IHS Chemical Week

Chemical Week Magazine :: Business & Finance :: Asia/Pacific

Sinopec and PetroChina Chemical Units Swing to Loss

5:33 AM MDT | August 31, 2012 | —Deepti Ramesh

The chemical businesses of Sinopec and PetroChina reported weak financial results for the first half of 2012. Sinopec’s chemicals segment reported an operating loss of Rmb1.3 billion ($205 million) in the first half, compared with an operating profit of Rmb16.34 billion in the year-ago period, on sales down 4.1%, to Rmb200.8 billion. Sinopec cites the “depressed chemicals market and drastic fall in prices of major chemical products.” PetroChina’s refining and chemicals business segment recorded an operating loss of Rmb28.87 billion in the...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Not an IHS Chemical Week member yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine in print or digital format
  • Critical daily news and analysis on chemweek.com
  • Free mobile edition 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now

100% Satisfaction Guarantee
If at any time you are not completely satisfied with IHS Chemical Week, simply notify us and we'll refund the balance of your paid subscription - no problem.

Learn more about group subscriptions and site licenses.


contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa