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Sinopec profit falls as oil prices, global economy take toll

Sinopec, China's second biggest oil firm, saw its profits in 2001 fall by 18 per cent to $US1.9 b...

Last year the company, which has the bulk of its fields scattered around southern and eastern China raised $US1.4bn in country's biggest ever stock market listing. Earlier this year Sinopec signed an agreement with UK oil major, BP Amoco to open a chain of petrol stations in the country.

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