Chinese oil giant Sinopec warns of profit fall

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By JOE McDONALD, AP
18 July 2008 @ 03:18 am ET

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SNP	84.36	-3.02
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Oil refiners have tried to cut their losses due to price controls by reducing output. That led to gasoline and diesel shortages last year. The government responded by ordering Sinopec and CNPC to import refined gasoline and diesel to fill the gap.

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