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[China Epoxy Industry Online] News on June 15, 2004, the state officially approved the establishment of China National Chemical Corporation by China Haohua (Group) Corporation and China National Bluestar (Group) Corporation.
The export company was renamed China Sinochem Corporation.
Since then, the petroleum and chemical industries will have China National Petroleum Corporation, China Petrochemical Corporation, China National Offshore Oil Corporation, China National Chemical Corporation, and China Sinochem Corporation.
Situation.
The top five companies have their own characteristics and have outstanding advantages in their main business areas.
Among them, PetroChina is mainly engaged in mining, refining and sales; Sinopec focuses on refining, and also implements the integration of mining, refining and sales; CNOOC is based on offshore oil and has a huge development space; Sinopec is mainly chemical and shoulders the heavy responsibility of the new material industry.