Sinopec has turned into profitability in the first quarter, with net profit.
According to Arab Net, the largest refinery in Asia with a loss of 19.15 billion yuan in the first quarter of last year in accordance with international accounting standards, as the Corona virus pandemic has shrunk fuel consumption. P>
Raw refining volume increased 16.3% compared to a low level last year to 62.52 million tons of 5.07 million barrels per day with China's fuel consumption returns for pre-pandemic levels. P>
Sales of refined products increased 6.8% on an annual basis. P>
Sinopec said in a statement to the Shanghai Stock Exchange, the company takes great amendments to refined oil products exports according to market changes and maintains stable and high operating rates for refining facilities. P>