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Company Description

Contact Info

No. 22 Chaoyangmen North Street

Chaoyang District

Beijing, 100728

China

Phone: 86 10 5996 0028

Fax: 86 10 5996 0386

China Petroleum & Chemical Corporation engages in petroleum and petrochemical businesses across China and Africa. The company’s businesses include exploration for, development, production, and marketing of crude oil and natural gas; the refining of crude oil and marketing and distribution of refined petroleum products; and the production and sales of petrochemical products. China Petroleum & Chemical Corporation is a subsidiary of China Petrochemical Corporation. As of December 31, 2013, the company held 195 production licenses in China, with an aggregate acreage of 22,563 square kilometers and with terms ranging from 10 to 80 years. As of December 31, 2013, the company held 293 exploration licenses in China for various blocks in which it engaged in exploration activities, with an aggregate acreage of approximately 983,680 square kilometers and with the maximum term of 7 years. As of December 31, 2013, the company’s overseas subsidiary held 2 production licenses, with an aggregate acreage of 322.57 square kilometers. Its overseas equity-accounted investments held 70 production licenses, with an aggregate acreage of 3,779.33 square kilometers, and 6 exploration licenses. Properties The company operates 16 oil and gas production fields in China, each of which consists of various oil and gas producing fields and blocks. Shengli production field is the company’s primary crude oil production field. It consists of 70 producing blocks of various sizes extending approximately an area of 2,564 square kilometers in northern Shandong province, all of which are its net developed acreage. Majority of Shengli’s blocks are located in the Jiyang trough with various oil producing layers. As of December 31, 2013, the total acreage of the company’s oil and gas producing fields and blocks in China was 8,902 square kilometers, including 6,388 square kilometers of developed acreage, all of which were net developed acreage; and 2,514 square kilometers of gross undeveloped acreage, all of which were net undeveloped acreage. As of December 31, 2013, the total acreage of oil and gas producing fields and blocks of the company’s overseas subsidiary was 140.5 square kilometers, including 110.0 square kilometers of developed acreage, of which 31.8 square kilometers were net developed acreage; and 30.5 square kilometers of gross undeveloped acreage, of which 8.8 square kilometers were net undeveloped acreage. As of December 31, 2013, the total acreage of the company’s oil and gas producing fields and blocks of its overseas equity-accounted investments was 1,738.5 square kilometers, including 1,591.9 square kilometers of developed acreage, of which 656.5 square kilometers were net developed acreage; and 146.6 square kilometers of gross undeveloped acreage, of which 46.1 square kilometers were net undeveloped acreage. Refining Facilities: The company operates 34 refineries in China. As of December 31, 2013, its total primary distillation capacity of crude oil was 282 million tonnes per annum. Its products include gasoline, diesel, kerosene, and light chemical feedstock. Other products include lubricant, liquefied petroleum gas, solvent, asphalt, petroleum coke, paraffin, and fuel oil. Marketing and Sales of Refined Petroleum Products The company operates sales and distribution network for refined petroleum products in China. In 2013, it distributed and sold approximately 165.42 million tonnes of gasoline, diesel, jet fuel and kerosene. Retail: All of the company’s retail sales are made through a network of service stations and petroleum shops operated under the Sinopec brand. In 2013, it sold approximately 113.73 million tonnes of gasoline, diesel and kerosene through its retail network, representing approximately 68.8% of total domestic gasoline, diesel, jet fuel and kerosene sales volume. As of December 31, 2013, the company had 13 franchised service stations that are owned and operated by third parties. Direct Sales: In 2013, the company sold approximately 33.49 million tonnes of refined petroleum products, including 2.67 million tonnes of gasoline, 28.74 million tonnes of diesel and 2.08 million tonnes of kerose

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