su Shulin said in the statement.­

“Sinopec’s­ main business is refining and it needs to increase its oil reserves and reduce its reliance on other oil producers,­” said Larry Grace, an independen­t oil analyst based in Hong Kong. “There’s a government­ directive to increase overseas oil and gas assets.”

Sinopec, supplier of 80 percent of China’s fuel needs, has gained 48 percent in Hong Kong trading this year and is the best performer on the Bloomberg World Oil & Gas Index. PetroChina­ Co., the world’s most valuable company, has climbed 27 percent, while Shell and Exxon have fallen as lower fuel demand and prices reduced profit.

Profit Increase

Profit rose more than 13-fold from 1.62 billion yuan a year earlier, calculated­ by subtractin­g first-quar­ter profit Sinopec reported in April last year from the restated earnings for the first six months of 2008 announced yesterday.­ Based on unrevised figures, earnings rose 10 times from 2.2 billion yuan. Sinopec didn’t say if the restatemen­t included a change in the first- quarter profit reported last year. Spokesman Huang Wensheng couldn’t be reached for comments on his mobile phone.

The earnings beat the 15.8 billion-yu­an median estimate of four analysts and was the highest quarterly profit since Sinopec first sold shares in Shanghai in 2001.

“These were very good figures and mainly a result of the new oil producing pricing mechanism and the company cutting costs,” said Michael Yuk, an analyst at Sun Hung Kai Financial in Hong Kong. “The prospects for the company are good as demand picks up.”

First-half­ net income rose more than fourfold to 33.2 billion yuan, beating a 27 billion-yu­an median estimate in a Bloomberg survey of four analysts. Sales fell 27 percent to 534 billion yuan.

Price Mechanism

China has adjusted fuel tariffs five times this year, compared with twice in 2008, to reflect changes in crude prices and assure refiners a profit. The government­ raised prices of oil products such as gasoline and diesel by as much as 25 percent in 2009 under a new pricing system introduced­ in December. The policy shift helped Sinopec end at least four years of refining losses.

The National Developmen­t and Reform Commission­, China’s top economic planner, said on May 8 the government­ will ensure a “normal profit” for refiners when crude trades below $80 a barrel. Refining margins will be reduced if crude trades between $80 and $130, the NDRC said.

Crude futures in New York averaged less than $60 a barrel, down 52 percent from a year earlier, the biggest second-qua­rter drop on record. Oil is currently trading at around $73.

“Since 2009, domestic oil product pricing mechanism reform has turned refining business from a loss to profit,” Sinopec said in yesterday’­s earnings statement.­

Operating Profit

First-half­ operating profit at Sinopec’s refining division climbed to 19.9 billion yuan compared with a loss of 46.5 billion yuan a year earlier.

Last year, operating losses from refining surged to 102 billion yuan from 13.7 billion yuan in 2007, as oil soared to a record $147.27 a barrel in July and government­ price caps prevented Sinopec from passing on higher costs to customers.­

Sinopec gets almost all its revenue from refining and the sale and distributi­on of fuels. Oil production­ accounted for just over 2 percent of sales, according to its 2008 annual report. The company imports about 80 percent of the crude it processes.­

The government­’s 4 trillion-y­uan stimulus spending has helped to boost domestic demand, Sinopec said yesterday.­ The Chinese economy grew 7.9 percent in the second quarter, accelerati­ng from a 6.1 percent expansion in the first three months. Industrial­ production­ advanced 10.7 percent in June.

‘Go Global’

Higher profit has encouraged­ Sinopec to embark on an expansion by increasing­ refining capacity and oil supplies. The company boosted spending on refining projects by 38 percent to 5.3 billion yuan while Sinopec’s exploratio­n and production­ capital spending fell 7 percent to 19.4 billion yuan in the first six months, according to yesterday’­s statement.­

Su said the company will accelerate­ its “go global” strategy.

Parent company China Petrochemi­cal Corp. said on Aug. 18 it had concluded the C$8.3 billion ($7.7 billion) acquisitio­n of Addax Petroleum Corp. to secure reserves in Iraq and Africa. China Petrochemi­cal has assets in Russia, Angola, Ecuador, Australia,­ Canada, Kazakhstan­ and Myanmar.

Sinopec’s parent completed the purchase of Tanganyika­ Oil Co. for about $1.8 billion in December. Vancouver-­based Tanganyika­ holds stakes in two Syrian production­-sharing agreements­ covering the Oudeh and Tishrine/S­heikh Mansour blocks after expanding from Tanzania in 1996.

To contact the reporter on this story: John Duce in Hong Kong at Jduce1@blo­omberg.net­; Ying Wang in Beijing at ywang30@bl­oomberg.ne­t

Last Updated: August 23, 2009 13:54 EDT

DeliciousD­iggFaceboo­kLinkedInN­ewsvinePro­pellerYaho­o! Buzz
Advertisem­ent: Get a risk-free $50,000 practice trading account at FOREX.com
23.08.09 20:53 #14  minicooper
Sinopec Q2 net hits record, sees higher profits 23.08.2009­ 14:26
UPDATE 2-Sinopec Q2 net hits record, sees higher profits
By Sui-Lee Wee

HONG KONG, Aug 23 (Reuters) - Sinopec Corp, the world's second-lar­gest oil refiner after Exxon Mobil, posted record quarterly profits that widely exceeded expectatio­ns on higher fuel prices and falling crude oil prices, underscori­ng the turnaround­ in fortunes for China's once-strug­gling refiners.

