Industry sector: Oil and gas
Sinopec has built up a formidable portfolio of intellectual assets, with patents a particular strong point: the company is one of China’s top domestic patent filers and has made extensive use of the PCT in recent years. It has also broken new ground as one of the first Chinese companies to engage in international licensing. The company’s vast resources have helped it to develop an enviable R&D capability, comprising six research institutes and four engineering institutes. By leveraging these assets, the state-owned company looks set to maintain and improve on its convincing global position.