
SINOPEC GEOPHYSICAL CORPORATION
Chaoyang District, Beijing, China
SINOPEC GEOPHYSICAL CORPORATION
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An integrated upstream, midstream and downstream operations, strong oil & petrochemical core businesses and a complete marketing network.
About SINOPEC GEOPHYSICAL CORPORATION
China Petroleum & Chemical Corporation (hereinafter referred to as "Sinopec Corp.") is a listed company on domestic and international stock exchanges with integrated upstream, midstream and downstream operations, strong oil & petrochemical core businesses and a complete marketing network. The Company was incorporated on 25th February, 2000 by China Petrochemical Corporation (hereinafter referred to as "Sinopec Group") as the sole initiator, pursuant to the Company Law of the People's Republic of China. The 16.78 billion H shares were listed in Hong Kong, New York and London Stock Exchanges on 18th and 19th October, 2000. The 2.8 billion A shares were listed in Shanghai Stock Exchange on 8th August, 2001.
Sinopec Corp. is one of the largest integrated energy and chemical companies in China. Its principal operations include the exploration and production, pipeline transportation and sale of petroleum and natural gas; the production, sale, storage and transportation of refinery products, petrochemical products, coal chemical products, synthetic fibre, and other chemical products; the import and export, including an import and export agency business, of petroleum, natural gas, petroleum products, petrochemical and chemical products, and other commodities and technologies; and research, development and application of technologies and information. The Company is a large scale integrated energy and chemical company with upstream, mid-stream and downstream operations. The Company is a large-scale oil and gas producer in China; in respect of refining capacity, it ranks first in China; equipped with a well-developed refined oil products sales network, the Company is the largest supplier of refined oil products in China; and in terms of ethylene production capacity, the Company takes the first position in China, and has a well-established marketing network for chemical products.
Sinopec Corp. has established a standardized structure of corporate governance and adopted a management system of centralized decision-making, delegated authorities at different levels and business operations handled by specialized business units. It has more than 100 subsidiaries and branches including wholly-owned, equity-holding and equity-sharing companies, engaging in oil and gas exploration and production, refining, chemicals, marketing, R&D and foreign trade. Business assets and principal markets are located in the east, south and middle part of China, where China's most developed and dynamic economy lies.
Sinopec Group, the largest shareholder of Sinopec Corp., is a super-large petroleum and petrochemical group incorporated by the State in 1998 based on the former China Petrochemical Corporation. Funded by the State, it is a State authorized investment arm and State-owned controlling company.
Description of Services
Products & Services:
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Lubricants
- Automotive
- Marine
- Industrial
- Greases
- Fuel Card
Sinopec is the first company in China to use IC card transaction on a large scale. Since Sinopec Fuel Card was introduced in 2003, “nationwide fueling with one card” has become a trend leading the refined oil retail market. The card provides better services by giving customers better access to information, thus gaining the recognition of consumers. Sinopec Fuel Card was twice recognized as the “powerful” corporate prepaid card by the Ministry of Commerce of China, and was chosen as the most popular prepaid card in a survey done by the website People.cn.
- Gas Station
Sinopec has the world’s second largest gas station network and China’s largest retail store network with annual oil and gas sales of more than 200 million tons and non-oil products revenue of more than 33 billion yuan. There are more than 30,000 in-service gas stations and over 27,000 Easy Joy stores, which can be found in urban areas, on main roads and highways, in rural areas and on the water across China (including Hong Kong). The business scope of Sinopec covers refined oil, natural gas, non-oil products, lubricants, fuel oil, new energy and other petrochemical products, enabling Sinopec to provide first-class services for government agencies, enterprises, institutions and ordinary consumers.
While adhering to the “customer-centered” business philosophy, Sinopec is committed to “developing oil and gas, improving synergy between oil and non-oil products, integrating oil, hydrogen and electricity, and enhancing the interaction between online and offline businesses”. It strives to promote the stable growth of oil and gas business and the rapid expansion of new business. At the same time, Sinopec has made much efforts to develop its business landscape featuring “one base, two wings and three innovations”, tapped into the business value of the gas station ecosystem characterized by interaction and harmony between “People, Cars and Life”, and stepped up its efforts to become a modern comprehensive energy provider of “oil, gas, hydrogen, electricity and services”.
