China, October 21st, 2010 - Sinochem Group currently has nearly 30 overseas oil gas blocks, the average annual production capacity of which hit 32.19 million barrels, reports yicai.com, citing information from the website of the State-owned Assets Supervision and Administration Commission.
Sinochem president Liu Deshu said that the firm’s petrochemical storage capacity had reached 13 million cubic meters.
According to Sinochem Group, its Peru branch has obtained the exploration and mining rights to five oil gas blocks in Peru.
Earlier, the state-owned multinational conglomerate acquired a 40-percent stake in an offshore oil field in Brazil from Norway’s Statoil for $3.07 billion.
Sinochem president Liu Deshu said that the firm’s petrochemical storage capacity had reached 13 million cubic meters.
According to Sinochem Group, its Peru branch has obtained the exploration and mining rights to five oil gas blocks in Peru.
Earlier, the state-owned multinational conglomerate acquired a 40-percent stake in an offshore oil field in Brazil from Norway’s Statoil for $3.07 billion.
Shares of Sinochem International Corporation, a subsidiary of Sinochem Group, inched up 0.25 percent to close at 11.84 yuan today. - CapitalVue
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