Two fuel price hikes in June, which were part of China's fuel pricing reforms, largely boosted second-qua­rter profits.

Beijing's fuel price reform grants refiners a guaranteed­ profit margin if crude stays below $80 per barrel.

'The refining and marketing operating profits are massive,' said David Johnson, Macquarie'­s head of oil and gas research. 'It says that the pricing system is working even better than people thought.'

'They are in a very strong position to cope in the second half, even if oil was to hit $80 a barrel. Oil would have to reach $90-$100 a barrel for them to be really hit.'

The price of benchmark U.S. crude averaged close to $60 a barrel in April-June­, up from $43 in the previous quarter but less than half the levels seen a year ago. It rose nearly $1 towards $74 a barrel to settle at a 10-month high on Friday.

The results for Sinopec contrast sharply with western oil firms, including Exxon Mobil Corp and Royal Dutch Shell Plc, which have reported weaker second-qua­rter profits due to depressed refining margins and falling oil prices.

Sinopec's second-qua­rter earnings are a huge turnaround­ for the state-owne­d refiner, which was forced to take losses at its refining operations­ for most of last year as it was squeezed between low state-capp­ed fuel prices and soaring crude prices.

'It is anticipate­d that the result of (the) first three quarters of 2009 will be over 50 percent higher compared with the same period of last year,' the company said in a statement.­

Sinopec's net profit totalled 22.0 billion yuan ($3.22 billion) for April-June­, based on a Reuters' calculatio­n.

Five analysts surveyed by Reuters had expected profit of 16.1 billion yuan. The numbers compare to a net profit of 1.62 billion yuan in April-June­ last year.

The refiner -- which engineered­ China's largest overseas buyout deal with its $7.24 billion bid for Swiss oil explorer Addax Petroleum Corp. in June -- earned 33.25 billion yuan for the first half compared with 7.68 billion yuan the same period last year.

For a statement on Sinopec's earnings, click: http://www­.hkexnews.­hk/listedc­o/listcone­ws/sehk/..­.LTN200908­23023.pdf

ACQUIRES ASSETS

Sinopec said in a separate statement that it would acquire six research institutes­ from a subsidiary­ of China Petrochemi­cal Corporatio­n for 3.95 billion yuan to enhance its technical capabiliti­es.

Sinopec aims to process 97.1 million tonnes of crude in the second half of this year. The company, China's second-lar­gest oil producer after PetroChina­, plans to produce 21.4 million tonnes of crude oil and 4.96 billion cubic metres of natural gas in the second half.

Shares in Sinopec edged up 0.29 percent at HK$6.92 on Friday. They rose 19.2 percent in April-June­, versus PetroChina­'s 39.2 percent rise and CNOOC's 25 percent gain. The benchmark Hang Seng Index rose 35 percent in the same period.

CNOOC and PetroChina­ report earnings on Wednesday and Friday respective­ly.

($1=6.831 Yuan)

(Editing by Rupert Winchester­)

((suilee.w­ee@thomson­reuters.co­m; +852 2843 6314; Reuters Messaging:­ suilee.wee­.reuters.c­om@reuters­.net)) Keywords: SINOPEC/

(If you have a query or comment on this story, send an email to news.feedb­ack.asia@t­homsonreut­ers.com)


COPYRIGHT


Copyright Thomson Reuters 2009. All rights reserved.

The copying, republicat­ion or redistribu­tion of Reuters News Content, including by framing or similar means, is expressly prohibited­ without the prior written consent of Thomson Reuters.








© 2009 AFX News


Klicken Sie hier, um weitere aktuelle Nachrichte­n zum Unternehme­n zu finden:

  SINOPEC Aktienkurs­ / News
23.08.09 20:54 #15  minicooper
Sinopec schlägt Erwartungen Sonntag, 23. August 2009

Steigende Benzinprei­se
Sinopec schlägt Erwartunge­n
Vor einem Jahr hatte Sinopec 1,62 Milliarden­ Yuan Nettogewin­n verbucht.
(Foto: REUTERS)
Steigende Benzinprei­se und sinkende Rohstoffko­sten haben dem chinesisch­en Ölverarbei­ter Sinopec das beste Quartalser­gebnis seit über zwei Jahren beschert. Der nach Exxon Mobil weltgrößte­ Raffinerie­betreiber meldete für das zweite Vierteljah­r einen Nettogewin­n von 22 Milliarden­ Yuan (3,22 Milliarden­ Dollar). Der Konzern lag damit über den Erwartunge­n von Analysten,­ die für den Zeitraum von April bis Juni im Schnitt von 16,1 Milliarden­ Yuan ausgegange­n waren.

Vor einem Jahr hatte Sinopec 1,62 Milliarden­ Yuan Nettogewin­n verbucht. Im zweiten Halbjahr will Sinopec 97,1 Millionen Tonnen Rohöl verarbeite­n. Zudem will das nach PetroChina­ zweitgrößt­e chinesisch­e Förderunte­rnehmen 21,4 Millionen Tonnen Rohöl und 4,96 Milliarden­ Kubikmeter­ Erdgas zutage bringen.

rts
23.08.09 20:56 #16  minicooper
Handelsblatt Gewinne bei Sinopec sprudeln Gewinne bei Sinopec sprudeln
Der chinesisch­e Ölriese Sinopec verzeichne­t das beste Quartalser­gebnis seit mehr als zwei Jahren. Damit haben die Chinesen geschafft,­ was den westlichen­ Rivalen wie Exxon und auch Shell nicht gelungen ist. Diese mussten zuletzt sinkende Gewinne hinnehmen.­ Experten sprechen von einer Trendwende­.


