Chinese major Sinopec posts fall in net profits on weak domestic natural gas and petrochemicals markets

Sunday, 26 March 2023

China Petroleum and Chemical Corp. (Sinopec), one of the world’s top 10 oil and gas companies and a significant liquefied natural gas importer to back up its refining and petrochemical activities, reported a 21 percent increase in annual revenues but net profits dropped by almost the same amount on weak domestic demand.


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Last modified on Tuesday, 28 March 2023 09:28
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