China Petrochemical International Exploration and Production Corporation (中国石化国际勘探开发有限公司), commonly known as Sinopec IEP, is a subsidiary of China Petrochemical Corporation (Sinopec Group). The company leads Sinopec’s overseas upstream activities, focusing on the exploration, appraisal, development, and production of crude oil and natural gas resources.
Sinopec IEP acquires and manages international oil and gas assets through production-sharing contracts, concessions, and joint ventures, providing geological evaluation, drilling, reservoir engineering, and project management capabilities. Its mandate is to expand and secure hydrocarbon reserves and output to support Sinopec’s refining and petrochemical operations, ensuring feedstock supply for fuels and chemical value chains. The company emphasizes operational safety, environmental compliance, and long-term collaboration with host governments and industry partners.
