Sinochem acquired the stake from Pioneer Resources in 2013 for $1.7bn, with production from the JV's land at around 10,000 barrels of oil equivalent per day (boepd) at the time.

Chinese state-owned chemical companies Sinochem Group and ChemChina are in discussions about a possible merger to create a chemicals, fertiliser and oil giant with almost $100 billion in annual ...

Chinese state-owned Sinochem Group is expected to keep its stake in Pirelli despite a move by the Italian government to limit its influence at the tyre maker, three sources close to the matter ...

Pioneer Natural Resources agreed to sell a 40% stake in 207,000 acres in West Texas's Wolfcamp Shale to Chinese conglomerate Sinochem in a deal worth $1.7 billion, the third-biggest single ...

Pioneer Natural Resources Company has inked a farm out agreement with a U.S. subsidiary of Sinochem Group for a portion of the company's acreage in the horizontal Wolfcamp Shale play for $1.7 billion.

Sinochem, owned by the Chinese government, is Pirelli’s biggest single shareholder, with a 37% stake, and has 60% of seats on the board of the Italian tire maker.

By June 2023, the administration of Italian Prime Minister Georgia Meloni was examining the Pirelli-Sinochem agreement using the Golden Power Procedure Rules, granting the Prime Minister's office ...

Sinochem Holdings Corp. is exploring ways to salvage a planned Shanghai listing of its unit Syngenta Group, including a smaller initial public offering for the agrochemical giant, people with ...

China’s Sinochem Holdings Corp. said it does not have any plan to sell its stake in Italian tiremaker Pirelli & C. SpA.. The Chinese state-owned conglomerate, which holds about 37% in the ...

("Total Sells Colombian Assets To Sinochem," at 0913 GMT, misstated the amount of the transaction in the first paragraph. The correct version follows:) French oil major Total SA TOT said Wednesday ...

Sinochem plans to raise $3.2 billion to $5.5 billion from an initial public offering in Shanghai, with the proceeds funding an oil-refining project based in the Fujian port city of Quanzhou.