The Sinopec Group

The Sinopec group mainland china Petrochemical Corporation (Sinopec Group) is a super-large petroleum and petrochemical first step group established in July 1998 on the basis of the author China Petrochemical Corporation. Sinopec Group is a secern- professed company solely invested by the State, performance as a farming-authorized investment organization in which the demesne holds the controlling share. Headquartered in Beijing, Sinopec Group has a registered uppercase of RMB 130.6 billion. The chairperson of Sinopec Group is its legal representative. Sinopec Group executes the investor rights over connect to state assets give birthed by its full subsidiaries, controlled companies and share-holding companies. These rights include receiving returns on assets, fashioning major decisions and appointing management teams. The Group operates, manages and supervises state assets fit to related laws, and shoulders the corresponding responsibility of maintaining and increasing the value of state assets. China Petroleum & Chemical Company (Sinopec Corp.) controlled by Sinopec Group, issued H-shares and A-shares at overseas and home respectively in October 2000 and tremendous 2001 and was listed on stock markets in Hong Kong, New York, London and Shanghai. The tally turning of shares of Sinopec Corp. was 86.

7 billion, in which Sinopec Group owns 75.84%, international investors own 19.35% and domestic investors own 4.81%. Sinopec Groups key problem activities include: industrial investment and investment management; the exploration, production, retentiveness and transport (includin g credit line transportation), marketing an! d comprehensive usage of oil and natural artillery; oil refining; the wholesale of gasoline, kerosene and diesel; the production, marketing, storage, transportation of petrochemicals and other chemical products; the design, eddy and installation of petroleum and petrochemical design projects; the overhaul and maintenance of petroleum and petrochemical equipments; the...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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