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Global Energy Outlook for Sinopec Corporation (Your name) (Course instructor) (Course title) (Date of submission) Company Overview Sinopec Corporation or China Petroleum Corporation is a petro chemical organization that was established in 1998. The government of China, which holds most of its shares, owns the company. The capital of this Corporation which has an estimated capital of RMB 182 billion is placed at Beijing. The company utilizes its investor`s rights on related government assets that are owned by its own subsidiaries, share holding companies as well as other controlling firms. Some of the company`s rights include decision-making processes, receiving returns on its assets, and appointment of management workforce. The company operates, supervises and manages state assets in accordance to specific laws of the land. In addition, it also shoulders the resultant responsibility of upholding and increasing the state asset`s value. The main activities and operations of this entity include exploration, industrial investment and the management of investments, transportation and storage of oil products, production, comprehensive use of gas and oil products, marketing aspects, designing, construction and installation of petrochemical and petroleum equipments, and oil refining. Other activities include research, application and consulting devices of technology, import and export of commodities and manufacturing of mechanical and electrical equipments (SINOPEC, 2012). Sinopec is presently listed in both domestic and international stock exchange with midstream, downstream and upstream operations involving oil and petroleum products. At its inception back in 2000, the Corporation issued more than 17 billion shares in New York, Hong Kong and London stock exchanges. At the end of that year, the total number of shares in the company was 87 billion, 76% of which were held by Sinopec group. China Petroleum Corporation or Sinopec is the largest supplier and producer of refined oil products in China. It is also a major operator in petrochemical products such as, synthetic fiber monomers, synthetic resin, polymers, synthetic rubber, chemical fertilizers as well as other intermediates. Moreover, it is considered the largest crude oil producer in China. Oil Exploration & Production The company`s oil and gas exploration prospects are mainly located in South, west and East of China. In the year 2012, the company had acquired more than 300 licenses for exploration prospects in several parts of the country. These prospects covered more than 966,800 km2. There are a total of 12 subsidiaries in its gas and oil production including Northwest Company, Shengli Oilfield Company, Zhongyuan Oilfield Company, Henan Oilfield Company, Southwest Oil & Gas Company, North China Company, Jianghan Oilfield Company, China East Company, Shanghai gas and Oil Company, and Exploration Southern Company. In the year 2012, the company generated a substantive ac...