IMG.gif
CORPORATE STRATEGY

Sinopec Struggles to Juggle Key Priorities

Copyright © 2022 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.
171029366-sinopec-china-companies.jpg

  • Sinopec Corp., China’s largest refiner, finds itself under pressure to meet both government policy requirements and corporate goals.
  • Beijing's demands include growing the company's upstream output — a difficult and costly undertaking — and helping advance China's energy transition.
  • The company has meanwhile set its sights on upgrading its downstream, but last year’s bumper refining and chemical earnings are unlikely to be repeated in 2022.

The Issue

Topics:
Corporate Strategy , Oil Supply, Refining, Oil Demand, Hydrogen, Carbon Capture (CCS), Chemicals
Wanda Ad #2 (article footer)
#
Russia's Gazprom plans record spending for next year, making use of windfall profits to adapt to changing reality.
Fri, Dec 2, 2022
US natural gas prices are expected to moderate in 2023, but until they unveil their 2023 budgets producers are being cagey about how this will affect their spending plans.
Fri, Dec 2, 2022
Australia's Woodside has completed a strategic review of its portfolio which it expects to deliver 4% annual production growth through 2027.
Thu, Dec 1, 2022