China Petroleum & Chemical Corporation (SINOPEC)

Asian Activities Report for December 20, 2011 includes: Sharp Corporation (TYO:6753) is planning to sell 90-inch LCD TVs - its largest LCD TV product in the US market in 2012; Sinopec Kantons Holdings Limited (HKG:0934) and China Shipping Development (HKG:1138) have signed an agreement to form a joint venture company in Hong Kong to build around five liquefied natural gas vessels; Mikuni Corporation (TYO:7247) says that its car parts manufacturing plant in Thailand has recovered part of its production ability, with operation recommenced on December 12th.

Asian Activities Report for November 23, 2011 includes: Air Liquide (EPA:AI), the world leading industrial gas supplier, has formed a 50/50 joint venture with China Petroleum and Chemical Corporation ("Sinopec") (NYSE:SNP) (HKG:0386) (SHA:600028) to jointly invest Euro 85 million in a refinery expansion project in Maoming, Guangdong Province, China; TNG Limited (ASX:TNG) reports positive interim results from the Pre-Feasibility Study ("PFS") on its 100%-owned Mount Peake Iron-Vanadium Project in the Northern Territory; Sumitomo Metal Mining Co., Ltd. (TYO:5713) has established a subsidiary in Brazil to look for opportunities to acquire interests in copper, gold, nickel or other resources project; Western Desert Resources Limited (ASX:WDR) has signed a Memorandum of Understanding with Xstrata Zinc to investigate the feasibility of gaining access to Xstrata Zinc's McArthur River Mine loading facility.

Santos (ASX:STO) shares on Monday defied the market sell-off after the company said it had executed a A$2 billion bilateral bank loan facility. The new facility will be used to refinance its existing A$700 million of undrawn bilateral bank facilities that mature between 2011 and 2013 and to increase liquidity.

After the success last year of SIPPE 2009, Shanghai Aiexpo Exhibition Service Co., Ltd are pleased to announce the SIPPE 2010 Shanghai 5th International Petroleum Petrochemical Natural Gas Technology Equipment Exhibition.

Most Asian stock markets were lower Friday due to some profit taking selling before the release of US non-farm payrolls data.

US shares fell on Thursday as the services sector index declined unexpectedly in November. The contraction also hurt sentiment ahead of the release of unemployment figure.

All the key markets in Asia were hurt by the debt problem of Dubai today. Japan's key Nikkei stock index opened nearly 2 percent lower Friday while Hong Kong's Hang Seng Index declined about 3 per cent at opening with banks which are exposed to overseas assets tumbled massively.

Asian stock markets were broadly lower Friday following the weakness in Wall Street. Chinese shares also fell on profit taking, but airline equities rose across the board on a new pricing mechanism of fuel surcharge to take effect this weekend.

The German chemical giant BASF (ETR:BAS)(OTC:BASFY) and its joint venture partner China Petrochemical Corporation (Sinopec) are to invest US$1.4 billion to expand their key Chinese chemical production facilities in the eastern Chinese town of Nanjing, Jiangsu Province. Chemicals produced in Nanjing by the partners are targeted towards the building, pharmacy and automotive industries and the expansion of their facilities should be fully operational in 2011.

Most Asian markets started the trading session with volatility on Monday after US stocks retreated on Friday. Tokyo and Seoul shares opened flat, and soon proceeded to a negative territory. Today Investors are also awaiting US government to unveil its plan to help the auto industry.