On February 19, 1983, the Central Committee of the Communist Party of China and the State Council issued a "Notice" and decided to establish China Petrochemical Corporation. On July 12, the founding meeting of Sinopec Corporation was held in the Great Hall of the People.
On January 19, 1984, the state approved the construction of seven large-scale projects by Petrochemical Corporation, namely 390,000 tons/year ethylene in Daqing, Yangzi, and Qilu, and 30 tons/year synthetic helium in Zhenhai, Ningxia, and Urumqi. and 520,000 tons/year urea and Shanghai Petrochemical Complex Phase II project.
On May 14, 1986, the Central Organization Department informed that the Central Committee decided that Petrochemical Corporation would no longer establish a board of directors and implement a manager responsibility system.
On February 6, 1988, the Prime Minister’s Office Meeting of the State Council determined that Petrochemical Corporation would remain directly under the State Council for the time being.
On January 8, 1990, the first new cracking furnace (Northern Furnace) with an annual output of 250,000 tons of ethylene independently developed by my country passed the national appraisal and acceptance.
On September 11, 1991, Petrochemical Corporation and the China Association for Science and Technology jointly held the 91 International Petroleum Refining and Petrochemical Industry Academic Conference and Exhibition in Beijing.
On January 11, 1992, the State Council approved the 300,000 tons/year ethylene reconstruction and expansion project of Beijing Yanshan Petrochemical Company.
On February 18, 1993, China International Petrochemical United Company, a joint venture between Petrochemical Corporation and China National Chemical Import and Export Corporation, opened. On July 26, Shanghai Petrochemical’s H shares were listed on the Hong Kong Stock Exchange. On September 28, my country’s first 800,000 tons/year hydrogenation unit independently researched, designed and manufactured was completed at Zhenhai Petrochemical Plant. On November 8, Shanghai Petrochemical A shares were listed on the Shanghai Stock Exchange.
On January 7, 1994, the State Planning Commission approved the Petrochemical Corporation to build a National Engineering Research Center for Refining Technology and Catalysts based on the Petrochemical Research Institute. On November 9, Yangzi Petrochemical Company established Yangzi BASF Ethylene Series Co., Ltd. as a joint venture with BASF in Germany, and started construction of 120,000 tons/year styrene and 100,000 tons/year polystyrene projects.
On November 28, 1995, "Sinopec" registered trademark (Chinese and English + sunrise pattern) and "Torch" service trademark (Sinopec).
On July 10, 1996, my country's first solution-polymerized styrene-butadiene rubber plant with an annual output of 10,000 tons was successfully put into operation at Beijing Yanshan Petrochemical Company. The physical and mechanical properties of the product reached the level of similar foreign products.
On October 13, 1997, the signing ceremony of the joint feasibility study agreement on the Fujian Refining and Chemical Integration Project was held in the Great Hall of the People.
On May 26, 1998, the signing ceremony of the enterprise transfer agreement between China National Petroleum Corporation and China Petrochemical Corporation was held in Beijing. Twelve oil fields and oil transportation companies, including Shengli Petroleum Administration Bureau, Zhongyuan Petroleum Exploration Bureau, Hanjiang Petroleum Administration Bureau, Henan Petroleum Exploration Bureau, Jiangsu Petroleum Exploration Bureau, and East China Petroleum Transmission Administration Bureau, were included in the Petrochemical Corporation, Daqing Petrochemical General Plant, Fushun Petrochemical Company, Jinzhou Petrochemical Company, Dalian Petrochemical Company, Lanzhou Petrochemical Company, Urumqi Petrochemical General Plant and other 14 refining and chemical companies were included in the National Petroleum and Natural Gas Corporation. From June 13th to September 29th, oil companies in 18 provinces (autonomous regions and municipalities) including Beijing, Tianjin, Shandong, Jiangsu, Zhejiang, Guangdong, Hunan, and Hubei, and 4 cities with independent state planning including Qingdao, Ningbo, Xiamen, and Shenzhen It was successively transferred to Petrochemical Corporation. On July 27, the founding meetings of China Petroleum & Chemical Corporation and China National Petroleum Corporation were held in the Great Hall of the People.
On February 28, 2000, China Petroleum & Chemical Corporation, exclusively initiated and established by Petrochemical Corporation, was established. On March 30, according to the regulations of the State Council, China New Star Petroleum Co., Ltd. was integrated into the Petrochemical Corporation. From October 9th to 12th, Sinopec conducted an initial public offering of 16.78 billion H shares overseas, raising US$3.46 billion. On the 18th and 19th of the same month, Sinopec H shares were listed in Hong Kong, New York and London respectively.
On January 22, 2001, Sinopec International Petroleum Exploration and Development Company was established. From July 16th to 19th, Sinopec Corp. publicly issued 2.8 billion A shares domestically, raising 10.8 billion yuan. On August 8, Sinopec A shares were listed on the Shanghai Stock Exchange.
