Sinopec Group, the largest shareholder of Sinopec Corp., is a giant petroleum and petrochemical group incorporated by the State in 1998 based on the former China Petrochemical Corporation. Funded by the State, it is a State authorized investment arm and State-owned controlling company.

Friday, June 11, 2010

Santos in Talks with Sinopec About LNG Project (Update 1)

Australia, June 11th 2010 - Santos Ltd. is in talks with China Petroleum & Chemical Corp. about a potential A$400 million sale of a stake in its Queensland liquefied natural gas project, the Australian newspaper said.

A senior team from Santos, which owns 60 percent of the Gladstone LNG joint venture with Malaysia’s Petroliam Nasional Bhd, was seen June 7 in a Brisbane hotel holding talks with Sinopec and its advisers from Nomura Holdings Inc., the report said. - Bloomberg

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