The production of ethylene and synthetic resin increased by 34.94 percent and 23.29 percent respectively compared to the same period in 2005. Operating profit was RMB 3.14 billion.
Also during the first quarter, the Company made significant progress in the exploration and development of oil and gas reserves in the Tahe oilfields in western China and the Ordos Basin.
The expansion of the production capacity for crude oil and natural gas progressed smoothly. Output of crude oil and natural gas increased by 2.81 percent and 23.4 percent respectively compared to the same period in 2005. Operating profit was RMB16.62 billion.
Ethylene producer Sinopec business scope is mainly covers oil and gas exploration, development, production and marketing; oil refining; production and sales of petrochemicals, chemical fibers, chemical fertilizers and other chemical products; storage and crude oil and natural gas; import, export and refined oil products, petrochemicals, chemicals, and other commodities and technologies; research, development and application of technology and information.
marketing@alchempro.com
