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Sinopec is launching a major internal restructuring, setting up ​new business units and relocating hundreds of staff, as the world's biggest refiner seeks to lift profits ‌amid flagging Chinese oil and petrochemicals demand, company officials said.

China's Sinopec said it had completed the restructuring of China National Aviation Fuel (CNAF), the country's dominant jet fuel distributor, ​according to a company statement on July 10.

TASHKENT, Uzbekistan, June 24, 2026 (GLOBE NEWSWIRE) -- During the 5th Tashkent International Investment Forum, Allied Biofuels signed a FEED + Detailed Engineering Contract with rollover to EPC with Sinopec Engineering Group Co., Ltd., for its landmark SAF and e-SAF Project in Uzbekistan.

Chinese oil major Sinopec , said it has booked large proven reserves of ​gas at its ultra-deep Ziyang Dongfeng ‌shale gas field.

ZIYANG, China, May 13, 2026 /PRNewswire/ -- China Petroleum & Chemical Corporation ("Sinopec", HKG: 0386) has announced a major shale gas exploration breakthrough of its "Project Deep Earth - Sichuan and Chongqing Natural Gas Base". The Ziyang Dongfeng shale gas field, operated by Sinopec, has secured official approval for proven geological reserves of 235.687 billion cubic meters from the Ministry of Natural…