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4-Traders Homepage  >  Equities  >  SHANGHAI STOCK EXCHANGE  >  China Petroleum & Chemical Corp    600028   CNE0000018G1

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Unipec's Crude-Oil Trade Surpassed 200 Million Tons In 2011

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10/19/2012 | 04:48am CET
   By Wayne Ma 
 

BEIJING--China Petroleum & Chemical Corp., known as Sinopec Corp. (>> China Petroleum & Chemical Corp. (ADR)), said Friday that its trading unit China International United Petroleum & Chemical Co., or Unipec, saw its combined sales and purchases of crude oil surpass 200 million metric tons for the first time in 2011.

The record was achieved due to higher domestic refining rates in the first half of the year and a lack of imports from South Sudan because of a pipeline dispute with its northern neighbor Sudan, which prompted Unipec to seek more supplies from South America and West Africa, Sinopec said in an in-house newsletter.

Unipec's crude-oil trading volume rose 10% in the January to July period of this year compared with the same period a year earlier, it said, without providing the amount.

Write to Wayne Ma at wayne.ma@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stocks mentioned in the article : China Petroleum & Chemical Corp. (ADR)
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Financials ( CNY)
Sales 2016 2 012 908 M
EBIT 2016 66 294 M
Net income 2016 40 103 M
Debt 2016 169 283 M
Yield 2016 2,64%
P/E ratio 2016 17,58
P/E ratio 2017 14,56
EV / Sales 2016 0,43x
EV / Sales 2017 0,39x
Capitalization 701 820 M
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Number of Analysts 16
Average target price 6,55  CNY
Spread / Average Target 11%
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Hou Liang Dai Vice Chairman & President
Yun Liu Chairman-Supervisory Board
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