Sinopec's H1 profit up 2.6% on record output despite slumping product demand
Petrol
BEIJING: China's Sinopec posted a 2.6 per cent rise in net profit for the first half of the year, it said on Sunday (Aug 25), as record oil and gas output compensated for falling domestic demand for refined fuel and petrochemicals. China Petroleum & Chemical Corp, as Sinopec is officially known, reported on Sunday a net income of 37.1 billion yuan (US$5.21 billion) for January to June, according to a filing with the Shanghai stock exchange. Sinopec, the world's largest oil refiner by capacity,
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