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China Petroleum and Chemical News

News on China Petroleum and Chemical (Ticker: SNP) continually updated from thousands of sources around the net.

32 min ago | The Washington Post

Sinopec, PetroChina Plan 40% Growth in Shale Output to Meet Goal

China's largest oil and gas producers plan to increase shale-gas output by 40 percent a year to meet the nation's production target. China Petroleum & Chemical Corp. plans to invest 21.5 billion yuan in shale-gas drilling and expects to produce as much as 3.5 billion cubic meters by 2015, while PetroChina Co.

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Related Topix: Oil & Gas, China Petroleum and Chemical, Energy, Business News

6 hrs ago | Hispanic Business

Super Nova Petroleum Corp.: Closing of Private Placement of 1,791,474 Units at $0.05

Each unit is comprised of one common share and one three year common share purchase warrant. Each warrant entitles the holder to acquire one additional common share at a price of /share during the last year of the exercise period.

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Related Topix: Oil & Gas

Mon Sep 15, 2014

TheStreet.com

Why China Petroleum & Chemical (SNP) Stock Is Down Today

Sinopec, as the company is known, said the unit will sell a combined 29.99% stake to 25 investors including Fosun International TheStreet Ratings team rates CHINA PETROLEUM & CHEM CORP as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation: "We rate CHINA PETROLEUM & CHEM CORP a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks.

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Related Topix: Oil & Gas, Financial Markets

Bloomberg

Emerging Stocks Extend Longest Loss in 10 Months on China Data

Emerging-market stocks fell for an eighth day after Chinese factory and retail sales data indicated the world's second-largest economy is slowing further. China Construction Bank Corp. led a gauge of Hong Kong-traded Chinese shares to a five-week low.

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Related Topix: Financial Markets, Oil & Gas, Sinopec Shanghai Petrochemical Company, 9

Sun Sep 14, 2014

The Standard

Sinopec offloads 107b yuan stake

China Petroleum & Chemical Corp. , Asia's top refiner, agreed to sell a 107 billion yuan stake in its retail business to a group of investors that includes China Life Insurance. Sinopec, as the company is known, said the unit will sell a combined 29.99 percent stake to 25 investors, including Fosun International , run by billionaire Guo Guangchang.

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Related Topix: Sinopec Shanghai Petrochemical Company, Oil & Gas, China Petroleum and Chemical, Energy, Goldman Sachs, Financial Services, Investment Services

Reuters

Sinopec says sells stake in retail unit

China Petroleum and Chemical Corp, known as Sinopec, has agreed to sell a 107.1 billion yuan stake in its retail unit to a group of 25 Chinese and foreign investors, Asia's top refiner said in a statement on Sunday. Sinopec has agreed to sell a 29.99 percent stake in its retail unit to the group of investors, including China Life Insurance Co Ltd and Fosun International Ltd , the statement said.

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Related Topix: Oil & Gas, China Petroleum and Chemical, Energy

Fri Sep 12, 2014

Bloomberg

Yizheng Plans $5 Billion Deals to Become Oil Engineer

Sinopec Yizheng Chemical Fibre Co. plans to change itself into a petroleum-engineering company from a polyester maker through 30.6 billion yuan of share-for-asset swaps with its controlling shareholder and ultimate parent.

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Related Topix: Sinopec Shanghai Petrochemical Company, Oil & Gas

Thu Sep 04, 2014

AmericanBankingNews.com

China Petroleum & Chemical Corp Reaches New 1-Year High at $105.84

China Petroleum & Chemical Corp shares hit a new 52-week high during mid-day trading on Thursday , Stock Ratings News reports. The company traded as high as $105.84 and last traded at $104.91, with a volume of 53,797 shares changing hands.

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Related Topix: Oil & Gas, China Petroleum and Chemical, Energy

Wall Street Journal

China's State Firms Hunt for Investors

State-owned China Petroleum & Chemical Corp., known as Sinopec, last week started the process of vetting would-be investors in a new unit that operates more than 30,000 gasoline stations and 23,000 convenience stores in some of the richest areas of the country.

