China Petroleum & Chemical Corporation, through its subsidiaries, operates as an integrated oil and gas, and chemical company in the People's Republic of China and Hong Kong. Its oil and gas operations include exploring for, developing, and producing crude oil and natural gas; transporting crude oil, natural gas, and products by pipelines; refining crude oil into finished petroleum products; and marketing crude oil, natural gas, and refined petroleum products. As of December 31, 2006, the company had proved reserves of approximately 2,903 million barrels of oil and 2,856 billion cubic feet of natural gas. The company's chemical operations include the manufacture and marketing of chemicals for industrial uses. Its products include a range of petrochemicals, basic organic chemicals, monomers and polymers for synthetic fiber, polyester chips and polyester fibers, synthetic resin, synthetic fiber, synthetic rubber, and various chemical fertilizers. It has an alliance with McDonald's Corp. to open Drive Through restaurants in the People's Republic of China. The company was founded in 2000 and is based in Beijing, the People's Republic of China. China Petroleum & Chemical Corporation is a subsidiary of China Petrochemical Corporation.

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