Sinopec

, Zhejiang China Petroleum and Chemical Corporation, or Sinopec Group, is a Chinese oil and gas enterprise based in Chaoyang District, Beijing. The SASAC administers the group for the benefit of the State Council of China. Sinopec Group operates a publicly traded subsidiary, also called Sinopec, listed in Hong Kong and Shanghai stock exchanges. Sinopec Group is the world's largest oil refining conglomerate, state owned enterprise, and 6th highest revenue company in the world.

]] , Zhejiang]] China Petroleum and Chemical Corporation, or Sinopec Group, is a Chinese oil and gas enterprise based in Chaoyang District, Beijing. The SASAC administers the group for the benefit of the State Council of China. Sinopec Group operates a publicly traded subsidiary, also called Sinopec, listed in Hong Kong and Shanghai stock exchanges. Sinopec Group is the world's largest oil refining conglomerate, state owned enterprise, and 6th highest revenue company in the world. ==History== ==Environmental and safety record== In 2004, Sinopec prospected for oil in the 1,550 square kilometers of Loango National Park in southern Gabon and encountered criticism for what domestic and foreign environmental critics said were poor and damaging methods. Primatology professor Christophe Boesch of the US-based environmental organization, the Wildlife Conservation Society (WCS), criticized the use of dynamite and heavy machinery in exploration and road construction by Sinopec through park, noting that it might drive native gorillas deeper into the jungle, where they would be outside legal restrictions on hunting. Gabonese law states that industries can extract oil from national parks, but must rehabilitate them to the prior condition. Boesch, and other international experts, have suggested that Sinopec use other methods such as horizontal drilling to minimize its environmental footprint. Sinopec's activities in Gabon's national parks were suspended in September 2006, by the Gabonese national parks council. In 2007, Sinopec redid its earlier environmental study, this time in conjunction with the Gabonese environmentalist group Enviropass and the World Wildlife Foundation, winning high marks from Gabonese, Western, and Chinese conservation experts. Shortly thereafter, Sinopec resumed production with more environmentally friendly methods. On 21 December 2006, gas started leaking during the drilling of a test well by the Sinopec Southern Prospecting and Development Branch in Quingxi. 12,380 people were evacuated after the leakage occurred. It took at least three attempts and two weeks for the company to seal the leak. China's top environmental watchdog warned Sinopec in 2007 to stop operations at one of its oil fields due to chronic river pollution. Zhongyuan Oilfields Petrochemical Company, a unit of Sinopec, had failed to meet waste water treatment requirements and had been ordered to pay a pollution fine and operations had to be halted, according to the State Environmental Protection Administration (SEPA). Guangdong Provincial Environment Bureau (GPEB) had also issued a red sign warning to 19 companies, including Sinopec Guangzhou, in February 2008. By GPEB's standard, the companies that have involved in excessive emissions or caused serious environmental pollution accidents will be given the red sign warning and will be placed under strict supervision. An oil pipeline explosion on Friday, 22 November 2013, in Qingdao, Shandong province killed at least 62 people, injuring 136, and displacing hundreds more after oil previously leaking onto a street during the day ignited. In 2021, the company's total climate-warming greenhouse gases emissions reached 172.56 million tonnes of CO 2 equivalent. By 2023, emissions were down slightly to 169 million tonnes of CO 2 equivalent but the company still ranked second for greenhouse gas emissions among oil companies worldwide. ==See also== Chemical industry in China ==References== ==External links==

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