Tuesday, July 17, 2007

Sinopec First-Half Oil Processing Rises 6.4 Percent on China's Fuel Demand

(Bloomberg) -- China Petroleum & Chemical Corp.,
Asia's largest oil refiner, processed 6.4 percent more crude in
the first half as China's economic growth boosted demand for
fuels to run power plants, cars and machinery.

Oil refining rose to 76.25 million metric tons in the first
six months, Sinopec, as Beijing-based China Petroleum is known,
said on its Web site today. Crude oil production increased 2.1
percent and natural gas output gained 11 percent.


Read more at Bloomberg Emerging Markets News

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