18+污漫画,亚洲国产港台日韩欧美三级电影网,办公室扒开奶罩揉吮奶明星,爱爱电影爱情影院网,斗破苍穹 小说免费阅读全集,人妻洗澡被强伦姧完整,打扑克牌又疼又叫视频软件,亚洲,日韩,aⅴ在线欧美,寂寞少妇扒开双腿猛烈进入免费看

Tools: Save | Print | E-mail | Most Read
Sinopec Gets 5 Billion Yuan Government Subsidy
Adjust font size:

China Petroleum and Chemical Corporation (Sinopec) said on Tuesday the Chinese government will give it a one-off subsidy of five billion yuan (US$625 million) to compensate for losses in 2006 from low domestic refined oil prices.

Despite soaring international crude oil prices, China kept domestic refined oil prices much low, putting its oil refineries into red, said the spokesman with Sinopec's directorate.

Sinopec bears most of the losses caused by the rise of international oil prices because it takes 80 percent of China's imported crude oil and produces 70 percent of the country's refined oil.

"The ratio of liabilities to assets was near or exceeded 100 percent in 13 of Sinopec's 33 refineries," said the spokesman.

International crude oil prices have climbed 132 percent from US$28.4 per barrel in 2003 to the average of US$66 per barrel in the first nine months of 2006.

But gasoline prices rose only 72 percent and diesel oil prices 67 percent in China.

The government subsidy will be counted into Sinopec's profits in 2006 and the company will pay income tax.

(Xinhua News Agency December 27, 2006)

Tools: Save | Print | E-mail | Most Read

Related Stories
Sinopec to Increase Output This Year
Sinopec Plans to Buy Assets, Issue Bonds
Sinopec to Buy Back Listed Subsidiaries
Sinopec Works for Sustainability
Refinery Project Gets Initial Go-ahead
Sinopec, BASF Agree to Expand Nanjing JV
Sinopec Aims to Secure More Gasfields

Product Directory
China Search
Country Search
Hot Buys
SiteMap | About Us | RSS | Newsletter | Feedback
SEARCH THIS SITE
Copyright ? China.org.cn. All Rights Reserved ????E-mail: [email protected] Tel: 86-10-88828000 京ICP證 040089號(hào)