Chinese oil and petrochemical companies' profit may have risen
21 percent last year as surging energy demand drove sales to a
record, the China Petroleum and Chemical Industry Association
said.
The companies, including China National Petroleum Corp and China
Petroleum and Chemical Corp, may report a combined profit of 530
billion yuan (US$72.7 billion) in 2007, the association of more
than 200 petrochemical and oil producers said in a statement in its
in-house newsletter yesterday.
(Shanghai Daily January 3, 2008)
