Media Digests
Oil companies profit 146b yuan in H1
Updated: 2011-08-29 17:10
(chinadaily.com.cn)
China Petroleum & Chemical Corp (Sinopec), China's largest refiner by capacity, posted a first-half net profit of 40.2 billion yuan ($6.3 billion) on Sunday, an increase of 9.4 percent from a year earlier, the Beijing Times reported.
China National Offshore Oil Corporation (CNOOC) on Wednesday reported a 51 percent jump in interim profit, fuelled by higher crude oil prices and increased production.
PetroChina posted a flat first-half net profit on Thursday, as upstream earnings offset refining losses.
The first-half net profit of the three leading oil companies in China totaled 146 billion yuan, averaging at 800 million yuan a day.
By Sun Yuanqing
![](../../tplimages/34369.files/facebook.jpg)
Specials
![](../../attachement/jpg/site241/20110826/bc305ba24a510fc17c2718.jpg)
Flying the TCM flag
A small German town is home to Europe's flagship clinic for traditional Chinese medicine
![](../../attachement/jpg/site241/20110826/bc305ba24a510fc1aa4b1c.jpg)
Hunting grounds
Opinion divided as China debates opening door to international players
![](../../attachement/jpg/site241/20110826/bc305ba24a510fc1ab5024.jpg)
Animal attraction
World's youngest chief fur designer set to launch own label and tap into huge China market.