SOEs News

Sinopec to Invest 30b Yuan in Hydrogen Related Business

2021-08-31

China Petroleum and Chemical Corp, which is known as Sinopec and is the world's largest refiner by volume, plans to invest 30 billion yuan ($4.64 billion) during the 14th Five-Year Plan (2021-2025) period in hydrogen related business, the company said on Monday.

First Chinese Central SOE-Contract Railway Bidding Project in EU Breaks Ground

2021-08-31

The roadbed reinforcement phase of the Polish E75 railway project recently broke ground as an undertaking by STECOL CORPORATION of Power Construction Corporation of China (POWERCHINA).

Profits of Chinese SOEs Surge in Jan-July

2021-08-31

The combined profits of China's State-owned enterprises (SOEs) surged 92.1 percent year-on-year to nearly 2.79 trillion yuan ($430 billion) in the first seven months of this year, official data showed on Friday.

POWERCHINA Contributes to Water Supply in Southern Sahara Region

2021-08-30

The Zuerat Dam Project in Mauritania has passed final inspection and is expected to support local drinking water supply.

Sinopec's 1st Gas Storage Tank in Shandong Starts Operation

2021-08-30

China Petrochemical Corp, or Sinopec Group, announced that its first gas storage tank in East China's Shandong province, Shengli oilfield Yong-21 gas storage tank, was put into operation and started trial gas injection on Friday.

CR20G Builds Agribusiness Chains in BRI Economies

2021-08-30

Xi'an, Shaanxi province-based infrastructure project provider China Railway 20th Bureau Group Corp, or CR20G, will become an agricultural industry chain builder in markets involved in the Belt and Road Initiative during China's 14th Five-Year Plan period (2021-25), an executive said.

High-Speed Railway Marks Milestone

2021-08-30

The last box girder was placed on the piers for a grand bridge in Hangzhou, East China's Zhejiang province, on Aug 29, marking the completion of the erection of the box girders on the Huzhou-Hangzhou high-speed railway.

Continental Shale oil Demonstration Zone Unveiled in China

2021-08-30

A national-level demonstration zone of continental shale oil was unveiled on Aug 28 in Daqing, Northeast China's Heilongjiang province, which aims to produce over 1 million tons of oil annually by 2025.

POWERCHINA Contributes to Water Supply in Pakistan

2021-08-27

Construction of the fifth phase of the Tarbela hydropower plant project in Pakistan recently started.

CSG Contributes to GBA Development

2021-08-27

China Southern Power Grid (CSG) has been providing high-quality power service for residents through digital methods.

Sinopec Group Discovers Abundant Gas Reserves in Southwest China

2021-08-26

China Petrochemical Corporation (Sinopec Group) recently discovered an abundance of natural gas in its Zhongjiang field in Southwest China's Sichuan Province.

Construction of China-Funded Stadium in Cambodia Completed

2021-08-26

The China-aided national stadium in Phnom Penh, capital of Cambodia, passed final inspection on Aug 16, marking completion of the symbol of Sino-Cambodian friendship.