| China Petroleum & Chemical Corporation engages in integrated oil and gas and chemical operations in the People's Republic of China. Its oil and gas operations include exploring for, developing, and producing crude oil and natural gas; transporting crude oil, natural gas, and products by pipelines; refining crude oil into finished petroleum products; and marketing crude oil, natural gas, and refined petroleum products. The companys Chemical operations include the manufacture and marketing of chemicals for industrial uses. As of December 31, 2003, the company had proved reserves of 3,738 million barrels-of-oil equivalent, including 3,225 million barrels of crude oil and 2,888 billion cubic feet of natural gas. China Petroleum and Chemical Corporation was founded in 2000 and is headquartered in Chaoyang District, The People's Republic of China. |
