Sinopec Zhenhai, China's Most Profitable Refiner, Posts Huge Loss
There are 2 comments on the www.thechinaperspective.com story from Jul 30, 2012, titled Sinopec Zhenhai, China's Most Profitable Refiner, Posts Huge Loss. In it, www.thechinaperspective.com reports that:
Sinopec Zhenhai, China's Most Profitable Refiner, Posts 423m Loss in 1H Sinopec Zhenhai Refining & Chemical Co, Sinopec Corp's subsidiary which was once China's most lucrative refinery, said its refining business lost 423 million in 1H 2012 as international crude oil prices rose before falling.
Join the discussion below, or Read more at www.thechinaperspective.com.
#1 Jul 30, 2012
HUGE losses in every industry in CCP China now!
#2 Aug 2, 2012
Must be that GASOLINE SUBSIDY the CCP is using to prop up the collapsing CCP China economy!
You know a country is in DESPERATE CONDITION when it has to SUBSIDIZE THE ENTIRE ECONOMY by SELLING FUEL BELOW COST!
....and THAT is PRECISELY what the CCP has done.
Add your comments below
|Inside The Herald - If a community is only wort... (Jan '08)||Sep 18||why Herald MIA||56|
|TranCanada donates $200K to rink expansion project (Nov '12)||Sep 12||Meanwhile||11|
|Minnesota Commerce Department recommends agains...||Sep 12||anonymous||1|
|Power generating station beginning to take shape (Jan '08)||Sep 8||did NEB approve p...||132|
|Hedging threat and Venezuela Oil by Dr. Daniel ...||Sep 5||Robert Johnson||1|
|Cheney's Halliburton Made $39.5 Billion on Iraq... (Mar '13)||Sep 4||Ioe||54|
|The Latest: White House says immigrants won't b...||Sep 1||Wildchild||2|
Find what you want!
Search Oil & Gas Forum Now
Copyright © 2017 Topix LLC