Sinopec profit up 22.11 pct

Email|Print|Comments       twitter     facebook     Sina Microblog     reddit    

Oil giant China Sinopec announced Tuesday that its net profit rose 22.11 percent year on year to 52.3 billion yuan (8.52 billion U.S. dollars) in the first three quarters of 2013.

The company's output of crude oil and natural gas went up 4 percent year on year to 330.79 million barrels, according to Sinopec's report.

In the first nine months, it processed 174.19 million tonnes of crude oil, an increase of 6.43 percent from a year earlier, which realized gains of 6.66 billion yuan in the refining sector while the losses of chemical businesses shrank to 59 million yuan.

Meanwhile, the company's sales of refined oil products totaled 134.64 million tonnes, up 4.91 percent year on year.

• Sinopec unit buys North Sea crude oil
• Sinopec, CNPC slapped for emissions cut failure
• Sinopec Engineering sees profits rise sharply
• Sinopec Wuhan has ethylene project coming into full operation
• Sinopec opens its first lubricant plant in Singapore
• Sinopec holds oil exploration talks with Iceland
• China's Sinopec Corp. names new president
• Experts call for break-up of SOE monopoly on debt concerns
• Gas station workers sacked over patient's death
• Fire breaks out at Sinopec refinery in Pudong

We Recommend

• Annual airshow kicks off in Houston
• U.S. Navy Carrier Strike Group stages military exercises
• Volkswagen showcases new energy vehicles in Beijing
• Different eye catching shows at housing fairs in China
• Special family portraits call attention to left-behind children
  
• Migrant children’s pain and joy in city
• Lingerie show dazzles Wuhan Motor Show 2013
• Running in fun customs at Beijing Int'l Marathon
• Weekly Sports Photos