Sinopec hit by refining losses in Oct
By Wan Zhihong | China Daily | Updated: 2009-10-29 08:19
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The new oil pricing mechanism has helped prevent huge losses for the company. Tong Jiang |
Asia's largest refiner Sinopec incurred losses in its refining business in October because increases in domestic fuel prices haven't caught up with gains in crude costs, a company official said yesterday.
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