The Zhitong Finance App learned that Sinopec Refining and Chemical Engineering (02386) rose more than 5% in early trading. As of press release, it rose 4.31% to HK$5.805, with a turnover of HK$237.941 million.

According to the news, on October 13, the Houthis in Yemen released information to the outside world, warning all workers and people near Saudi Aramco facilities to immediately evacuate the relevant areas and keep their distance from these facilities. The Houthis said, “Saudi Aramco's oil facilities will become their legitimate targets.”

According to public information, Sinopec's refining and chemical engineering is the leading energy and chemical engineering project. The company previously disclosed operating results for the first half of 2026. The total number of new contracts signed by the company in the Gulf Cooperation Council (GCC) market reached US$795 million, covering a number of core energy projects in the UAE and Saudi Arabia. Furthermore, in August of this year, the Refining and Chemical Engineering Group's Saudi emergency repair project was praised by Saudi Aramco owners.

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