Sinopec’spetroleumIndustrySituationand.PDFVIP

Sinopec’s petroleum Industry Situation and Development Liu Yan Development Planning DepartmentSINOPEC June.20, 2005, Beijing, China 1 • Oil and gas are very important energy minerals and strategic resources. The exploration and production of petroleum is the core business of China Petrochemical Corporation. We attach great importance to the development of petroleum industry. 2 • China Petrochemical Corporation (SINOPEC Group), the largest energy and chemical company in China, is a super-large petroleum and petrochemical enterprise group incorporated in July 1998 on the basis of the former China National Petrochemical Corporation. 3 SINOPEC Group’s key business activities Industrial investment and Petroleum exploration, portfolio management development, production and trade Petroleum refining and production, Production, distribution trade, transportation, distribution and trade of petrochemical products and marketing of petroleum products Import and export of crude oil business of joint venture and petrochemicals and cooperation 4 620.3 634.3 Unit: billion 94.2