Sinopec to Close Oilfields in Response to Falling Prices

• 来源期刊: 中国油气（英文版）
• 年，卷（期）: 2016,（1）
• 页码范围: 46-47,50
• 页数: 3页
• 语种: 中文

摘要

Low crude prices and a global supply glut are forcing Chinese oil companies to stop drilling and shut down oil fields.China Petrochemical Corporation,known as Sinopec,China's second-largest oil major,will shut down four oilfields in the country's eastern Shandong Province to stay afloat amid plummeting oil prices.The state-owned oil company plans to close four oilfields in the Shengli oilfield,the nation's second-largest Oilfield,later this year.It will be the first shutdown after the first barrel ofoil was pumped from the Shengli Oilfield more than five decades ago.However,Sinopec Shengli Oilfield Company was reported to shut down other oilfields last year.