North West Oil Group, Inc. (NWOL)

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Sinopec's net rises 5.5%

http://online.wsj.com/article/SB120751847592193323.html?mod=yahoo_hs&ru=yahoo

By Aries PoonThe Wall Street Journal Asia
Word Count: 396 | Companies Featured in This Article: China Petroleum & Chemical
HONG KONG -- China Petroleum & Chemical Corp., or Sinopec, the largest refiner in Asia by capacity, said Sunday that its 2007 net profit rose 5.5%, as a government subsidy helped cushion surging oil costs.

Chairman Su Shulin said in a statement that Sinopec plans to boost crude-oil throughput 12% this year to feed the country's robust demand for fuel, even though Beijing will likely continue keeping domestic fuel prices low amid escalating inflationary pressure.

Sinopec said it increased ...