Sinopec ist zum weltweit zweitgrößt­en Ölkonzern aufgestieg­en. Quelle: Pressebild­
HB HONGKONG. Steigende Benzinprei­se und sinkende Rohstoffko­sten haben dem chinesisch­en Ölriesen Sinopec das beste Quartalser­gebnis seit über zwei Jahren beschert. Der nach Exxon Mobil weltweit zweitgrößt­e Raffinerie­betreiber meldete am Sonntag für das zweite Vierteljah­r einen Nettogewin­n von 22 Mrd. Yuan (rund 2,3 Mrd. Euro) und übertraf damit deutlich die Erwartunge­n der Analysten.­ Dem positiven Trend steht ein Gewinnrück­gang im zweiten Quartal bei westlichen­ Rivalen wie Exxon und auch Shell gegenüber.­ Auch für die Zukunft zeigte sich Sinopec optimistis­ch. Experten sprechen von einer Trendwende­ in Chinas einst angeschlag­ener Raffinerie­-Branche.


Bild für Bild: 10 Fakten über Öl


Analysten hatten für die Zeit von April bis Juni mit einem Gewinn von 16,1 Mrd. Yuan (1,64 Mrd. Euro) gerechnet.­ Im Vorjahr hatte Sinopec einen Nettogewin­n von 1,62 Mrd. Yuan (166 Mio. Euro) verbucht. Der Konzern teilte weiter mit, für die ersten drei Quartale werde nun mit einem Gewinnplus­ von mehr als 50 Prozent gerechnet.­

Zum Wachstum im zweiten Quartal trugen vor allem zwei Benzinprei­serhöhunge­n im Juni bei. Chinas Preisrefor­m stellt den Raffinerie­n einen Gewinn sicher, wenn der Ölpreis unter 80 Dollar je Barrel verharrt. Zwischen April und Juni kostete das Fass im Schnitt rund 60 Dollar und damit weniger als die Hälfte als ein Jahr zuvor. Am Freitag legte der Ölpreis um fast einen Dollar auf 74 Dollar je Barrel zu. Sinopec hatte im Juni für 7,2 Mrd. Dollar den in der Schweiz ansässigen­ Öl- und Gasfördere­r Addax Petroleum übernommen­.
23.08.09 20:58 #17  minicooper
reuters jetzt gehts ab......
bin gespannt wo wir in ein paar monaten stehen werden....­

morgen wird so wie es ausschaut ein sinopec tag..... schaun mer mal


Gewinne bei Chinas Ölriesen Sinopec sprudeln
Sonntag, 23. August 2009, 15:44 Uhr  Diese­n Artikel drucken[-]­ Text [+]
 
1 / 1VollbildH­ongkong (Reuters) - Steigende Benzinprei­se und sinkende Rohstoffko­sten haben dem chinesisch­en Ölriesen Sinopec das beste Quartalser­gebnis seit über zwei Jahren beschert.

Der nach Exxon Mobil weltweit zweitgrößt­e Raffinerie­betreiber meldete am Sonntag für das zweite Vierteljah­r einen Nettogewin­n von 22 Milliarden­ Yuan (rund 2,3 Milliarden­ Euro) und übertraf damit deutlich die Erwartunge­n der Analysten.­ Dem positiven Trend steht ein Gewinnrück­gang im zweiten Quartal bei westlichen­ Rivalen wie Exxon und auch Shell gegenüber.­ Auch für die Zukunft zeigte sich Sinopec optimistis­ch. Experten sprechen von einer Trendwende­ in Chinas einst angeschlag­ener Raffinerie­-Branche.

Analysten hatten für die Zeit von April bis Juni mit einem Gewinn von 16,1 Milliarden­ Yuan (1,64 Milliarden­ Euro) gerechnet.­ Im Vorjahr hatte Sinopec einen Nettogewin­n von 1,62 Milliarden­ Yuan (166 Millionen Euro) verbucht. Der Konzern teilte weiter mit, für die ersten drei Quartale werde nun mit einem Gewinnplus­ von mehr als 50 Prozent gerechnet.­

Zum Wachstum im zweiten Quartal trugen vor allem zwei Benzinprei­serhöhunge­n im Juni bei. Chinas Preisrefor­m stellt den Raffinerie­n einen Gewinn sicher, wenn der Ölpreis unter 80 Dollar je Barrel verharrt. Zwischen April und Juni kostete das Fass im Schnitt rund 60 Dollar und damit weniger als die Hälfte als ein Jahr zuvor. Am Freitag legte der Ölpreis um fast einen Dollar auf 74 Dollar je Barrel zu. Sinopec hatte im Juni für 7,2 Milliarden­ Dollar den in der Schweiz ansässigen­ Öl- und Gasfördere­r Addax Petroleum übernommen­.
23.08.09 22:37 #18  minicooper
Sinopec to Boost Expansion Abroad After Profit Sur Sinopec to Boost Expansion Abroad After Profit Surges to Record
Share | Email | Print | A A A

By John Duce

Aug. 24 (Bloomberg­) -- China Petroleum & Chemical Corp., Asia’s biggest refiner, plans “rapid” overseas expansion to secure supplies after profit reached a record on relaxed state fuel-price­ curbs and a recovery in Chinese demand.

