Sinopec Group, the largest shareholder of Sinopec Corp., is a giant petroleum and petrochemical group incorporated by the State in 1998 based on the former China Petrochemical Corporation. Funded by the State, it is a State authorized investment arm and State-owned controlling company.

Thursday, January 27, 2011

Sinopec Group 2010 Net Profit Forecast To Top 100Bil Yuan

Sinopec Group's headquarters in Beijing

Beijing, January 25th, 2011 - Sinopec Group is expected to have recorded 2010 net profit of more than 100 billion yuan, reports China Securities Journal, citing a source related to the group.

The source added that the net profit earned by the listed unit, Sinopec, will be revealed when the company releases its Annual Report.

The group produced 60.66 million tons of crude oil, 12.3 billion cubic meters of natural gas, processed 212 million tons of crude oil, and produced 9.19 million tons of ethylene in 2010.

Sales of refined oil hit 149 million tons in 2010 while the number of gas stations totaled 29,200.

The group’s listed subsidiary, Sinopec reported crude oil output of 330 million barrels, natural gas output of 441.39 billion cubic feet, crude oil oil processing volume of 211.13 million tons, and ethylene output of 9.06 million tons.

Sinopec reported domestic refined oil sales of 140 million tons in 2010. - Capital Vue
Posted by on

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)