Subscribe free to our newsletters via your
. Energy News .




ENERGY NEWS
China energy giant Sinopec sees Q3 net profit fall
by Staff Writers
Hong Kong (AFP) Oct 28, 2011


Chinese oil giant Sinopec, Asia's largest refiner by capacity, said Sunday that third-quarter net profit fell 9.4 percent from a year earlier due to a lower contribution from its chemicals business.

Sinopec reported a net profit of 18.33 billion yuan ($2.9 billion) for the three months ended September 30, a 1.89 billion yuan drop from 20.22 billion yuan in the same period last year.

The decline was "mainly due to plummeting results of the chemicals segment which resulted from changes in the chemical market and demand", the company said in a filing to the Hong Kong Stock Exchange.

Sinopec reported a refinery throughput of 4.39 million barrels a day in the first nine months of the year, up from 4.37 million a year earlier.

"We have... accelerated an upgrade in the quality of oil products, and adjusted the product mix to increase the output of gasoline and jet fuel," the company said.

The company reported 12.2 billion yuan in exploration expenses for the first nine months, a 31 percent increase from the previous year.

It said it was focused on achieving growth in reserve and production volume, as well as enhancing exploration in key areas.

.


Related Links







Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





ENERGY NEWS
Global headwinds trouble India's Suzlon
Mumbai (AFP) Oct 28, 2012
Wind energy giant Suzlon, once a star of India's green technology, is facing a stormy future after aggressive expansion left it mired in debt at a tricky time for the industry, analysts say. The world's fifth largest wind turbine firm this month made the biggest default on repayments by an Indian company, after bondholders rejected its request for a four-month extension to more than $200 mil ... read more


ENERGY NEWS
Poland hails carbon allowances compromise

Global headwinds trouble India's Suzlon

China energy giant Sinopec sees Q3 net profit fall

Japan eyes Mozambique for cheaper coal, gas

ENERGY NEWS
Oil prices drop as hurricane blasts US East Coast

Obama shows support for natural gas

Crude down in Asia as hurricane threatens US

Utah oil sands projects gets green light

ENERGY NEWS
China backs suit against Obama over wind farm deal

DNV KEMA awarded framework agreement for German wind project developer SoWiTec

Sandia Labs benchmark helps wind industry measure success

Bigger wind turbines make greener electricity

ENERGY NEWS
Tokelau achieves renewable power

Next-generation antireflection coatings could improve solar photovoltaic cell efficiency

Scientists demonstrate high-efficiency quantum dot solar cells

ABC SOLAR To Develop FIT Power Generation Plants In Japan; Inks MOU With European Firms

ENERGY NEWS
IAEA team tours India nuclear plant after radiation leak

Czechs reject French Areva appeal of nixed bid on nuke plant

Czechs, Slovaks join forces in defence of EU nuclear power

Japan's Hitachi to buy Horizon for $628 mln: reports

ENERGY NEWS
Scientists build 'nanobowls' to protect catalysts needed for better biofuel production

Boeing-COMAC Technology Center Announces First Biofuel Research Project

Serbia marks opening of new biogas plant

Large-scale production of biofuels made from algae poses sustainability concerns

ENERGY NEWS
China to launch 11 meteorological satellites by 2020

China makes progress in spaceflight research

Patience for Tiangong

China launches civilian technology satellites

ENERGY NEWS
Feeling hot, hot, hot

EU on track to exceed Kyoto emissions goal

EU on track for Kyoto and 2020 emissions targets

Pollution tax stokes Australian inflation




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement