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China Petroleum & Chemical Corporation Q1-Q3 2008 Results Announcement

China Petroleum & Chemical Corporation Q1-Q3 2008 Results Announcement. October 30, 2008. Market Environment in Q1-Q3. China’s GDP grew by 9.9% in the first 3 quarters Crude oil price surged to historical high and then declined sharply

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China Petroleum & Chemical Corporation Q1-Q3 2008 Results Announcement

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  1. China Petroleum & Chemical CorporationQ1-Q3 2008 Results Announcement October 30, 2008

  2. Market Environment in Q1-Q3 • China’s GDP grew by 9.9% in the first 3 quarters • Crude oil price surged to historical high and then declined sharply • Domestic refined oil product prices remained tightly controlled • Chemical Prices also surged and retreated

  3. Financial Results

  4. Financial Position

  5. E&P – Operational Summary Note: 1 tonne = 7.1 barrels，1 cubic meter = 35.31 cubic feet

  6. Refining – Operational Summary

  7. Refining – Segment Performance Refining Margin / Cash Operating Cost EBIT of Refining Segment RMB million

  8. Marketing – Operational Summary

  9. Marketing – Segment Performance RON 90# Gasoline Guidance Price EBIT of Marketing Segment RMB million RMB/Tonne 0# Diesel Guidance Price RMB/Tonne

  10. Chemicals – Operational Summary Note: 100% production from YPC-BASF and Shanghai-Secco included.

  11. Chemicals – Segment Performance EBIT of Chemicals Segment RMB million

  12. Capital Expenditure Q1-Q3 2008 Capex: RMB58.812 bn • E&P: RMB 32.059 bn, newly added 3.68 million tonne/year crude capacity and 699 million m3/year gas capacity • Refining: RMB 5.503 bn, Qingdao refinery, upgrading of Wuhan and Luoyang refinery and Caofeidian oil jetty were put into operation • Marketing: RMB 7.535 bn, progress made in construction and acquisition of stations with 369 stations added • Chemicals: RMB 12.36 bn, YPC’s 100 kpa butadiene project completed. Tianjin and Zhenhai ethylene project proceeding on schedule • Corporate & Others: RMB 1.355 bn RMB million * Adjusted Capex plan

  13. For Further Information http://www.sinopec.com Investor Relations Beijing: Tel: (8610)59960028Fax: (8610) 59960386 Email: ir@sinopec.com Hong Kong: Tel: (852) 28242638Fax: (852) 28243669 Email: ir@sinopechk.com New York: Tel: (212) 759 5085 Fax: (212) 759 6882 Email: fangzq@sinopecusa.com Media Inquiry Tel: (8610) 59969579 Fax: (8610) 59760127 Email: media@sinopec.com

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