Sinopec posts growth in first-half revenue

Energy and chemical giant Sinopec Corp on Sunday reported higher first-half revenue this year because of stronger demand for gas and oil.

The company's financial report said revenue grew 15.3 percent year-on-year to 1.5 trillion yuan ($209.8 billion) in the first six months of 2019.

"Sinopec's revenue growth came amid a demand increase for oil, gas, and chemical products like ethylene," said Lin Boqiang, head of the China Institute for Studies in Energy Policy at Xiamen University.