Southernpec

{{Short description|Chinese oil and shipping company}}

Southernpec (Southern Petrochemical) is a Chinese oil and shipping company. Sinopec is a minority shareholder.{{cite news |title=Southernpec floats third tank |url=http://www.tankstoragemag.com/display_news/2734/Southernpec_floats_third_tank/ |work=Tank Storage |date=October 19, 2010}}

Souternpec transports and stores oil products using its ships. The company acquired its first VLCC in 2009.{{cite news |title=Chinese eye VLs |url=https://www.tradewindsnews.com/ship-sales/chinese-eye-vls/1-1-127899 |work=TradeWinds |date=July 7, 2009}}

Its Wing Wah subsidiary developed and operates the Banga Kayo oil field in the Republic of Congo, expected to reach a maximum production of 50,000 barrels per day.{{cite news |title=Congo Republic's Banga Kayo oilfield to produce 50,000 bpd by year end |url=https://af.reuters.com/article/investingNews/idAFKBN18K0SH-OZABS |archive-url=https://web.archive.org/web/20190212153430/https://af.reuters.com/article/investingNews/idAFKBN18K0SH-OZABS |url-status=dead |archive-date=February 12, 2019 |work=Reuters |date=May 24, 2017}} The Banga Kayo oil field is one of the projects credited with rejuvenating oil production in the Republic of Congo, which had been in decline before 2016.{{cite news |last1=Smith |first1=Elie |title=OPEC's Newest Member May Boost Output as Much as 65% This Year |url=https://www.bloomberg.com/news/articles/2018-06-25/opec-s-newest-member-may-boost-output-as-much-as-65-this-year |work=Bloomberg |date=June 25, 2018}}{{cite news |title=Oil production stages unlikely comeback in Congo Republic |url=https://uk.reuters.com/article/congorepublic-oil/oil-production-stages-unlikely-comeback-in-congo-republic-idUKL8N1J54KU |archive-url=https://web.archive.org/web/20191104195747/https://uk.reuters.com/article/congorepublic-oil/oil-production-stages-unlikely-comeback-in-congo-republic-idUKL8N1J54KU |url-status=dead |archive-date=November 4, 2019 |work=Reuters |date=June 9, 2017}}