- Chemical Sales CRM
Customer Relation Management System (CRM) serves as a platform through which Sinopec Chemical Products Sales Company is communicating with its customers online. This platform enables customers to enjoy fast business application, instant information checking and expedite feedback; customers could deliver or see about the annual, monthly or daily sales plans. Information about sales orders, capital exchanges and balance could be collected through CRM. Customers can also be exposed to all latest news of the company and participate in its service evaluation and market research or deliver suggestions to the company. Thanks to this platform, sales managers could process the transactions online, which greatly enhanced efficiency.
At present, the 1st stage of CRM project has been launched, and function models of market research, technical services, product information base and electric business platform will be gradually completed while business develops. We will continuously upgrade CRM to cater to customer demand with excellent and convenient services, achieving a long-standing and win-win relations with our customers.
- Liquefied Petroleum Gas
Liquefied petroleum gas (LPG) is one of the petrochemical products, which refers to the petroleum gas that can be liquefied or stored and transported in liquid phase under appropriate ambient temperature and pressure. LPG mainly comes from the by-product gas from various devices in petroleum processing, and some comes from natural gas (including oil-associated gas). Obtained from refinery gas, LPG is mainly composed of propane, propylene, butane, butene, a small amount of pentane, pentene and traces of sulfur compound impurities. The liquefied gas obtained from natural gas (including oil-associated gas) basically doesn’t contain olefins.
- Natural Gas
Founded in June 2005, the Sinopec Natural Gas Company is a specialized company directly under Sinopec in charge of its natural gas business. It has been registered as the Sinopec Natural Gas Co., Ltd. and the Sinopec Great Wall Gas Investment Co., Ltd. concurrently, with main responsibilities including: construction, operation and management of Sinopec natural gas pipeline, LNG terminal, gas storage and other facilities, market development and sales operation, local pipe network and joint venture for terminal sales. The Sinopec Natural Gas Company focuses on management of production and operation; The Sinopec Natural Gas Co., Ltd. focuses on management of joint ventures and investment; The Sinopec Great Wall Gas Investment Co., Ltd. focuses on terminal project development and management.
At present, the Sinopec Natural Gas Company has 15 departments in its headquarters (including directly-affiliated entities), manages more than 60 affiliated units (including joint ventures, project departments and preparatory groups), and employs more than 3,000 people. In 2020, the Company operated 44.52 billion m3 of natural gas, registering a year-on-year increase of 5.18 billion m3 or 13.2%, of which 42.3 billion m3 were sold, representing an increase of 16.2% year on year, 12.3% higher than the national average.
Since its establishment, the Sinopec Natural Gas Company has been implementing Sinopec’s natural gas development strategy. Integrating “resources, facilities, markets and performance”, it has been committed to the philosophy of systematic layout, intensive operation and coordinated development. At the same time, it has accelerated the construction of storage and transport facilities, stepped up efforts in market development, strengthened production and operation management, which has facilitated the rapid development of its natural gas business.
During the 13th Five Year Plan period of China (2016-2020), the Sinopec Natural Gas Company operated a total of 157.2 billion m3 of natural gas, and the annual operating volume of natural gas maintained an increase of more than 24% for six consecutive years, ranking first in China. The Company’s business expanded from 12 provinces in 2015 to 22 provinces, with its domestic market share increasing by an average of 1.2% per year.
- Catalyst
Sinopec Catalyst Company provides more than 200 types of professional catalyst products across 6 categories, including oil refining, polyolefin, basic organic raw materials, coal chemical industry, environmental protection, adsorbents and additives.
- Oil-refining catalysts
- Polyolefin catalysts
- Catalysts for basic organic raw materials
- Catalysts for coal chemical industry
- Environmentally friendly catalysts
- Adsorbents and additives
- Petroleum Coke
Petroleum coke is a hard solid petroleum product in black or dark gray, and is characterized by metallic luster and porosity. It is carbon-shaped stuff composed of tiny graphite crystals formed into granules, columns or needles. The composition of petroleum coke is hydrocarbons, containing 90-97% carbon, 1.5-8% hydrogen, and elements such as nitrogen, chlorine, and sulfur.
Petroleum coke is the carbonized product of heavy residue produced by crude oil processing (atmospheric and vacuum distillation, catalytic cracking, etc.). The main production techniques include delayed coking and fluidized coking.
