Lin Yuan
UCR Extension
1200 University Avenue, Riverside, CA, 92507
Phone:312-623-9399
Email:[email protected]
production and sales of petrochemicals, chemical fibers and other chemical products;
storage and pipeline transportation of crude oil and natural gas.
I spent $1443.30 to buy 15 shares in SNP on July 18th. Fortunately, the shares price
did not change too much during this time and I earned $34.30 on August 1st.
On July 20th, China Petroleum and Chemical Corp processed 108.53 million tons of
crude oil in the first half of this year, 4.96 percent higher than a year earlier. This
helps the SNP share price raised up.
Although the stock market is unstable on Monday July 27th, the China Petroleum and
Chemical Corp announced they start to construct the Singapore lubricating oil factory;
this is the group in the local first project. Lubricants factory capacity of 100000 tons,
85 million us dollars, estimated in information in October 2012, the products are sold
to Southeast Asia will be built in the market. This exciting news helps this Chinese
company work well during the unstable time.
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