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China Petroleum & Chemical Corporation (0386.HK)
- PR Newswire
Sinopec Completes Drilling of China's Deepest Geothermal Exploration Well of 5,200 Meters
China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") has successfully completed the drilling of China's deepest geothermal exploration well, the Fushen-1 Well in Hainan with a well depth of 5,200 meters. The milestone has revealed the mechanism of deep geothermal formation and enrichment in South China, the new breakthrough in the exploration of hot dry rock in terms of demographic region and depth is of great significance to enhance the large-scale development and utilization of geothe
- PR Newswire
Sinopec and TotalEnergies Ink Agreement for Sustainable Aviation Fuel Production
China Petroleum & Chemical Corporation (HKG:0386, "Sinopec") has inked a landmark heads of agreement (HoA) with TotalEnergies in Beijing, embarking on a joint venture to produce sustainable aviation fuel (SAF) from waste oils at one of Sinopec's refineries. The partnership aims to achieve an annual production capacity of 230,000 tons, with the new production line co-operated by both entities.
- PR Newswire
Sinopec Files 2023 Annual Report, Hits USD 444.81 Billion Revenue with 14.5 Percent YoY Growth
China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") has recently filed the 2023 Annual Report and disclosed the group's operating revenue in accordance with International Financial Reporting Standards (IFRS), hitting 3.21 trillion yuan (USD 444.66 billion) with operation earnings of 86.828 billion yuan (USD 12.03 billion), a 14.5 percent growth year-on-year; profit attributable to shareholders amounted to 58.31 billion yuan (USD 8.08 billion) and earnings per share was 0.487 yuan.
