CNOOC warns of earnings risk

Energy

Thursday, October 16, 2008 00:37:12

	CNOOC warns of earnings risk By STAFF EDITOR Published: March 28, 2008 05:06 PM Increased production costs and progressive taxes on soaring oil prices ate into the earnings of China’s largest offshore energy producer last year, and China National Offshore Oil Corp (CNOOC) warned pressure could continue to rise, the South China Morning Post reported. CNOOC announced Thursday net earnings last year rose just 1.07% to US$4.45 billion (RMB31.26 billion) ... You are currently reading 58 words of 178 total words in this article. To continue reading this article, you must be a subscriber. Log in now. Buy this article now for $10 USD. Not a subscriber? Start your 7-day free trial now. bookmark \| digg \| Permalink \| Tell a Friend Tags for this article: shandong , oil , energy	More Articles in Energy > Today’s Daily Briefs E-Mail Sign up for a roundup of the day’s top stories, sent every day. RELATED ARTICLES > Sinopec to build 12m ton refinery in Shanghai Coal-to-methanol plant slated for northeast China emerges as photovoltaic leader Xinjiang to double crude output by 2012 Ningxia Yinxing eyes 100 wind turbine orders for 2009 The future is bright for Solarfun China cuts coking coal output

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