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Monday, Aug 26
Sinopec says no firm plan to set up oil service JV with Weatherford
- Sinopec (SNP) says it has no firm plan to set up an oil service joint venture with Weatherford International (WFT), although it has been looking at the potential of entering tie-ups in that field.
- Chairman Fu Chengyu was speaking at SNP's interim results briefing; SNP posted a 22% rise in Q2 net profit, helped by better refining margins after China introduced measures to let domestic fuel prices follow the international market more closely.