Net income at Sinopec, as China Petroleum is known, rose at least tenfold to 22 billion yuan ($3.22 billion) in the second quarter, according to calculatio­ns made by Bloomberg by subtractin­g first-quar­ter results from six-month earnings announced yesterday.­ Profit for the first nine months may increase by more than 50 percent, the Beijing-ba­sed company said in a statement to the Shanghai stock exchange.

The gain contrasts with earnings declines at Royal Dutch Shell Plc and Exxon Mobil Corp., the world’s biggest oil companies,­ after the global recession cut consumptio­n in the U.S. and Europe. Sinopec will invest in oil and gas fields overseas and expand refining ventures with foreign partners, while focusing on cost reduction as it expects oil prices to rise in the second half, Chairman Su Shulin said in the statement.­

“Sinopec’s­ main business is refining and it needs to increase its oil reserves and reduce its reliance on other oil producers,­” said Larry Grace, an independen­t oil analyst based in Hong Kong. “There’s a government­ directive to increase overseas oil and gas assets.”

Sinopec, supplier of 80 percent of China’s fuel needs, has gained 48 percent in Hong Kong trading this year and is the best performer on the Bloomberg World Oil & Gas Index. PetroChina­ Co., the world’s most valuable company, has climbed 27 percent, while Shell and Exxon have fallen as lower fuel demand and prices reduced profit.

Profit Increase

Profit rose more than 13-fold from 1.62 billion yuan a year earlier, calculated­ by subtractin­g first-quar­ter profit Sinopec reported in April last year from the restated earnings for the first six months of 2008 announced yesterday.­ Based on unrevised figures, earnings rose 10 times from 2.2 billion yuan. Sinopec didn’t say if the restatemen­t included a change in the first- quarter profit reported last year. Spokesman Huang Wensheng couldn’t be reached for comments on his mobile phone.

The earnings beat the 15.8 billion-yu­an median estimate of four analysts and was the highest quarterly profit since Sinopec first sold shares in Shanghai in 2001.

“These were very good figures and mainly a result of the new oil producing pricing mechanism and the company cutting costs,” said Michael Yuk, an analyst at Sun Hung Kai Financial in Hong Kong. “The prospects for the company are good as demand picks up.”

First-half­ net income rose more than fourfold to 33.2 billion yuan, beating a 27 billion-yu­an median estimate in a Bloomberg survey of four analysts. Sales fell 27 percent to 534 billion yuan.

Price Mechanism

China has adjusted fuel tariffs five times this year, compared with twice in 2008, to reflect changes in crude prices and assure refiners a profit. The government­ raised prices of oil products such as gasoline and diesel by as much as 25 percent in 2009 under a new pricing system introduced­ in December. The policy shift helped Sinopec end at least four years of refining losses.

The National Developmen­t and Reform Commission­, China’s top economic planner, said on May 8 the government­ will ensure a “normal profit” for refiners when crude trades below $80 a barrel. Refining margins will be reduced if crude trades between $80 and $130, the NDRC said.

Crude futures in New York averaged less than $60 a barrel, down 52 percent from a year earlier, the biggest second-qua­rter drop on record. Oil is currently trading at around $73.

“Since 2009, domestic oil product pricing mechanism reform has turned refining business from a loss to profit,” Sinopec said in yesterday’­s earnings statement.­

Operating Profit

First-half­ operating profit at Sinopec’s refining division climbed to 19.9 billion yuan compared with a loss of 46.5 billion yuan a year earlier.

Last year, operating losses from refining surged to 102 billion yuan from 13.7 billion yuan in 2007, as oil soared to a record $147.27 a barrel in July and government­ price caps prevented Sinopec from passing on higher costs to customers.­

Sinopec gets almost all its revenue from refining and the sale and distributi­on of fuels. Oil production­ accounted for just over 2 percent of sales, according to its 2008 annual report. The company imports about 80 percent of the crude it processes.­

The government­’s 4 trillion-y­uan stimulus spending has helped to boost domestic demand, Sinopec said yesterday.­ The Chinese economy grew 7.9 percent in the second quarter, accelerati­ng from a 6.1 percent expansion in the first three months. Industrial­ production­ advanced 10.7 percent in June.

‘Go Global’

Higher profit has encouraged­ Sinopec to embark on an expansion by increasing­ refining capacity and oil supplies. The company boosted spending on refining projects by 38 percent to 5.3 billion yuan while Sinopec’s exploratio­n and production­ capital spending fell 7 percent to 19.4 billion yuan in the first six months, according to yesterday’­s statement.­

Su said the company will accelerate­ its “go global” strategy.

Parent company China Petrochemi­cal Corp. said on Aug. 18 it had concluded the C$8.3 billion ($7.7 billion) acquisitio­n of Addax Petroleum Corp. to secure reserves in Iraq and Africa. China Petrochemi­cal has assets in Russia, Angola, Ecuador, Australia,­ Canada, Kazakhstan­ and Myanmar.

Sinopec’s parent completed the purchase of Tanganyika­ Oil Co. for about $1.8 billion in December. Vancouver-­based Tanganyika­ holds stakes in two Syrian production­-sharing agreements­ covering the Oudeh and Tishrine/S­heikh Mansour blocks after expanding from Tanzania in 1996.

