Sinopec Reports $3.4 Billion Loss in First Half of 2008, an Industrial Info News Alert
Researched by Industrial Info Resources (Sugar Land, Texas) — China Petroleum & Chemical Corporation (NYSE:SNP) (Sinopec) (Beijing) reported a $3.4 billion ($1=6.9 RMB) deficit in the first half of 2008. It earned $7.7 billion in the same period last year. Analysts say the loss is the worst that Sinopec has ever experienced.
For details, view the entire article by subscribing to Industrial Info’s Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=138224, or browse other breaking industrial news stories at www.industrialinfo.com.
Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information send inquiries to firstname.lastname@example.org or visit us online at www.industrialinfo.com.
Related News Articles
Sinopec Rebuffs Reports of Stopping Refined Oil Imports
PetroChina’s 200,000-Barrel Refinery in Southwestern China Expected for Completion in December
Sinopec Considering $2.5 Billion Bid for Imperial Energy
Contact: Joe Govreau 713-783-5147
SOURCE: Industrial Info Resources