Domestic

Sinopec pays hundreds of billions to investors

By Gao Yuan (chinadaily.com.cn)
Updated: 2010-10-19 17:39

China Petroleum & Chemical Corp (Sinopec), the biggest petrochemical company in Asia, has paid dividends worth 104 billion yuan to its shareholders in the past decade, Shanghai Securities News reported Tuesday.

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The Hong Kong-, New York-, London- and Shanghai-listed company has produced 827 million tons of petroleum products and 45.3 million tons of ethylene and distributed 959 million tons of oil in the past ten years.

The State-owned enterprise has 14 10-million-ton-level refinery bases, six 1-million-ton-level ethylene production bases and four joint-ventured ethylene production bases in China.

The company's 30,000 gas stations formed the largest oil service network in China.