Sinopec has topped an annual ranking of the biggest-earning Chinese enterprises for the eighth straight year, showed the latest results.
Energy firms are poised to seek assets overseas to diversify as domestic earnings are depressed by State-controlled prices for processed fuels.
China Petroleum and Chemical Corporation said that its net profits for the first half dropped 40.5 percent year-on-year to 24.5 billion yuan.
China Petrochemical Corp, or Sinopec, Asia's biggest refiner, has made total investments of more than 600 billion yuan ($95 billion) in 55 countries and regions.
Sinopec has established a HK$10-million fund to assist green groups in cleaning up the millions of plastic pellets washed ashore in Hong Kong.
Sinopec Group is to acquire a 49-percent equity interest in Talisman Energy's assets in the North Sea for $1.5 billion.
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 130349 
