Sinopec's oil and gas output grew 8.4 per cent 480 million barrels of oil equivalent in 2014, driven by higher gas production. Photo: Reuters
Sinopec's oil and gas output grew 8.4 per cent 480 million barrels of oil equivalent in 2014, driven by higher gas production. Photo: Reuters

Sinopec warns of tougher times ahead after profit falls 30pc in 2014

Nation's second-largest oil and gas producer saw net profit fall 30pc to 46.47b yuan last year on lower oil prices, its worst result since 2008

Sinopec's oil and gas output grew 8.4 per cent 480 million barrels of oil equivalent in 2014, driven by higher gas production. Photo: Reuters
Sinopec's oil and gas output grew 8.4 per cent 480 million barrels of oil equivalent in 2014, driven by higher gas production. Photo: Reuters
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