中國石化計劃有史以來最大的資本支出

Recently Yahoo News on-line reported the following:

China's Sinopec plans its biggest capital expenditure in history

Sun, March 27, 2022, 2:16 a.m.

BEIJING (Reuters) - China Petroleum & Chemical Corp, better known as Sinopec, is planning its highest capital investment in history for 2022 after recording its best profit in a decade, echoing Beijing's call for energy companies to raise production.

Sinopec expects to spend 198 billion yuan ($31.10 billion) in 2022, up 18% from a year ago, beating the previous record of 181.7 billion yuan set in 2013, according to a company statement filed to the Shanghai Stocks Exchange on Sunday.

It plans to invest 81.5 billion yuan in upstream exploitation, especially the crude oil bases in Shunbei and Tahe fields, and natural gas fields in Sichuan province and the Inner Mongolia region.

"Looking ahead in 2022, the market demand for refined oil will continued to recover, and demand for natural gas and petrochemical products will keep growing," Sinopec said in the statement.

It also warned of potential impacts of geopolitical challenges and volatile oil prices on the investment and operation at overseas businesses. But the firm did not name any specific project.

Reuters reported that Sinopec Group had suspended talks for a major petrochemical investment and a gas marketing venture in Russia, heeding a government call for caution as sanctions mount over the invasion of Ukraine.

Brent oil prices have gained 52% so far this year and hit as high as $139 a barrel in early March, stoked by fears of supply disruption in the wake of Russia's invasion of Ukraine.

Sinopec recorded its biggest profit in a decade in 2021 on the back of recovering energy demand and oil price increases in the post-COVID era, with net earnings reaching 71.21 billion yuan.

It plans to produce 281.2 million barrels of crude oil and 12,567 billion cubic feet of natural gas in 2022, up from its output of 279.76 million barrels and 1,199 billion cubic feet in 2021.

Beijing seeks to ensure energy safety in the country amid intensifying geopolitical risks. It wants to keep annual crude oil output at 200 million tonnes and crank up natural gas production to more than 230 billion cubic metres (bcm) by 2025 from 205 bcm in 2021.

Crude throughput and production of refined oil products at Sinopec are expected to stay around the same level in 2022 from a year ago, at 258 million tonnes and 147 million tonnes, respectively.

But demand for gasoline and diesel are dented in China as more than 2,000 of daily COVID cases have triggered local authorities to impose stringent travel restrictions while manufacturers suspended operations amid supply chain clogs.

($1 = 6.3658 Chinese yuan renminbi)

(Reporting by Muyu Xu and Chen Aizhu. Editing by Gerry Doyle)

Translation

北京（路透社）- 中國石油化工股份有限公司（簡稱中石化）在錄得十年來最好的利潤後，正計劃在 2022 年實現歷史上最高的資本投資，這與北京呼籲能源公司提高產量的呼聲相呼應。

根據周日提交給上海證券交易所的一份公司聲明，中石化預計 2022 年將花費 1,980 億元人民幣（311 億美元），同比增長 18%，超過 2013 年創下的 1,817 億元人民幣的紀錄。

計劃投資815億元用於上游開發，特別是順北油田、塔河油田的原油基地，以及四川省和內蒙古地區的天然氣田。

中石化在聲明中表示 “展望2022年，成品油市場需求將持續回升，天然氣和石化產品需求將持續增長” 。

它還警告地緣政治挑戰和油價波動對海外企業投資和運營的潛在影響。但該公司沒有透露任何具體項目的名稱。

路透社報導稱，中國石化集團已暫停在俄羅斯的一項重大石化投資和一家天然氣營銷企業的談判，因為隨著對烏克蘭入侵的製裁加劇，政府呼籲謹慎行事。

布倫特原油價格今年迄今已上漲 52%，並在 3 月初達到每桶 139 美元的高位，原因是擔心俄羅斯入侵烏克蘭後供應中斷。

在後疫情時代能源需求回暖和油價上漲的推動下，中國石化在2021年創下十年來最大利潤，淨利潤達到712.1億元。

它計劃在 2022 年生產 28,120 萬桶原油和 125,670 億立方英尺的天然氣，高於 2021 年的 27,976 萬桶和 11,990 億立方英尺的產量。

在地緣政治風險加劇的情況下，北京尋求確保該國的能源安全。它希望將年原油產量保持在 2 億噸，並將天然氣產量從 2021 年的 2,050億立方米提高到 2025 年超過 2,300 億立方米。

預計 2022 年，中石化原油吞吐量和成品油產量將分別保持在 2.58 億噸和 1.47 億噸左右的水平。

但在中國汽油和柴油的需求受到抑制，因為每天有 2,000 多宗新冠病毒病例已引發地方當局實施嚴格的旅行限制，而製造商因供應鏈阻塞而暫停運營。

So, Sinopec is planning its highest capital investment in history for 2022 after recording its best profit in a decade, responding to Beijing's call for energy companies to raise production.