China Petrochemical Group
China Petrochemical Group Co., Ltd. (Sinopec for short) is a super large petroleum and petrochemical enterprise group reorganized on the basis of the original China PetroChemical Corporation in July 1998, it is a wholly state-owned company invested and held stocks by the State The registered capital of Sinopec is 130.6 billion yuan, the General Manager is the legal representative, and the headquarter is located in Beijing. Up to the end of 2007, the total equity of China Petrochemical Co., LTD is 86.7 billion shares, in which Sinopec Group holds 75.84%, foreign investment holds 19.35%, and domestic public holds 4.81%. In 2010, the net profit of Sinopec was 70.7 billion.
Shanghai Blue Arrow is a Class A supplier of Sinopec and is listed No.1 among the suppliers within the framework agreement.