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Asia / Oil & Gas

Sinopec forms new engineering company

September 05, 2012
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BEIJING — Sinopec, China’s state-owned oil and gas company, has consolidated its eight construction units to form a new engineering company that will focus on refinery and petrochemical projects.

Sinopec said in a statement Monday that the new company, Sinopec Engineering, can handle up to 20 engineering projects simultaneously and is capable of constructing large-scale refining and ethylene projects.

Sinopec executives believe the new entity will help the company secure more construction projects in China and other countries.

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