Sinopec's new chairman Hou Qijun is restructuring the world's largest refiner to pivot from declining fuel sales to high-value petrochemicals and new energy. The company plans to allocate over $4.4 bi
reuters · 2026-08-24 23:31
Sinopec Chairman Hou Qijun stated China's oil demand likely peaked last year, earlier than the 2027 forecast, due to electrification and low-carbon goals. Road fuel consumption fell sharply in H1 as c
bloomberg · 2026-08-24 02:13
State-owned Sinopec is restructuring into four new business units to boost efficiency and pivot towards chemicals and new energy amid declining fuel demand. The reorganization aims to complete by year
reuters · 2026-07-15 02:59
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