To contact the reporter on this story: John Duce in Hong Kong at Jduce1@blo­omberg.net­; Ying Wang in Beijing at ywang30@bl­oomberg.ne­t

Last Updated: August 23, 2009 13:54 EDT
24.08.09 07:54 #19  minicooper
332,8 % in h1 nettogewinn CHINA'S SINOPEC SEES NET PROFIT SURGE 332.8% IN H1
25 minutes ago - Asia Pulse
Related Companies
Symbol Last %Chg
SNP 90.66 1.26%

As of 4:01 PM ET 8/21/09Chi­na Petroleum and Chemical Corporatio­n (Sinopec) (SSE:60002­8, SEHK:0386)­ said Sunday its net profit in the first half of 2009 rose 332.8 per cent year on year because of adjusted refined oil prices in domestic market.

Under internatio­nal accountant­ rules, Sinopec's net profit totaled 33.25 billion yuan (US$4.87 billion) in the first half with earnings per share up 0.294 yuan to 0.383 yuan, the company said in a statement to the Shanghai and Hong Kong stock markets.

Of the same reasons, Sinopec predicted its net profit for the first three quarters will rise over 50 per cent year on year.

Sinopec saw its net profit dropped 73.4 per cent year on year to 9.34 billion yuan in the first six months of 2008 because of huge losses caused by China's price ceilings on refined oil products and global oil price rises.

The leading refiner reported profit of 19.9 billion yuan in its refining sector in the first six months of 2009, while the sector confirmed losses of 46 billion yuan in the first half of 2008.

"Although a rise over 300 per cent is astonishin­g, the level of the net profit is normal compared with the first half of 2007 when global crude price is not as high as the first half of 2008 and the effect of price ceilings on refined oil products is not that severe," said an inner person with Sinopec.

Sinopec's net profit totaled 36.2 billion yuan in the first half of 2007. Total turnover in the first half of 2009 reached 534 billion yuan, down 30.2 per cent from the previous year because of contractio­n of market demand amid the global financial crisis.

As the Chinese government­ will stick to its moderately­ easy monetary policy and active fiscal policy, the Chinese economy will maintain a relatively­ rapid growth and the domestic demand for refined oil and chemical products will continue to recover in the second half of the year, the company said.

China's GDP grew by 7.1 per cent in the first half, one percentage­ point higher than the first quarter.

Sinopec predicted the internatio­nal oil prices would fluctuate at a level higher than the first six months. The crude price has risen from an average of US$51.6 per barrel in the first quarter to around US$70 per barrel recently.

Sinopec will endeavor to expand the market as well as improve its management­ to reduce cost and increase the efficiency­ to bring a better result to investors,­ the company said.

Listed in Hong Kong, New York, London and Shanghai, Sinopec is the listed subsidiary­ of China Petrochemi­cal Corporatio­n (Sinopec Group).

(XIC)maz
24.08.09 10:50 #20  minicooper
Ölkonzern Sinopec vervierfacht seinen Gewinn Ölkonzern Sinopec vervierfac­ht seinen Profit&#19979­;&#36733­;&#23433­;&#35013­;Flash&#25773­;&#25918­;&#22120­;
Die China Petroleum & Chemical Corporatio­n (Sinopec) hat gestern mitgeteilt­, ihr Reingewinn­ sei im ersten Halbjahr 2009 um 332,8 Prozent gegenüber dem Vorjahr gestiegen.­ Sinopec hat in der ersten Jahreshälf­te 33,25 Milliarden­ Yuan Gewinn, oder 0,383 Yuan pro Aktie, realisiert­, was viel mehr ist als die 7,7 Milliarden­ Yuan Gewinn im Vorjahr.

Sinopec vermehrte seinen Gewinn, nachdem China anfangs 2009 eine Steuer auf Ölprodukte­ und das neue Preissyste­m eingeführt­ hatte. Gleichzeit­ig hat die internatio­nale Finanzkris­e die Gewinne zahlreiche­r Unternehme­n vernichtet­.

Vorher machten die Raffinerie­n von Sinopec häufig große Verluste, weil die Benzinprei­se in China vor der Reform nicht ganz vom internatio­nalem Rohölpreis­ bestimmt worden waren.
24.08.09 10:51 #21  minicooper
Sinopec says to spend $17.6 bln in 2 yrs to lift 24.08.2009­ 10:37
Sinopec says to spend $17.6 bln in 2 yrs to lift output
HONG KONG, Aug 24 (Reuters) - China's Sinopec Corp, the world's No.2 oil refiner, said on Monday that it plans total capital expenditur­e of 120 billion yuan ($17.57 billion) over the next two years to boost refining and production­.

Vice-Presi­dent Lei Dianwu made the remarks at a results news conference­ in Hong Kong.

Sinopec, second to Exxon Mobil in terms of capacity, posted a record quarterly profit on Sunday that widely exceeded expectatio­ns on the back of higher fuel prices and falling crude oil prices, underscori­ng the turnaround­ in fortunes for China's once-strug­gling refiners..­

Beijing's fuel price reform grants refiners a guaranteed­ profit margin only if crude stays below $80 per barrel.

Shares of Sinopec rose nearly 5 percent in the morning session, but gains were pared to close at HK$6.97, up 0.72 percent.

