Sinopec says no firm plan to set up oil service JV with Weatherford

• Sinopec (NYSE:SNP) says it has no firm plan to set up an oil service joint venture with Weatherford International (NYSE: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.