Sinopec Shanghai Petrochemical Signs New Framework Agreement for Storage Services

Reuters2025-12-29

<a href="https://laohu8.com/S/SPTJF">Sinopec Shanghai Petrochemical</a> Signs New Framework Agreement for Storage Services

Sinopec Shanghai Petrochemical Company Limited announced that it has entered into a New Framework Agreement with its Baishawan Branch and Sinopec Reserve on December 29, 2025. The agreement concerns the provision of storage services by the Baishawan Branch to the company. The annual cap for storage service fees was determined with reference to past transaction costs and market price inquiries. The company stated that internal control measures are in place to ensure the terms of the agreement are fair, reasonable, and in line with market standards.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sinopec Shanghai Petrochemical Company Limited published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20251229-11969716), on December 29, 2025, and is solely responsible for the information contained therein.

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