China Petroleum & Chemical Corp, Asia’s biggest oil refiner, said yesterday that it had asked the government to exempt taxes levied on the imports of crude oil and fuel to help boost profits.
If the exemptions were approved by the government, the changes would be reflected in the next-quarter report, financial officer Dai Houliang said.
Tags: Fuel, [...]
PetroChina Co, the country’s biggest oil and gas producer, posted a 30 percent increase in third-quarter earnings thanks to higher crude oil prices and increased output.
The company reported a net profit of 39.89 billion yuan from July to September. Earnings per share were 0.22 yuan, an increase of 0.05 yuan from the same period of [...]
China Petroleum and Chemical Corp (Sinopec)<600028><386>, the largest oil refiner in Asia, announced on Wednesday that its directorate has approved the proposal to issue medium-term bonds worth up to RMB 30 billion.
According the company’s filing to the Shanghai Stock Exchange yesterday, the bonds will be issued in one batch or several batches in the fourth [...]
China Petroleum & Chemical Corp., Asia’s biggest oil refiner, said it asked the government to suspend taxes levied on the imports of crude oil and fuel to help boost profits.
If the exemptions were approved by the government, the changes will be reflected in the next-quarter report, Chief Financial Officer Dai Houliang said in a conference [...]
Russia and China sealed a long-delayed energy deal on Tuesday to build an oil pipeline in Siberia to boost energy exports to China after talks concluded between Chinese Premier Wen Jiabao and Russian Prime Minister Vladimir Putin.
The deal was inked by China National Petroleum Corporation (CNPC), the country’s largest oil producer, and Russia’s state-owned pipeline [...]
State-owned China National Petroleum Corp (CNPC) broke ground for new oil refineries in Chad and neighbouring Niger this week, as the company boosts its ties with resource-rich countries in Africa.
The refineries will be the first in each of the landlocked African countries, which remain desperately poor but have seen their state incomes surge during the [...]
