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Results 1 - 10 of 19 for sinopec

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  1. Sinopec drops 11.6pc in bruising week

    Posted Mar 15th 2008, 12:00am by Nick Westra

    ... Nick Westra Shares of China Petroleum & Chemical Corp (Sinopec) dropped yesterday to the lowest in almost a year as rising crude oil prices threatened to eat into its earnings. ... of crude oil has soared in the past month and hit US$111 on Thursday amid a weakening US currency and volatile equity markets. Investors have steered clear of Sinopec as rising crude prices ...

  2. Beijing hands Sinopec a 5b yuan surprise

    Posted Dec 28th 2006, 12:00am by Eric Ng

    ... Eric Ng Unexpected payout for price-control losses sparks rally in company's shares China Petroleum and Chemical Corp (Sinopec), Asia's largest crude oil refiner, saw its share ... the latest direct subsidy, while helpful to Sinopec, underscored imperfections in the mainland's policies for the refining industry. 'The government this year has raised refined oil prices, ...

  3. Sinopec jumps on fuel price boost

    Posted Nov 02nd 2007, 12:00am by Carol Chan

    ... Carol Chan Shares of China Petroleum & Chemical Corp (Sinopec), the nation's biggest refiner, jumped as much as 10.63 per cent yesterday after high oil prices and shortages ... Sinopec's Hong Kong-traded shares skyrocket to an intraday high of HK$12.90 before closing at HK$12.76 after a 9.43 per cent gain. Its Shanghai-listed A shares gained 7.32 per cent to end at 27.70 ...

  4. Shanghai Petrochem profit jumps 93.5pc but outlook cloudy

    Posted Apr 08th 2008, 12:00am by Eric Ng

    ... Eric Ng Sinopec Shanghai Petrochemical posted a 93.5 per cent jump in net profit last year, although prospects for this year are clouded by surging raw material costs and a prolonged ... China Petroleum & Chemical Corp's (Sinopec) second-largest refinery in Shanghai, had a net profit of 1.634 billion yuan, up from 844 million yuan in 2006 based on Hong Kong accounting ...

  5. Guangdong transport sector strained by diesel shortage

    Posted Aug 09th 2005, 12:00am by Staff Reporter

    ... Automobile Market. 'People seldom took oil consumption into account before, but many are concerned about it now.' Guangdong authorities are working with Sinopec and PetroChina to supply more oil to the province this month, with Sinopec promising 40,000 extra tonnes. Yao Jianming, from the Guangdong Oil and Gas Association, said Beijing could ease the situation by imposing ...

  6. Beijing increases fuel price, orders rise in output

    Posted Nov 01st 2007, 12:00am by Eric Ng

    ... will be of most benefit to the nation's largest oil refiner, China Petroleum & Chemical Corp (Sinopec), and to a lesser extent PetroChina, the second-biggest refiner. On the other hand, the rise in the gas price will benefit PetroChina the most, followed by Sinopec and CNOOC. The NDRC said preliminary calculations suggested the fuel price rise would result in a 0.05 per cent increase ...

  7. 'Brother Fuel Price' speaks for consumers

    Posted Apr 07th 2012, 12:00am

    ... was in line with higher global crude oil prices. Petrol consumers, mostly car drivers, would set their sights once again on the mainland's three oil giants- PetroChina, Sinopec and CNOOC- whose ... than doubled since 2005. Sinopec's Guangdong branch was exposed last year for shelling out 1.6 million yuan to buy Maotai, a fiery liquor often used by top government officials to toast ...

  8. Oil stocks tumble on price caps

    Posted Jan 11th 2008, 12:00am by Eric Ng

    ... Chemical Corp (Sinopec), Asia's largest oil refiner by processing volume, plummeted as much as 8.5 per cent, before ending 6.43 per cent lower at HK$10.76. The company imported 70 per cent ... that Sinopec will receive a subsidy of less than 10 billion yuan to compensate for last year's refining loss, compared with five billion yuan received in 2006 and 10 billion yuan in 2005. ...

  9. Shanghai Petrochemical wants more product price rises

    Posted Mar 28th 2006, 12:00am by Eric Ng

    ... Eric Ng Mainland oil refiners will need a further rise of about 17 per cent in petroleum product prices to break even, according to Sinopec Shanghai Petrochemical executives. They made ... State-owned Assets Supervision and Administration Commission head Li Rongrong said in an industry seminar that Sinopec Shanghai's parent, China Petroleum & Chemical Corp (Sinopec ...

  10. Another fuel price cut gives refiners hope

    Posted Jul 11th 2012, 12:00am

    ... Petroleum & Chemical (Sinopec) and PetroChina, which account for most of the mainland's refining volume, made a combined operating refining loss of almost 20 billion yuan in the first ...




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