- Capacity to refine high sulfur crude to rise to over 70M tons.
- Back on 11/13, the company noted that it would lower its oil refining in Nov by 10% to 15M metric tons.

Other headlines for [SNP]

• PTR 1/5/2009 09:07pm
  PetroChina Co Ltd Sinopec and PTR cut their prices for gasoline and diesel in Shanghai - Shanghai Securities News- PetroChina cut retail prices by more than 5% as of Dec 25. - Sinopec cut prices at about 80 of its more...
  
• SNP 1/1/2009 11:11pm
  China Petrochemical Sinopec The company produced approximately 42M metric tons of crude oil in 2008, sales revenue was CNY1.28T ($187.6B)- Annual crude output was equivalent to 307.86M v 291.67M barrels y/y. - Sinopec said more...
  
• SNP 1/1/2009 09:41pm
  China Petrochemical Sinopec The company held 34.8M metric tons of gasoline in stock at the end of Nov (+5.14% m/m) - Xinhua- The company's diesel stocks hit 52M barrels at the end of Nov (+0.78% m/m)
  
• SNP 12/29/2008 10:33pm
  China Petrochemical Sinopec The company has added 104M metric tons of proven oil reserves at its Shengli field- Note: Shengli is China's second largest oil field.
  
• USO 12/25/2008 06:49am
  US Oil Fund China adding 6M barrels to its main oil reserve depot effective immediately-The facility, operated by China National Petroleum (CNPC), eventually plans to store 50M bbl of crude once construction of more...
  

Energy sector headlines

• CMZ Today 05:40pm
  Compton Petroleum Names Tim Granger President/CEO
  
• ASTI Today 05:32pm
  Ascent Solar Technologies Files $150M mixed securities shelf (180% of market cap)
  
• OII Today 04:13pm
  Oceaneering International Guides ROV fleet utilization in mid- to high 80% range, 2008 earnings +10% y/y - filing- Expects ROV fleet utilization rate during the 4th quarter of 2008 will be in the mid to high 80% range, and more...
  
• PCX Today 04:05pm
  Patriot Coal, Inc. To cut jobs, implements prior plans to close Jupiter mine, citing market conditions- The Company announced on September 29, 2008, its intention to idle the Jupiter thermal coal facility. - In more...
  
• TMR Today 02:02pm
  Meridian Resource Corp. Names Chairman Paul Ching interim CEO