On February 28, 2002, the signing ceremony for the joint venture between Sinopec Corp. and PCCW Limited to establish Sinopec PCCW Information Technology Co., Ltd. was held in Beijing. On April 11, Sinopec Southern Exploration and Development Branch was established. On May 29, the Lubricant Branch of Sinopec Corp. was reorganized and established.
On August 26, 2004, Sinopec, Exxon Mobil, Saudi Aramco and Fujian Refining and Chemical signed an expansion design agreement for the Fujian Refining and Chemical Integrated Project at their headquarters. The Fujian refined oil marketing joint venture company jointly submitted a scientific research agreement and a petroleum product sales agreement. On September 22, the inauguration ceremony of Sinopec Shanghai Asphalt Sales Branch was held at Shanghai Xingguo Hotel.
On June 22, 2005, the groundbreaking ceremony for the Qingdao Refinery Project was held in Qingdao. On June 29, the official commissioning ceremony of Shanghai SECCO's 900,000 tons/year ethylene project was held in Shanghai.
On September 20, 2006, the Zhenhai National Petroleum Strategic Reserve was fully completed and put into use. On October 10, the share-trading reform of the A-share market was implemented. On October 11, Hainan Refining and Chemical Co., Ltd. increased its registered capital by capital injection. After the capital increase is completed, it holds 17% equity interest in Hainan Refining and Chemical Co., Ltd. On November 6, the groundbreaking ceremony for the 1 million tons/year ethylene project of Sinopec Zhenhai Refining and Chemical was held in Zhenhai Refining and Chemical. On November 18, Sinopec Maoming’s 1 million tons/year ethylene expansion project was put into operation.
On April 9, 2007, the State Council officially approved the "Sichuan-East Gas Transmission" project, and it was included in the national "Eleventh Five-Year Plan" major projects. On December 31, it acquired five oil refining companies including Zhenjiang Dongxing of Sinopec Group Company.
On February 20, 2008, Sinopec issued 30 billion separately traded convertible bonds domestically.
On August 18, 2009, Sinopec successfully acquired Addax, an independent oil company headquartered in Switzerland. On November 11, the Fujian Refining and Ethylene Integration Project was officially put into commercial operation. On November 23, Sinopec officially promulgated the "Corporate Culture Outline of China Petroleum & Chemical Corporation". On December 28, the groundbreaking ceremony for the construction of Sinopec Science and Technology Research Center was held in Shahe Satellite City, Changping District, Beijing.
On March 23, 2010, the signing ceremony for strategic partners in China's aerospace industry was held in Beijing. Sinopec is China's first strategic partner in aerospace industry. On March 29, Sinopec announced that the Sichuan-East Gas Transmission Project, a major national “11th Five-Year Plan” project, was completed and put into operation. The main pipeline of the Sichuan-to-East Gas Transmission Project has a total length of more than 1,700 kilometers, with a designed capacity to transport 12 billion cubic meters of purified natural gas annually, and a total investment of 62.676 billion yuan. On April 20, the ethylene cracking unit, the leading device of Zhenhai Refinery’s 1 million tons/year ethylene project, produced qualified ethylene and achieved first-time start-up. On May 11, Tianjin’s one-million-ton ethylene and ten-million-ton refining integrated project was officially put into commercial operation. On the morning of June 5, the unveiling ceremony for the establishment of Sinopec Fuel Oil Company was held at the National Convention Center in Beijing. On December 8, Sinopec invested US$7 million to support Beijing in successfully obtaining the right to host the 2015 World Championships and became an official partner of the IAAF.
On February 2, 2011, Sinopec’s acquisition of OXY Argentina’s assets was successfully completed. On April 23, Sinopec’s first shale oil horizontal well, the Biye HF-1 well, was officially drilled. On May 7, the Maoba 503-2H well, the first high-sulfur open-hole horizontal well in China, began blowout operations. The 12mm gas nozzle separator is required to produce 692,000 cubic meters of natural gas per day and 6.277 million cubic meters of natural gas per day with unimpeded flow. On May 13, the 100,000 tons/year unsaturated resin plant jointly built by Sinopec and the Dutch DSM Group officially laid the foundation stone and started construction in the North Park of Nanjing Chemical Industry. On July 13, Sinopec Sichuan Vinylon Plant became China's largest producer and the world's second largest producer in the production of vinyl acetate and polyvinyl alcohol. On July 15, Sinopec’s first shale gas horizontal well, the Jianye HF-1 well, was successfully drilled and entered the completion stage. On July 28, the groundbreaking ceremony of Sinopec Singapore Lubricant Project was held in Singapore. On July 28, the 24th Hart Energy Awards were announced, and Sinopec won the International Refining Company Excellence Award. On August 3, Sinopec proposed the development goal of “building a world-class energy and chemical company”.
