Chinese oil majors show momentum, helped by pipeline sale – Nikkei Asian Review

Chinese oil majors show momentum, helped by pipeline sale – Nikkei Asian Review

HONG KONG – Large Chinese energy companies are showing signs of a recovery in their third quarter results, as rising domestic demand helped propel a rebound in the coronavirus pandemic. China Petroleum & Chemical, or Sinopec, nearly quadrupled its net profit from July to September for the year, to 46.38 billion yuan ($ 6.91 billion). […]

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