Sinopec gears up for WTO

Sinopec Corp (China Petroleum and Chemical Corporation), China's second largest integrated oil company, announced its results on August 27. The company, which last year carried out an initial public offering in Hong Kong, New York and London, saw its interim net profits for the six months ending June 30 this year rise to RMB9.58 billion ($1.15 billion), an increase of 27.51% over the same period last year.