CNOOC Ltd., China's third-largest oil and gas producer, said Wednesday its first-half profit sank 55 percent on sharply lower oil prices but it forecast better results as the economy recovers.
CNOOC says 1H profit down 55 pct on lower pricesCourtesy Newsvine - business Wed, 08/26/2009 - 04:47
CNOOC Ltd., China's third-largest oil and gas producer, said Wednesday its first-half profit sank 55 percent on sharply lower oil prices but it forecast better results as the economy recovers. Related itemsChinese refiner Sinopec 1H profit up 12 pct
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