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
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
Sinopec

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

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
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
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