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المشهد العربي
Sinopec China reports unexpected first-half profit increase
Sinopec Group experienced an unexpected increase in its net profits, rising by 19.3% in the first half of 2026 to reach 25.63 billion yuan ($3.81 billion), despite geopolitical challenges and the volatility of energy prices. The company was affected by the closures of the Strait of Hormuz, which led to a 5.6% decrease in oil processing volumes to 113.31 million tons, and profits declined despite the risks.
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