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The Company’s production of oil and gas in 2023 was 504.09 million barrels of oil equivalent, up by 3.1%, among which, domestic crude production totaled 251.63 million barrels, and natural gas production reached 1,337.8 billion cubic feet, up by 7.1%.
China Petroleum and Chemical Corporation, or Sinopec, is a Chinese oil and gas enterprise based in Beijing. It is listed in Hong Kong and also trades in Shanghai. Sinopec Limited's parent, Sinopec Group, is the world's largest oil refining, gas and petrochemical conglomerate, headquartered in Chaoyang District, Beijing. [3]
Oil and Gas E&P. In 2023, the newly added proven oil reserves was 155 million tonnes, probable reserves was 525 million tonnes, and possible reserves was 562 million tonnes.
Oil & Gas Exploration and Production. In 2019, we added 103 million tonnes of proven oil reserve, 172 million tonnes of probable oil reserve and 200 million tonnes of possible oil reserve.
In 2023, the Company processed 258 million tonnes of crude, up by 6.3% and produced 156 million tonnes of refined oil products, up by 11.3% with kerosene output up by 60.7% year on year.
Aug 25, 2024 · China's Sinopec posted a 2.6% rise in net profit for the first half of the year as record oil and gas output compensated for falling domestic demand for refined fuel and petrochemicals.
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Will Sinopec crack 126 million mt of crude oil?
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Aug 30, 2021 · Sinopec aims to crack 126 million mt, or 5.03 million b/d of crude oil in the second half of the year. The company boosted throughput by 13.7% year on year to 126.11 million mt in H1 on the back of the 10 million mt/year Zhongke Petrochemical, which started operations in June 2020.