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Sinopec Hosts Forum Session at 7th China International Import Expo

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Sinopec hosted a forum and signing ceremony at the 7th China International Import Expo (CIIE 2024), securing US$40.9 billion in purchasing contracts with 38 partners from 18 countries. The contracts cover 27 products across 10 categories, including crude oil, chemicals, and equipment. A significant agreement was signed with TotalEnergies for 2 million tons of LNG supply annually for 15 years, starting 2028. Since CIIE's inception in 2018, Sinopec's total signed orders have reached US$285 billion. The company emphasizes its commitment to promoting high-quality, intelligent, and green development through open cooperation and technological advancement.

Sinopec ha ospitato un forum e una cerimonia di firma alla 7ª Fiera Internazionale delle Importazioni della Cina (CIIE 2024), garantendo 40,9 miliardi di dollari USA in contratti di acquisto con 38 partner provenienti da 18 paesi. I contratti riguardano 27 prodotti in 10 categorie, inclusi petrolio greggio, prodotti chimici e attrezzature. È stato firmato un accordo significativo con TotalEnergies per la fornitura annuale di 2 milioni di tonnellate di GNL per 15 anni, a partire dal 2028. Dalla sua istituzione nel 2018, il totale degli ordini firmati da Sinopec ha raggiunto 285 miliardi di dollari USA. L'azienda sottolinea il suo impegno a promuovere uno sviluppo di alta qualità, intelligente e green attraverso una cooperazione aperta e progressi tecnologici.

Sinopec organizó un foro y una ceremonia de firma en la 7ª Exposición Internacional de Importaciones de China (CIIE 2024), asegurando 40.9 mil millones de dólares en contratos de compra con 38 socios de 18 países. Los contratos abarcan 27 productos en 10 categorías, incluidos petróleo crudo, productos químicos y equipos. Se firmó un acuerdo significativo con TotalEnergies para el suministro anual de 2 millones de toneladas de GNL durante 15 años, comenzando en 2028. Desde la creación de la CIIE en 2018, los pedidos totales firmados por Sinopec han alcanzado 285 mil millones de dólares. La empresa enfatiza su compromiso con la promoción de un desarrollo de alta calidad, inteligente y ecológico a través de la cooperación abierta y el avance tecnológico.

시노펙은 제7회 중국 국제 수입 박람회(CIIE 2024)에서 포럼 및 서명식을 개최하고, 18개국의 38개 파트너와 409억 달러 규모의 구매 계약을 체결했습니다. 이 계약은 원유, 화학 물질, 장비를 포함한 10개 카테고리의 27개 제품을 포함합니다. TotalEnergies와 매년 200만 톤의 LNG 공급에 대한 중요한 계약이 2028년부터 15년 동안 체결되었습니다. CIIE가 2018년에 시작된 이후로, 시노펙의 총 서명 주문은 2850억 달러에 달했습니다. 이 회사는 개방적인 협력과 기술 발전을 통해 고품질, 지능형 및 친환경 개발을 촉진하겠다는 의지를 강조하고 있습니다.

Sinopec a organisé un forum et une cérémonie de signature lors de la 7ème Exposition Internationale d'Importations de Chine (CIIE 2024), sécurisant 40,9 milliards de dollars US en contrats d'achat avec 38 partenaires venus de 18 pays. Les contrats couvrent 27 produits dans 10 catégories, y compris le pétrole brut, les produits chimiques et l'équipement. Un accord significatif a été signé avec TotalEnergies pour la fourniture annuelle de 2 millions de tonnes de GNL pendant 15 ans, à partir de 2028. Depuis le lancement de la CIIE en 2018, le total des commandes signées par Sinopec a atteint 285 milliards de dollars US. L'entreprise souligne son engagement à promouvoir un développement de haute qualité, intelligent et écologique grâce à une coopération ouverte et des avancées technologiques.

