Sinopec Secures $40.9 Billion in Landmark Deals at CIIE 2025

On November 4, 2025, at the 8th China International Import Expo (CIIE 2025), China Petroleum & Chemical Corporation, commonly known as Sinopec, made headlines by signing contracts worth an astonishing $40.9 billion. This significant event underscores Sinopec's ambition and strategies in the energy and chemical sectors, showcasing the company's commitment to technological advancements and international partnerships.

The themed forum organized by Sinopec, titled “Technology Driven, AI Empowered - The Future of Energy,” explored various pressing themes such as digital intelligence, innovation, and advancements in both supply chain resilience and international energy collaboration. The event featured discussions from industry leaders and prominent executives from leading multinational companies, emphasizing the critical need for cooperative efforts in transforming the global energy landscape.

Zhao Dong, vice chairman and president of Sinopec, delivered an insightful keynote address at the forum. He spoke passionately about the company's mission towards high-quality development while leveraging technological capabilities. Zhao emphasized the importance of digital intelligence empowerment in unlocking new avenues for value creation. His remarks highlighted that the company's growth is deeply connected to the long-standing trust and support from global partners.

In pursuit of the ambitious goals set forth in China's upcoming 15th Five-Year Plan, Sinopec aims to enhance scientific and technological innovation. The company is set on overcoming developmental bottlenecks and building new competitive advantages in its industry. Zhao called for collective action in fast-tracking digital transformation while fostering a deep integration of next-generation information technologies with the energy sector.

A key aspect of Sinopec's strategy involves expanding green and low-carbon cooperation. This initiative focuses on the efficient utilization of traditional energy sources while simultaneously supporting the large-scale development of renewable energy solutions. The ultimate goal is to engender sustainable development for the energy and chemical industry, providing a brighter and more sustainable future.

The signing ceremony was not merely a display of Sinopec's capabilities but also a testament to its extensive relationships, having partnered with 34 international companies from 17 different countries and regions, covering 24 product categories including crude oil, chemicals, equipment, consumer goods, and more. This historic event marks another milestone in Sinopec's impressive track record, having signed contracts exceeding $325 billion in total over eight CIIE sessions since the festival's inception in 2018. This accomplishment encapsulates the company's deep-rooted commitment to fostering relationships across the globe.

The CIIE event also featured keynote addresses from a host of industry stalwarts, including Datuk Sazali Hamzah, CEO of Petronas Chemicals Group, Axel Lorenz from Siemens, Aravind Yarlagadda of Baker Hughes, and Audun M. Martinsen of Rystad Energy, each contributing valuable perspectives and insights into the future trajectory of the energy sector.

With these new agreements, Sinopec stands at the forefront of global energy developments, and its ongoing initiatives promise to propel the company further towards achieving its vision of technological advancement and sustainable development in the energy landscape. As the world continues to witness the rapid evolution of energy demands influenced by advancements in technology and changes in policy, Sinopec's strategic actions at CIIE 2025 will shape its long-term direction and responses to future challenges in the sector.

As Sinopec reflects on its achievements, the company is poised to meet the energy needs of a changing world, ensuring that it remains a pivotal player in the global energy arena.