China’s CNOOC Limited has reported a 21.6% drop in net profits to RMB 3.62 billion for the first half of the year due to lower oil prices. Revenues were slightly higher at RMB 9.87 billion. (US$1=RMB8.28). The company said that despite a 15.5% decrease in realised oil prices, oil and gas sales increased by 0.7%…
CHINA: CNOOC Limited reports 21.6% drop in first half income on lower oil prices
Posted on August 26, 2002 by EnergyAsia