Sunday, December 26, 2010

Sinopec will urge the Government to speed up the adjustment of product prices

 Sinopec will urge the Government to speed up the adjustment of product prices, stock recommendations
Sinopec (00386.HK) Chief Financial Officer Wang Xinhua said that although the refining business recorded first quarter profit, but with the same period last year profit before interest and taxes fell sharply. He was referring to the international oil prices are still rising, the stock dark horse, refinery production and operation of pressure, if oil prices continue rise, dark horse stock, will urge the Government to speed up the adjustment of product prices, bull stock recommendations. He also revealed that the company is actively studying expand overseas business, including oil and gas exploration, oil refining plant and oil storage facilities, warehouses, stock market, but also in research carried out in Singapore or elsewhere refining business, the stock dark horse.
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