Sinopec Engineering Group Co 02386.HK

Publicly traded, Sinopec Seg was founded in 2000, when it was listed as a joint stock as part of the China Petrochemical Corporation Group. Based in Beijing, it is an energy conglomerate, and one of the largest oil and gas refiners in the world. Other Sinopec Seg services include chemical fertilisers, storage and pipeline transportation and petrochemicals.
Sinopec Seg went public in 2001, with the stock symbol, 2386.HK. The stock is available on several exchanges: Shanghai Stock Exchange, Stock Exchange of Hong Kong, New York Stock Exchange and the London Stock Exchange. The Sinopec IPO helped the company raise HK$13,666.1 million, with a share price of HK$10.5. The IPO was extremely oversubscribed, with the company forced to relocate 33.2 million shares in total.
Sinopec Seg is extremely active in Africa, entering into several key partnerships in order to expand its operations on the continent. The company signed an evaluation deal with the government of Gabon in 2004. In 2005, Sinopec Seg partnered with CNPC to purchase an oil field in Sudan. In 2013, Sinopec Seg purchased an Angolan oil and gas field for $1.52 billion from Marathon Oil.
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