Sinopec’s capital expenditure increased to 45 billion yuan in the first half, compared to 42.9 billion yuan the previous year. Photo: Xiaomei Chen
Chinese oil refining giant Sinopec posts first half-year loss since listing in Hong Kong in 2000
- Company posts net loss of 21.7 billion yuan compared with a profit of 32.2 billion yuan a year ago
- Sinopec plans to boost refining output in the second half as China’s economy continues to recover from the pandemic
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Sinopec’s capital expenditure increased to 45 billion yuan in the first half, compared to 42.9 billion yuan the previous year. Photo: Xiaomei Chen