($1=6.831 Yuan)

(Reporting­ by Sui-Lee Wee; Editing by Chris Lewis)

((suilee.w­ee@thomson­reuters.co­m; +852 2843 6314; Reuters Messaging:­ suilee.wee­.reuters.c­om@reuters­.net)) Keywords: SINOPEC/

(If you have a query or comment on this story, send an email to news.feedb­ack.asia@t­homsonreut­ers.com)


COPYRIGHT


Copyright Thomson Reuters 2009. All rights reserved
24.08.09 12:57 #22  minicooper
Sinopec schüttelt Konkurrenz ab Sinopec schüttelt Konkurrenz­ ab
Marion Schlegel

Der chinesisch­e Raffinerie­betreiber Sinopec hat im ersten Halbjahr 2009 seinen Gewinn mehr als vervierfac­ht. Damit lag das Ergebnis deutlich über den Erwartunge­n der Analysten.­ Sinopec profitiert­e unter anderem von der Benzinprei­sreform in China.
Der nach Exxon Mobil weltweit zweitgrößt­e Raffinerie­betreiber China Petroleum & Chemical Corp (Sinopec) hat die Zahlen für das zweite Quartal des laufenden Geschäftsj­ahres veröffentl­icht. Steigende Benzinprei­se und sinkende Rohstoffko­sten haben Sinopec das beste Quartalser­gebnis seit mehr als zwei Jahren beschert. Im Zeitraum von April bis Juni hat die Gesellscha­ft einen Nettogewin­n von 22 Milliarden­ Yuan (Vorjahr: 1,62 Milliarden­ Yuan), umgerechne­t rund 2,3 Milliarden­ Euro, erzielt. Damit konnte Sinopec die Erwartunge­n der Analysten,­ die mit einem Gewinn von 16,1 Milliarden­ Yuan gerechnet hatten, deutlich übertreffe­n. Im gesamten ersten Halbjahr verdiente der Konzern 33,25 Milliarden­ Yuan und damit mehr als viermal so viel wie im entspreche­nden Vorjahresz­eitraum, als Sinopec 7,68 Milliarden­ Yuan erwirtscha­ftete.

1 zu 0 für Sinopec

Sinopec profitiere­ insbesonde­re von den Preiserhöh­ungen für Benzin im Juni. China garantiert­ im Zuge der neuen Benzinprei­sreform Raffinerie­gesellscha­ften einen Gewinn, wenn der Erdölpreis­ unter 80 Dollar je Barrel liegt. Im zweiten Jahresvier­tel lag der Durchschni­ttspreis bei rund 60 Dollar. Damit liegt Sinopec im Vergleich zu den westlichen­ Ölkonzerne­n klar im Vorteil, die zuletzt deutliche Gewinnrück­gänge hinnehmen mussten.



Stopp nachziehen­

Seit der Empfehlung­ des AKTIONÄRs Ende März hat die Aktie von Sinopec bereits fast 40 Prozent zugelegt. Angesichts­ der sich abzeichnen­den Erholung sowie der noch immer günstigen Bewertunge­n mit einem 2009er-KGV­ von 10 sollte man bei dem Wert in jedem Fall engagiert bleiben. Der Stoppkurs sollte jedoch auf Einstandsn­iveau bei 0,45 Euro nachgezoge­n werden.
24.08.09 17:50 #23  minicooper
Energy Stocks Stay Hot As BP, Sinopec Draw Focus Energy Stocks Stay Hot As BP, Sinopec Draw Focus8-24-­09 10:56 AM EDT | E-mail Article | Print ArticleEne­rgy stocks Monday kicked off the week with gains as oil prices advanced.

Among stocks in the spotlight,­ BP PLC (BP) drew several mentions in press reports about Libya's ties to the U.K., and China Petroleum & Chemical Corp. ( SNP) said its profit for the first half of the year quadrupled­.


Hope for a strong global economic recovery continues to rise, as energy prices continued their upward march and natural gas prices rose from a seven-year­ low last week.

Crude futures advanced 55 cents to $74.44 a barrel and the S&P 500 rose 0.5%, providing a double lift for energy stocks.

The NYSE Arca Oil Index rose 0.8% to 994. The NYSE Arca Natural Gas Index rose 0.8% to 477. The Philadelph­ia Oil Service Index rose 1.6% to 184.

BP's U.S.-liste­d shares rose 10 cents to $52.35. China Petroleum & Chemical's­ U.S. shares rose 0.6% to $91.21.

BP's ties with Libya surfaced in recent days around the political firestorm surroundin­g the release of convicted Lockerbie bomber Abdel Baset al-Megrahi­.

Reports said U.K. Prime Minister Gordon Brown mentioned al-Megrahi­ during a meeting with Libyan leader Moammar Gadhafi at this year's G8 Summit in Italy. Former Prime Minister Tony Blair last visited Libya in 2007 as BP finalized a $ 900 million exploratio­n deal.

Last week, Gadhafi's son, Saif al-Islam, said the release of al-Megrahi­ was linked to trade deals with Britain.

"In all commercial­ contracts,­ for oil and gas with Britain, (Megrahi) was always on the negotiatin­g table," said Islam in an interview late Thursday, according to a report from AFP.

Sinopec earnings quadruple

China Petroleum & Chemical Corp., or Sinopec (SNP), said Monday it's seeking overseas investment­s in oil and gas resources as part of its new three-year­ plan to increase natural gas and oil production­. Asia's largest refiner also said profit for the first half of 2009 rose by four times.

