SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 of

The Securities Exchange Act of 1934

For the month of October 2021

CHINA PETROLEUM & CHEMICAL CORPORATION

22 Chaoyangmen North Street,

Chaoyang District, Beijing, 100728

People's Republic of China

Tel: (8610) 59960114

(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)

  Form 20-F 
X   Form 40-F 

(Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.)

  Yes 
  No 
X

(If "Yes" is marked, indicate below the file number assigned to registrant in connection with Rule 12g3-2(b): 82-__________. )

N/A

This Form 6-K consists of an announcement regarding updated progress on external guarantees of China Petroleum & Chemical Corporation (the “Registrant”), made by the Registrant on October 12, 2021.

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibilities for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(a joint stock limited company incorporated in the People’s Republic of China with limited liability)

(Stock Code: 00386)

Overseas Regulatory Announcement

China Petroleum & Chemical Corporation

Progress Update Announcement on External Guarantees

This announcement is made pursuant to Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

By Order of the Board

China Petroleum & ChemicalCorporation

Huang Wensheng

Vice President and Secretary to the Board of Directors

Beijing, the PRC,

12 October 2021

As of the date of this announcement, directors of the Company are: Ma Yongsheng^#, Zhao Dong^*, Yu Baocai^#, Liu Hongbin^#, Ling Yiqun^#, Li Yonglin^#, Cai Hongbin⁺, Ng, Kar Ling Johnny⁺, Shi Dan⁺ and Bi Mingjian⁺.

#     Executive Director

*     Non-executive Director

+     Independent Non-executive Director

China Petroleum & Chemical Corporation

Progress Update Announcement on External Guarantees

The Board and all directors of Sinopec Corp. warrant that there are no false representations, misleading statements or material omissions contained in this announcement and severally and jointly accept full responsibility for the authenticity, accuracy and completeness of the information contained herein.

China Petroleum & Chemical Corporation (“Sinopec Corp.” or the “Company”) published the External Guarantee Announcement on 16 April 2020 (the “External Guarantee Announcement”) and the Progress Update Announcement on External Guarantees on 4 June 2020 and 26 January 2021, in relation to the proposed provision of performance guarantee and/or financing guarantee by Sinopec Corp. to SOIHL Hong Kong Holding Limited (“SOIHL HK”), Amur Gas Chemical Complex Limited Liability Company (“AGCC”) and Sinopec Chemical Commercial Holding (Hong Kong) Company Limited (“Chemical Commercial Hong Kong”) for performing obligations and financing in Project Amur and the progress update thereof.

Unless this announcement states otherwise, the terms used herein shall have the same meanings as defined in the External Guarantee Announcement.

The Company has executed relevant guarantee agreement in relation to the performance guarantee under the Ethane Supply Agreement of Project Amur, details of which are set out below:

The Company has recently entered into a guarantee deed (the “Guarantee Deed”) with the Ethane supplier of Project Amur to guarantee that AGCC will perform the payment obligations to its Ethane supplier in a timely manner. When AGCC fails to perform relevant obligations in a timely manner, the Company will assume its guarantee liabilities under the Guarantee Deed according to the shareholding ratio of SOIHL HK in AGCC, with a guarantee amount of approximately US$2.4 billion for a guarantee period until the earlier of 31 December 2047 or the Company and its connected persons ceasing to hold any equity interest in AGCC (unless under the circumstance that the relevant clauses under the Ethane Supply Agreement are early terminated).

With respect to any significant progress of the Guarantee, the Company will perform its disclosure obligations in a timely manner in accordance with the relevant regulations.

1

By Order of the Board Huang Wensheng

Vice President and Secretary to the Board of Directors

12 October 2021

2

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

China Petroleum & Chemical Corporation

By: /s/ Huang Wensheng

Name: Huang Wensheng

Title: Vice President and Secretary to the Board of Directors

Date: October 13, 2021