An employee walks on top of an oil tank at a Sinopec refinery in Wuhan in this file photo from April 2012. The refiner says it will pay 80 per cent of its 2021 profits to shareholders through dividend. Photo: Reuters
An employee walks on top of an oil tank at a Sinopec refinery in Wuhan in this file photo from April 2012. The refiner says it will pay 80 per cent of its 2021 profits to shareholders through dividend. Photo: Reuters
Sinopec

Ukraine conflict: Sinopec says Russian investments ‘going well’ amid Western sanctions, reports doubled net profit for 2021

  • No risk of assets impairment from Russian invasion of Ukraine ‘for the time being’, Sinopec chairman says
  • Refiner posts a 115 per cent jump in net profit for last year, its highest since 2012

An employee walks on top of an oil tank at a Sinopec refinery in Wuhan in this file photo from April 2012. The refiner says it will pay 80 per cent of its 2021 profits to shareholders through dividend. Photo: Reuters
An employee walks on top of an oil tank at a Sinopec refinery in Wuhan in this file photo from April 2012. The refiner says it will pay 80 per cent of its 2021 profits to shareholders through dividend. Photo: Reuters
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