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Sinopec incurs $244 million loss on Q1 LNG imports - company exec

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BEIJING : China's Sinopec Corp incurred a loss of 1.6 billion yuan ($243.58 million) on its LNG imports in the first quarter due to high import costs, a company executive said on an earnings call on Thursday.The company also said it is maintaining an 'optimal' refinery operation ratio of around 85 per cen

BEIJING : China's Sinopec Corp incurred a loss of 1.6 billion yuan on its LNG imports in the first quarter due to high import costs, a company executive said on an earnings call on Thursday.

The company also said it is maintaining an"optimal" refinery operation ratio of around 85 per cent from the second half of March compared with 92.6 per cent earlier in the year.

 

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