Sinopec, Asia's biggest refiner by volume, said Wednesday its profit in the first quarter was up nearly 40 per cent from the same period a year ago as demand inside China increased.
Kazakh oil producer KazMunaiGas Exploration and Production (KazMunaiGas EP) said its net profit fell 13% last year to $1.4 billion due to lower oil prices and higher taxes.
A huge profit boost has been experienced by EnCana Corp after its decision to lock in the price of its natural gas production before the recent collapse of energy commodities
Sinopec, Asia's biggest refiner by volume, said Wednesday its profit in the first quarter was up nearly 40 per cent from the same period a year ago as demand inside China increased.
Kazakh oil producer KazMunaiGas Exploration and Production (KazMunaiGas EP) said its net profit fell 13% last year to $1.4 billion due to lower oil prices and higher taxes.
