China's state-owned oil company China Petrochemical half profit rose by about a quarter of the price control reforms to promote the end of its refining business loss.
Asia's largest oil refining volume, said Sunday in its chemicals business losses narrowed.
Headquartered in Beijing, Sinopec said January-June profit climbed 24 percent to 30.3 one billion yuan (about 500 million U.S. dollars), or $ 0.25 per share (4 cents).
Revenue grew 5 percent to 1.4 trillion yuan.
Chinese oil companies have benefited from the reform, Beijing announced in late March to allow domestic oil prices to more closely follow the international price.
Open the refining segment operating profit 213 million yuan, down 18.5 after one billion yuan a year earlier.
Pumping Sinopec in the first half, up 1.4% from last year's 1.654 million barrels of crude oil. Almost all come from domestic sources. Natural gas production increased 12 percent to 324.1 billion cubic feet.
 



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