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Alibaba helps Sinopec with cloud computing, big data

The link-up was for technical services and did not involve equity cooperation, China Petroleum & Chemical Corp, or Sinopec, said on its official microblog. It did not say how much money was involved.

China Sinopec unit to sell 30% stake

Chinese oil giant Sinopec will sell a 30 percent stake in its marketing arm to outside investors for more than $17 billion.

China shuts down damaged Sinopec pipeline

China Wednesday permanently shut down a section of an oil pipeline in east China's coastal Qingdao city after it suffered heavy damage following the recent deadly explosions that killed 55 people.

French oil giant sells stake in Nigerian offshore

French oil giant Total has announced that it has sold 20 percent of its stake in a Nigerian oilfield to Sinopec, a subsidiary of China Petrochemical Corporation.