How is the operating structure of Sinopec is defined?
Sinopec is an energy & chemical corporation that is specialized in the exploration and production of petroleum and natural gas, refining and sale of petroleum products, and the production and sale of chemical products, with its upstream, middle-stream & downstream operations integrated as a whole. The main tangible assets of Sinopec converge in China’s east and south, which have both posted the fastest speed of economic growth in the country. As shown by its business turnover in 2004, Sinopec is the largest listed company in today’s China. Business segments Operating structure Exploration & Production Sinopec is the second largest manufacturer of petroleum and natural gas in China. In 2004, it turned out 274.15 million barrels of crude oil, 207 billion cubic feet of natural gas, which recorded a year-on-year growth rate of 1.18% and 10.29% respectively. Oil refining Sinopec is the largest oil refiner in China, and produces gasoline, diesel oil, aviation kerosene, lubricating oil, fuel
