Examples of Sinopec Group in a sentence
Sinopec Group is a state-owned company established in the PRC with limited liability and is wholly-owned by 國務院國有資產監督管理委員會 (the State-owned Assets Supervision and Administration Commission of the State Council*).
Xx. Xxxx Xx, Xx. Xxxxx Xxxxx, Xx. Xxx Xxxx, Xx. Xx Xxxxxxx and Xx. Xxxx Xxxxxx, the executive Directors, also hold other executive posts within Sinopec Group.
Xxx Xxxxxxxx (the related Directors) abstained from voting at the Board meeting due to their positions in Sinopec Group.
The rental paid was RMB4.78 million, the right-of-use assets involved are listed below: Transaction Total right-of-use assets as of 31 December 2019 (RMB 100 million) Lease of Exploration IV Drill Rig by the Group from Sinopec Group 0.44 Sinopec Ocean Petroleum Engineering Co., Ltd.
Sinopec Group owns related equipment manufacturing enterprises, as well as Taiping & Sinopec Financial Leasing and Pecinternational Leasing that can carry out financial leasing business.
The Project involves construction of crude oil storage facilities which is subject to different rules, regulations and standards prescribed by the State and Sinopec Group.
Clients of each of (i) Sinopec Group and its associates and (ii) the non-Sinopec Group and its associates Sinopec Group and its associates 19,204,658 64.2 68,104,733 55.8 Non-Sinopec Group and its associates 10,688,232 35.8 53,862,227 44.2 Total 29,892,890 100.0 121,966,960 100.0 The Board wishes to emphasise that the above information in relation to the representative new contracts, the total value of new contracts and backlog shall not constitute any forecast or prediction of the profits of the Group.
For the year ended 31 December 2019, the Group's transaction of leasing equipment from the Sinopec Group was only for the lease of Exploration IV Drill Rig.
Sinopec Group Company is a State-authorised investment vehicle principally engaged in oil and petrochemical business.
On 25 August 2020, the Company entered into the Equipment Leasing Framework Agreement with China Petrochemical Corporation, pursuant to which, the Group agreed to lease equipment to and from Sinopec Group during the period from the Agreement Effective Date to 31 December 2021.