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China Petrochemical Corporation (abbreviated as Sinopec Group) is a super large petrochemical enterprise group restructured and established by the state on the basis of the original China Petrochemical Corporation in July 1998. It is a state-owned company established solely by the state, a state authorized investment institution and a state holding company. The registered capital of the company is 231.6 billion yuan. The chairman is the legal representative and the headquarters is located in Beijing. The company exercises the right to benefit from assets, make major decisions, and select managers for the state-owned assets of its wholly-owned, holding, and participating enterprises, and operates, manages, and supervises the state-owned assets in accordance with the law, and assumes corresponding responsibility for maintaining and increasing value. China Petrochemical Corporation, which is controlled by the company, issued H-shares and A-shares overseas and domestically in October 2000 and August 2001, respectively, and listed in Hong Kong, New York, London, and Shanghai. The company's main business scope includes: industrial investment and investment management; Exploration, exploitation, storage and transportation (including Pipeline transport), sales and comprehensive utilization of oil and natural gas; Coal production, sales, storage, and transportation; Petroleum refining; Storage, transportation, wholesale, and retail of refined oil products; Production, sales, storage, and transportation of petrochemical, natural gas chemical, coal chemical, and other chemical products; Production, sales, storage, and transportation of new energy, geothermal and other energy products; Exploration, design, consulting, construction, and installation of petroleum and petrochemical engineering; Maintenance and repair of petroleum and petrochemical equipment; Research and development, manufacturing, and sales of electromechanical equipment; Production and sales of electricity, steam, water and Industrial gas; Research, development, application, and consulting services for technology, e-commerce, information, and alternative energy products; Self operated and agency related to the import and export of goods and technologies; Foreign engineering contracting, bidding procurement, and labor export; International warehousing and logistics business, etc.
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