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However, the state-owned energy and chemicals EPC and logistics company saw net profit land largely flat at $324.5 million as refining and coal revenues fell.

SINOPEC Engineering logged $181.7 million in net profit for the first half.

Sri Lanka signed a deal with Sinopec adding it to the energy-starved country's retail fuel suppliers.

China Petroleum & Chemical Corp. (Sinopec) reported Friday $482.68 billion (CNY 3.32 trillion) in revenue for 2022.

Sinopec's annual profits declined 13 percent, after oil prices fell and Chinese refiners posted a record year for processing and imports.

Sinopec posted $4.8 billion in net profit for the first half of 2023.

CMPort and Sinopec are set to sign an agreement to establish bunkering operations in Sri Lanka, following the country's opening of its fuel market to multinationals, according to Sri Lankan state media.

The acquisition provides Sintana with 'an attractive entry into a high impact license with significant upside'.

The deal is said to have an aggregate enterprise value of approximately $4.8 billion.

The transaction enhances the Denver-based company's Denver-Julesburg (DJ) Basin footprint.