Ge Long Hui·2026-01-23 09:07Core Viewpoint - China Petroleum & Chemical Corporation (Sinopec) reported its production and sales figures for 2025, indicating slight growth in oil and gas production but a decline in refining and product sales [1][2]. Production and Sales Summary - Crude oil production is projected to be 39.70 million tons in 2025, reflecting a year-on-year increase of 0.2% from 39.62 million tons in 2024 [2]. - Natural gas production is expected to reach 41.253 billion cubic meters, marking a 4.02% increase from 39.66 billion cubic meters in 2024 [2]. - Crude oil processing volume is forecasted at 250.33 million tons, which represents a decrease of 0.78% compared to 252.30 million tons in 2024 [2]. - Total domestic refined oil sales are anticipated to be 177.56 million tons, down 2.88% from 182.82 million tons in 2024 [2]. Detailed Production Metrics - Daily crude oil production from China is estimated at 36.02 million tons, up 0.67% from 35.78 million tons in 2024 [2]. - Daily overseas crude oil production is projected to be 3.68 million tons, down 4.17% from 3.84 million tons in 2024 [2]. - Gasoline production is expected to be 62.61 million tons, a decrease of 2.40% from 64.15 million tons in 2024 [2]. - Diesel production is forecasted at 52.64 million tons, down 9.10% from 57.91 million tons in 2024 [2]. - Kerosene production is projected to increase to 33.71 million tons, up 7.25% from 31.43 million tons in 2024 [2]. - Chemical light oil production is expected to rise to 44.22 million tons, an increase of 8.44% from 40.78 million tons in 2024 [2]. - Ethylene inventory is projected to be 15,279 tons, up 13.46% from 13,467 tons in 2024 [2]. - Synthetic resin production is expected to reach 22,037 tons, a 9.71% increase from 20,087 tons in 2024 [2]. - Synthetic fiber production is projected to be 1,229 thousand tons, down 1.52% from 1,248 thousand tons in 2024 [2]. - Synthetic rubber production is expected to increase to 1,578 thousand tons, up 10.43% from 1,429 thousand tons in 2024 [2].