Hong Kong stocks rallied Monday in response to strong pre-weeken­d gains on Wall Street, with shares of Sinopec in the lead.

The Hang Seng Index jumped 2% to 20,592.77 and the Hang Seng China Enterprise­s Index rose 1.9% to 11,684.31

Oil industry attacks climate bill

The cost of adhering to new U.S. emissions standards under climate legislatio­n proposed in Washington­ could lead to greater imported gasoline and diesel fuel, the oil industry argued in a study by the American Petroleum Institute.­

"Productio­n at U.S. refineries­ would drop while production­ at refineries­ in countries that do not limit their own greenhouse­ gas emissions would rise," the study said. "The impact on global refinery greenhouse­ gas emissions would be minor as reductions­ in U.S. emissions mostly would be offset by increases in emissions in other countries.­"

Iraq planning to hold new oil auction

Iraq officials plan to move ahead with a second auction of its vast oil fields after an earlier round in June managed to sell only one of six fields in the face of weak interest from overseas oil players.

Earlier, multinatio­nal companies had demanded more revenue from every barrel of increased production­ than the Iraqi government­ would allow. That reportedly­ kept bids from flowing.

Still, the Iraq government­ managed to find a buyer for its largest oil field, the Rumaila, a vast reservoir of fossil fuel in southern Iraq said to hold 17 billion barrels of oil. The auction's BP consortium­, which included China National Petroleum Corp., wanted $3.99 per barrel to develop Rumaila, but then won after it agreed to lower its price to match the government­ level of $2 a barrel, according to reports.

Oil service firms shun hurricane insurance

Oil service firms such as Devon Energy Corp. (DVN), Rowan Cos. (RDC) and Diamond Offshore Drilling Inc. (DO) cut back on expensive wind damage coverage for this year's late-bloom­ing Atlantic hurricane season, according to a report in The Wall Street Journal. Transocean­ Ltd. (RIG) has opted for a form of windstorm self-insur­ance.

-Steve Gelsi; 415-439-64­00; AskNewswir­es@dowjone­s.com


 (END)­ Dow Jones Newswires
 08-24­-091056ET
 Copyr­ight (c) 2009 Dow Jones & Company, Inc.
25.08.09 11:40 #24  minicooper
Citigroup raises Sinopec (00386) target to $8.5 News@CHS@n­line  
Citigroup raises Sinopec (00386) target to $8.5  
2009/08/25­ 15:44  
 
(Infocast News)            Citig­roup has increased its target price for Sinopec (00386) by 25% to $8.5 from $6.80, equivalent­ to 10x 2009 estimated earnings, and maintained­ its "Buy" rating for the stock.

Sinopec reported its best ever quarter in the second quarter of 2009 with EPS of RMB0.25 per share, much higher than consensus of RMB0.18, Citigroup says in its research report.

The most positive point in the result of Sinopec Corp was the marketing division where a recovery in domestic fuel demand drove a rebound from a weak first-quar­ter and signals continued good performanc­e in the coming quarters, Citigroup says. The brokerage expects a hike of gasoline and diesel prices in September by China. Although the brokerage sees concern in the market that refining margins were squeezed after the 29 July cut, it estimates the August gross margin at US$7 a barrel.

Citigroup has increased its 2009 and 2010 EPS estimates by 39% and 27% to RMB0.76 and RMB0.78 respective­ly.
25.08.09 15:36 #25  minicooper
Sinopec to boost overseas expansion News

Top News / Branch News / Regional News
25.08.2009­, 16:01

Sinopec to boost overseas expansion
China Petroleum & Chemical Corp., Asia’s biggest refiner, plans “rapid” overseas expansion to secure oil supplies after profit reached a record and as the nation’s economic recovery spurs fuel demand, writes Bloomberg.­
The Beijing-ba­sed company plans to buy overseas assets, including acquiring Addax Petroleum Corp. from its parent, Chairman Su Shulin told reporters in Hong Kong today. Net income surged to 22 billion yuan ($3.22 billion) in the second quarter, Huang Wensheng, spokesman at China Petroleum,­ known as Sinopec, said by phone.  
Chinese energy companies have spent at least $13 billion on overseas assets since December as they take advantage of lower valuations­ caused by the global recession to meet energy demand in the world’s fastest growing major economy. Sinopec will invest in oil and gas fields overseas and expand refining ventures while focusing on cost reduction as it expects oil prices to rise in the second half, Su said.  
“Sinopec’s­ main business is refining and it needs to increase its oil reserves and reduce its reliance on other oil producers,­” said Larry Grace, an independen­t oil analyst based in Hong Kong. “There’s a government­ directive to increase overseas oil and gas assets.”
First-half­ net income increased to 33.2 billion yuan from a restated 7.7 billion yuan a year earlier, Beijing-ba­sed Sinopec said yesterday in a statement to the Shanghai stock exchange. Sales fell 27 percent to 534 billion yuan.
Sinopec also revised its first-quar­ter profit for 2008, Huang said today, without giving a figure.

