September 4, 2008

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, or browse other breaking industrial news stories at

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 [email protected] or visit us online at

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