Sinopec veranstaltete ein Forum und eine Unterzeichnungszeremonie auf der 7. China International Import Expo (CIIE 2024) und sicherte sich 40,9 Milliarden US-Dollar an Einkaufsverträgen mit 38 Partnern aus 18 Ländern. Die Verträge umfassen 27 Produkte in 10 Kategorien, darunter Rohöl, Chemikalien und Ausrüstung. Ein bedeutender Vertrag wurde mit TotalEnergies über die jährliche Lieferung von 2 Millionen Tonnen LNG für 15 Jahre, beginnend 2028, unterzeichnet. Seit der Gründung der CIIE im Jahr 2018 hat Sinopec insgesamt 285 Milliarden US-Dollar an unterzeichneten Aufträgen erreicht. Das Unternehmen betont sein Engagement für die Förderung einer hochwertigen, intelligenten und umweltfreundlichen Entwicklung durch offene Zusammenarbeit und technologische Fortschritte.

Positive
  • Secured US$40.9 billion in new purchasing contracts
  • Established long-term LNG supply agreement with TotalEnergies for 2 million tons annually
  • Achieved cumulative contracts worth US$285 billion across seven CIIE sessions
Negative
  • None.

US$40.9 billion in purchasing contracts signed with 38 partners, bringing the total of seven sessions of CIIE to US$285 billion

SHANGHAI, Nov. 5, 2024 /PRNewswire/ -- China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") has hosted a forum titled "Building Global Energy Partnerships" and a signing ceremony at the 7th China International Import Expo (CIIE 2024) in Shanghai. The exhibition, running from November 5 to 10, is focused on the global energy transition and fostering an open, green, and low-carbon ecosystem.

At the signing ceremony, Sinopec signed purchasing contracts with 38 partners from 18 countries, which totaled US$40.9 billion, including 27 products from 10 major categories, including crude oil, chemicals, equipment, materials, consumer goods and more. Since the first CIIE in 2018, Sinopec has signed orders exceeding a total of US$285 billion in seven sessions.

Ma Yongsheng, chairman of Sinopec, remarked in a keynote speech at the forum that the global energy supply as well as demand pattern and governance system are in need of real changes, and the transformational development of energy and chemical industry is already in a new stage.

"In the face of the great momentum of development, Sinopec unswervingly commits to promoting high-quality, intelligent, and green development leveraging advanced technologies," said Ma. "We also understand deeply that the energy and chemical industries can only achieve sustainable development through cooperation. Sinopec has always adhered to open cooperation and achieve mutual wins with all our partners."

Sinopec aims to enhance collaboration on oil and gas resources, working with various stakeholders to establish a more stable industry alliance. The company is also committed to expanding its green energy initiatives to further its low-carbon transformation goals. Additionally, Sinopec seeks to foster technology partnerships to unite innovative efforts, aiming to create a harmonious balance between humanity and nature, address climate challenges effectively, and build a cleaner, more sustainable world for future generations.

At CIIE 2024, Sinopec also signed cooperation and procurement agreements with a number of companies at the event. It has signed a framework agreement with TotalEnergies on long-term LNG supply, under which TotalEnergies will supply 2 million tons of LNG per year to Sinopec from 2028, for a total of 15 years. The partnership will enable both parties to further explore opportunities across the whole industry chain and promote global energy transformation.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/sinopec-hosts-forum-session-at-7th-china-international-import-expo-302297157.html

SOURCE SINOPEC

FAQ

What is the total value of Sinopec's purchasing contracts at CIIE 2024?

Sinopec signed purchasing contracts worth US$40.9 billion with 38 partners from 18 countries at CIIE 2024.

How much LNG will TotalEnergies supply to Sinopec under the new agreement?

TotalEnergies will supply 2 million tons of LNG per year to Sinopec for 15 years, starting from 2028.

What is Sinopec's total contract value across all CIIE sessions since 2018?

Sinopec has signed orders exceeding US$285 billion in total across seven CIIE sessions since 2018.

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