On August 9, Sinopec and Australia Pacific Liquefied Natural Gas Co., Ltd. (APLNG) completed the delivery of the 15% share subscription project of AOLNG.
On January 3, 2012, Sinopec signed an agreement with Devon Energy Company of the United States to acquire one-third of the company’s five shale oil and gas assets in the United States. On January 15, Sinopec signed a joint venture agreement for the Yanbu Refinery and a joint venture agreement for the Tianjin polycarbonate project with Saudi Arabian Oil Company and Saudi Basic Corporation in Riyadh. On March 28, Sinopec's acquisition of 30% equity in Galp's Brazilian assets was completed simultaneously in Brazil and the Netherlands. On April 3, the 3 billion cubic meter natural gas production capacity construction project in the Dawan block of the Puguang Gas Field was successfully put into operation, becoming an important resource replacement position for the Sichuan-East Gas Transmission Project. On April 13, the State-owned Assets Supervision and Administration Commission of the State Council held a working meeting of the Group Company’s Construction Standards Board of Directors at the Sinopec headquarters and announced the establishment of the Sinopec Group Company’s Board of Directors. The board of directors consists of 9 directors, including 5 foreign directors and 1 employee director. On May 10, Sinopec successfully issued US$3 billion in international bonds. This was the first time that the group company entered the international bond market for direct financing. On June 28, Sinopec Refining and Sales Co., Ltd. was established in Shanghai. On July 12, Sinopec and Australia Pacific Liquefied Natural Gas Co., Ltd. (APLNG) completed the delivery of a project to increase its 10% stake in APLNG. On July 26, Sinopec Tahe Refining and Chemical Co., Ltd. and Xinjiang Luyou Petrochemical Co., Ltd. were inaugurated. On September 3, the unveiling ceremony of Sinopec Refining and Chemical Engineering (Group) Co., Ltd. was held at the Sinopec headquarters. On September 28, Sinopec Great Wall Energy and Chemical Co., Ltd. was inaugurated, marking that Sinopec’s coal chemical business has entered a new stage of rapid advancement and professional development. On November 19, Sinopec reached an agreement with France's Total to acquire the company's entire 20% interest in the OML138 block. On November 30, the 14th China Patent Awards Ceremony was held in Beijing. Sinopec Corp. won 5 awards, among which "Alkylation Method of Producing Ethylbenzene from Benzene and Ethylene" and "A Hydrogenation Refining Method of Caprolactam" "Won the China Patent Gold Award. On December 18, Sinopec’s acquisition of a 49% stake in the British subsidiary of Talisman Energy of Canada was officially completed. On December 27, Zhenhai Refinery’s 1 million tons/year ethylene project won the National Quality Project Gold Award, achieving a breakthrough of "zero" National Quality Gold Award in the history of China's petrochemical project construction. On December 27, China's first toluene-methanol methylation industrial unit successfully completed industrial operation tests at Yangzi Petrochemical, marking Sinopec becoming the first company in the world to possess proprietary technology for toluene-methanol methylation. On December 28, Sinopec Petroleum Engineering Technology Services Co., Ltd. was inaugurated in Beijing.
On January 12, 2014, China Petroleum & Chemical Corporation issued an announcement explaining the causes and penalties for the Sinopec Donghuang Oil Pipeline Leak and Explosion that occurred in Qingdao, China on November 22, 2013. . The announcement pointed out that the accident caused a direct economic loss of 751.72 million yuan (RMB, the same below), and Sinopec will bear its corresponding liability for compensation. It is understood that the accident resulted in 62 deaths and 136 injuries. Sinopec has designated November 22 every year as Sinopec’s Safety Production Warning Day to comfort the deceased and warn future generations.
On February 19, 2014, Sinopec’s Board of Directors passed the “Proposal to Start the Reorganization of Sinopec’s Sales Business and Introduce Social and Private Capital to Achieve Mixed Operations”, agreeing to invest in Sinopec’s oil products sales business segment Existing assets and liabilities will be restructured based on audits and assessments, and social and private capital will be introduced to participate in the business to achieve mixed ownership operations.
On August 26, 2014, Sinopec Sales Co., Ltd. and Tencent signed a business framework cooperation agreement.
On February 6, 2015, the Sixth Central Inspection Team reported the special inspection situation to China Petrochemical Corporation. The inspection team pointed out that the main problems existing in Sinopec are: operating and management personnel at different levels and in different sectors use the resources and platforms at their disposal to transfer and exchange interests in project construction, material supply, oil product sales, joint ventures and cooperation, and overseas operations; Relatives and children of the leaders ran businesses in violation of regulations and made profits by contracting Sinopec business and conducting related transactions.
On September 18, 2015, the "Global Charter for Responsible Care" was signed to strengthen the chemical management system, protect people and the natural environment, and urge all parties to make solemn commitments to achieve sustainable development solutions. .