Demand for Sinopec’s oil refining facilities fell to 66 per cent last month from 91 per cent in January. Photo: Simon SongDemand for Sinopec’s oil refining facilities fell to 66 per cent last month from 91 per cent in January. Photo: Simon Song
Demand for Sinopec’s oil refining facilities fell to 66 per cent last month from 91 per cent in January. Photo: Simon Song

China energy giant Sinopec braces for demand drop as transport is shut down globally to halt coronavirus spread

  • Energy giant unveils better than forecast 6.7 per cent fall in 2019 profit
  • Mainland China fuel demand is projected to recover to normal levels in second half, company says
Topic |   Coronavirus China
Demand for Sinopec’s oil refining facilities fell to 66 per cent last month from 91 per cent in January. Photo: Simon SongDemand for Sinopec’s oil refining facilities fell to 66 per cent last month from 91 per cent in January. Photo: Simon Song
Demand for Sinopec’s oil refining facilities fell to 66 per cent last month from 91 per cent in January. Photo: Simon Song
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