Generally speaking, petroleum coke refers specifically to sponge coke. Currently, domestic manufacturers mainly produce it in accordance with the industry standards NB/SH/T 0527-2019 formulated by Sinopec (see Table 1 for details). The standards apply to both imported and domestic petroleum coke, which are used as common-power graphite electrodes, carbon raw materials and fuels for aluminum, etc. Needle-shaped coke meets the requirements of the standards of GB/T 37308-2019 for “Oil-based Needle Coke” and T/ZGTS 002-2019 for “Oil-based Needle Coke for Graphite Electrodes”.
- Asphalt
“Donghai” is one of the most influential asphalt brands in China. It was awarded the title of “China Famous Brand” in 2007. In May 2021, according to China Brand Evaluation, Donghai Asphalt enjoyed a brand value of 1.463 billion yuan.
I. Products and engineering application of Sinopec’s Donghai Asphalt
1. Brand value
“Donghai” is one of the most influential asphalt brands in China. It was awarded the title of “China Famous Brand” in 2007. In May 2021, according to China Brand Evaluation, Donghai Asphalt enjoyed a brand value of 1.463 billion yuan.
2. Variety and quality
In order to ensure the excellent quality of Donghai Asphalt products from crude oil procurement to engineering application, the manufacturers and sellers of Sinopec have established a quality assurance system for Donghai Asphalt, and implemented strict quality control measures in crude oil procurement, asphalt production, product sales, transportation and storage, construction and application. Therefore, the excellent product quality can be ensured before, during and after production, and the excellent service can also be ensured before, during and after sales. The quality and performance of Donghai products are known for being consistent.
Sinopec produces nearly 70 kinds of asphalt products such as road petroleum asphalt, SBS modified asphalt, SBR modified asphalt, emulsified asphalt, emulsified modified asphalt, colored asphalt and building asphalt in accordance with national standards and Technical Specifications for Construction of Highway Asphalt Pavements (JTG F40-2004) by the Ministry of Transportation of China.
Petroleum asphalts for heavy traffic road pavement: Using imported crude oil resources suitable for the production of asphalts for heavy traffic road petroleum, Sinopec produced Donghai asphalts for heavy traffic road pavement in accordance with Technical Specifications for Construction of Highway Asphalt Pavements (JTG F40-2004) and Petroleum Asphalts for Heavy Traffic Road Pavement (GB/T 15180-2010) by the Ministry of Transportation of China. The product quality is stable with good climate adaptability, load adaptability and durability.
- Petroleum Products
Sinopec provides gasoline and diesel products of the following grades:
I. Gasoline
1. Automotive gasoline
A. 89# (Ⅵ), 92# (Ⅵ), 95# (Ⅵ), 98# (Ⅵ)
B. 89# (DB11/238), 92# (DB11/238), 95# (DB11/238)
2. Automotive ethanol gasoline
89# (E10) (Ⅵ), 92# (E10) (Ⅵ), 95# (E10) (Ⅵ), 98# (E10)
II. Diesel
1. Automotive diesel
A. 5# (Ⅵ), 0# (Ⅵ), -10# (Ⅵ), -20# (Ⅵ), -35# (Ⅵ), -50# (Ⅵ)
B. 5# (DB11/239), 0# (DB11/239), -10# (DB11/239), -20# (DB11/239), -35# (DB11/239)
2. B5 automotive diesel
5# (Ⅵ), 0# (Ⅵ), -10# (Ⅵ)
Gasoline is generally a water-white transparent liquid that is primarily used as a fuel in spark-ignition engine (i.e., gasoline engine), with a density of between 0.720 to 0.775 g/cm3 and a special aroma. It is divided into aviation gasoline and automotive gasoline by purpose. Gasoline sold in gas stations is generally automotive gasoline and automotive ethanol gasoline (E10). The current standard for automotive gasoline products in China is GB 17930 Code of Gasoline for Motor Vehicles, in which the gasoline is graded into 89#, 92#, 95# and 98#. The current standard for automotive ethanol gasoline (E10) is GB 18351 Code of Ethanol Gasoline for Motor Vehicles (E10), in which the ethanol gasoline is graded into 89#, 92#, 95# and 98#. The gradings of aforementioned types of gasoline are both based on research octane number.