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Related Topix: Oil & Gas, China Petroleum and Chemical, Energy

Tue Sep 02, 2014

Bloomberg

Mexico Oil Opening Enticing Driller to Capital Markets

Grupo Diavaz, one of Mexico's largest closely held oil service providers, plans to sell stocks or bonds for the first time in anticipation of new projects as Mexico opens the energy industry to private capital.

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Related Topix: Grupo Casa Saba SA De CV, Household Products, Financial Markets, Oil & Gas, World News, Mexico

Fri Aug 29, 2014

Seeking Alpha

Sinopec, PetroChina turn upbeat on Chinese shale gas

China energy heavyweights Sinopec PetroChina have raised their outlook on the country's shale gas industry but stopped short of predicting a near-term boom.

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Related Topix: Oil & Gas, PetroChina Company

AmericanBankingNews.com

China Petroleum & Chemical Corp Given Consensus Recommendation of "Hold" by Brokerages

Shares of China Petroleum & Chemical Corp have received an average rating of "Hold" from the eight ratings firms that are covering the company, Stock Ratings Network.com reports .

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Related Topix: Oil & Gas, China Petroleum and Chemical, Energy

Sys-Con Media

The Zacks Analyst Blog Highlights: China Petroleum and Chemical,...

Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets.

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Related Topix: Financial Markets, Oil & Gas, China Petroleum and Chemical, Energy, Trina Solar, Sinopec Shanghai Petrochemical Company

Thu Aug 28, 2014

Seeking Alpha

Wall Street Breakfast: Telefonica, Telecom Italia In Bidding War For Vivendi's GVT

Economy In a grudging first step towards opening its state-dominated oil sector, China has granted a crude import license to non-state-owned Guanghui Energy.

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Related Topix: Oil & Gas, Telecom, Telecom Italia SPA, Telefonica SA, Vivendi SA, Sinopec Shanghai Petrochemical Company, PetroChina Company

Business Journal

a Major deals total $400M for owners of Lakes on Post Oak buildings

Two office buildings recently sold and one is pending sale at the Lakes on Post Oak complex, which is adjacent to the Galleria.

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Related Topix: Oil & Gas, Houston, TX

Bloomberg

PetroChina First-Half Profit Rises 4% on Higher Gas Prices

PetroChina Co. , the nation's biggest oil and gas producer, met forecasts with a 4 percent increase in first-half profit after it sold natural gas at higher prices.

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Related Topix: PetroChina Company, Oil & Gas

Wed Aug 27, 2014

Bloomberg

Sinopec Draws Interest From China Life, ENN for Unit

China Petroleum & Chemical Corp. , Asia's top refiner, drew interest from the nation's biggest insurance company and gas supplier ENN Energy Holdings Ltd. as it seeks to raise about $16 billion selling a stake in its retail unit.

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Related Topix: Oil & Gas, China Petroleum and Chemical, Energy, Real Estate, Equity Inns

Tue Aug 26, 2014

TheStreet.com

4 Foreign Blue-Chip Stocks With 4% Dividend Yields to Buy

Your browser is not supported. Please upgrade to one of the following browsers: Google Chrome Mozilla Firefox Apple Safari Microsoft Internet Explorer 8+ You may proceed to the site by clicking here , however some pages might not work correctly.

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Related Topix: Financial Markets, Mozilla, Oil & Gas, Chile, World News, TheStreet

Bloomberg

Sinopec Shortlists 37 for Sale in Retail Unit

China Petroleum & Chemical Corp. shortlisted 37 potential buyers as Asia's biggest refiner seeks to sell a third of its retail unit to raise about $16 billion.

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Related Topix: Oil & Gas, China Petroleum and Chemical, Energy, Tencent

Mon Aug 25, 2014

Barron's

Sinopec: Timing Of Retail Divestment, Analysts Grew Cautious

China Petroleum & Chemical Corp. , or Sinopec , gained another 4.3% yesterday after a strong second-quarter beat, bringing this stock's gain this year to 30.4%.

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Related Topix: Sinopec Shanghai Petrochemical Company, Oil & Gas, China Petroleum and Chemical, Energy

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