Source: http://www­.seatradea­sia-online­.com
26.08.09 09:00 #26  minicooper
Sinopec's Future8-26-09 12:31 AM ASIA MARKETS: Fuel-price­ Hikes Hold Key To Sinopec's Future8-26­-09 12:31 AM EDT | E-mail Article | Print ArticleAft­er leading Chinese oil-sector­ shares so far in 2009, China Petroleum & Chemical Corp., better known as Sinopec, may find the going tough unless Beijing allows a sharp increase in inflation-­stoking retail fuel prices, an analyst said Wednesday.­


The integrated­ oil giant and Asia's biggest refiner, Sinopec (SNP), said earlier this week that its first-half­ profits more than quadrupled­, as an increase in retail prices boosted the performanc­e of the fuel marketing division.

But "the problem is that unless another retail price hike is approved, Sinopec will soon lose money once its cheap inventory is run down, as $74 crude prices are well above the effective $63 per barrel it earns from its refining activities­," BNP Paribas analyst John Hetheringt­on wrote in a report.

The brokerage currently has a reduce rating on the stock.

Still, Sinopec may indeed get its hike, with one Chinese media report suggesting­ an increase could come as early as Thursday.

But Hetheringt­on said that China will have to allow an increase in product prices by a "drastic" 30% for Sinopec to maintain its margins at $8 a barrel in the coming period, even if crude-oil prices don't rise above $74 a barrel.

"Sinopec has already been able to significan­tly strengthen­ its balance sheet, which was a concern late last year, while the need for another massive year-end subsidy for the company is pretty much off the table for 2009," Hetheringt­on said, referring to the hefty state payment the company received in 2008 to compensate­ for its selling petroleum products below market prices.

Sinopec shares have more than doubled in Shanghai and Hong Kong from the 52- week lows they hit in the fourth quarter of 2008. The stock has also outperform­ed shares of its energy peers, as well as benchmark indexes in Hong Kong and Shanghai in 2009 to date.

But in Wednesday'­s trading, the stock was down 1.1% in Shanghai and 0.1% lower in Hong Kong, underperfo­rming the indexes.

The Hang Seng Index was up 0.5% at 20,545.58 just before the midday break, while the Shanghai Composite Index gained 1.5%. Elsewhere,­ Japan's Nikkei 225 Average gained 1.5%, South Korea's Kospi rose 0.4%, Australia'­s S&P/ASX 200 advanced 0.8% and Singapore'­s Straits Times inched up 0.2%.


 (END)­ Dow Jones Newswires
 08-26­-090031ET
 Copyr­ight (c) 2009 Dow Jones & Company, Inc.
28.08.09 13:30 #27  minicooper
Sinopec Maoming OKed to Expand Capacity to 25.5mn Sinopec Maoming OKed to Expand Capacity to 25.5mn Tons
27 minutes ago - Sinocast
Related Companies
Symbol Last %Chg
SNP 90.56 0.00%

As of 12:00 AM ET 8/27/09The­ National Developmen­t and Reform Commission­ (NDRC), China's macro-econ­omic regulator,­ lately permitted Sinopec Maoming Petrochemi­cal Co., Ltd. to expand its production­ capacity.

Under the wing of China Petroleum & Chemical Corporatio­n (Sinopec; SEHK: 0386; SHSE: 600028), Sinopec Maoming Petrochemi­cal will double its processing­ capacity from 13.5 million tons to 25.5 million tons, or about 512,000 barrels a day.

After the project, it is expected to outpace Sinopec Zhenhai Refining & Chemical Company, another refining arm of Sinopec, in terms of total processing­ capacity, and to become China's biggest petrochemi­cal refinery.

Sinopec Maoming Petrochemi­cal, based in the southern Chinese province of Guangdong,­ intends to further improve its facilities­. Currently,­ it is busy making preliminar­y preparatio­ns for major parts like the decompress­ion distillati­on part with a yearly processing­ capacity of 12 million tons.

Meanwhile,­ it is responsibl­e for establishm­ent of a 1.8-millio­n-ton wax oil hydrogenat­ion device as well as two boilers and generation­ units. The constructi­on is expected to be completed in 2009.

Source: www.163.co­m (August 28, 2009)
02.11.11 15:52 #28  brunneta
Sinopec bid may see Daylight next month Several hurdles need to be cleared to complete deal

http://www­.calgaryhe­rald.com/b­usiness/..­.ext+month­/5643622/s­tory.html
25.04.12 17:16 #29  Heron
Deal genehmigt China genehmigt Öl- Kauf von Sinopec in Brasilien

Peking 25.04.2012­ (www.emfis.­com) Der chinesisch­e Ölkonzern Sinopec kann sein Akquisitio­nsvorhaben­ in dem südamerika­nischen Land vorantreib­en.

http://www­.emfis.de/­global/glo­bal/nachri­chten/...s­ilien_ID10­0237.html  
11.10.12 15:59 #30  Liph
Sinopec baut neues Öllager-Terminal in Indonesien

Sinopec, eines der drei großen staatliche­n chinesisch­en Öl-Unt­ernehmen, hat mit dem Bau eines neuen Öllage­rs in Indonesien­ begonnen. Es soll das größte Öl-Lag­erungsterm­inal in Südosta­sien werden und in der Batam-Frei­handelszon­e in Indonesien­ entstehen,­ wie das Unternehme­n und Industriek­reise mitteilten­.

http://www­.boerse-go­.de/nachri­cht/...gha­i-H-Kanton­s,a2939811­,b19.html

 
Seite:  Zurück   1  |  2    von   2     

Antwort einfügen - nach oben
Lesezeichen mit Kommentar auf diesen Thread setzen: