CompanyWebsite:http://www.sinopecgroup.com/group/en/companyprofile/ChinaPetrochemicalCorporation(SinopecGroup)isasuper-largepetroleumandpetrochemicalenterprisegroup,establishedbythestateinJuly1998onthebasisofreconstructingtheformerChinaPetrochemicalCorporation.BeijingbasedSinopecGrouphasaregisteredcapitalofRMB274.9billionwiththeboardchairmanofSinopecGroupservingasitslegalrepresentative.SinopecGroupexercisestheinvestor’srightstotherelatedstateassetsownedbyitsfullsubsidiaries,controlledcompaniesandshare-holdingcompanies,includingreceivingreturnsonassets,makingmajordecisionsandappointingmanagers.TheGroupoperates,managesandsupervisesstateassetsaccordingtorelatedlaws,andshouldersthecorrespondingresponsibilityofmaintainingandincreasingthevalueofstateassets.TheprincipaloperationsofSinopecGroupincludeindustrialinvestmentandinvestmentmanagement;theexploration,production,storageandtransportation(includingpipelinetransportation),saleandcomprehensiveutilizationofpetroleumandnaturalgas;theproduction,sale,storageandtransportationofcoal;oilrefining;thestorage,transportation,wholesaleandretailingofoilproducts;theproduction,sale,storage,transportationofpetrochemicalproducts,naturalgaschemicals,coalchemicalproductsandotherchemicalproducts;theproduction,sale,storageandtransportationofenergyproductssuchasnewenergyandgeothermalenergy;theexploration,design,consulting,constructionandinstallationofpetroleumandpetrochemicalengineeringprojects;theoverhaulandmaintenanceofpetroleumandpetrochemicalequipments;theR&D,manufacturingandsaleofelectricalandmechanicalequipments;theproductionandsaleofelectricity,steam,waterandindustrialgas;theresearch,development,applicationandconsultingservicesoftechnology,e-commerce,informationandalternativeenergyproducts;theimport&export,includinganimportandexportagencybusiness,ofself-supportproductsandcommodityandtechnologies;foreignprojectcontracting,biddingandpurchasing,andlaborexport;theinternationalstorageandlogisticsbusiness.Atpresent,SinopecGroupisthelargestoilandpetrochemicalproductssuppliersandthesecondmajoroilandgasproducerinChina,thelargestOilRefineryCompanyandthesecondlargestchemicalcompanyintheworld,thetotalnumbersofgasstationinsecondplaceintheworld,rankedthe4thintheFortuneGlobal500in2016.​​