The second top-10 entrant from the energy sector, Sinopec is also working to fulfill China's growing energy needs.
Earlier this year, the firm spent $3.1 billion on a 33% stake in Apache's Egypt fields, among other acquisitions.
There are few reasons to think China's interest in the energy sector will subside. China is the most populous country on earth with 1.3 billion citizens. It already consumes more oil than any other country save the United States. And it's set to surpass the United States as the world's largest oil importer soon.
