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2015-07-09 19:10:00

HONGHUA: DOWN OR LOSS

HONGHUA: DOWN OR LOSS

HONGHUA GROUP issued a profit warning, expecting the net profit for the six months ended 30 June 2015 to decrease significantly as compared to that for the same period in 2014 and may record a loss. Such decrease or expected loss is primarily due to the fact that there is no significant improvement in the global oil and gas market and the oil and gas industry is under a deep adjustment.

HONGHUA GROUP FINANCIAL HIGHLIGHTS

 

HONGHUA GROUP INCOME STATEMENT

 

HONGHUA GROUP

 

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THE TINIEST RUSSIAN SANCTIONS

RUSSIA: OIL TO ASIA

 

 

Tags: CHINA, HONGHUA

Chronicle:

HONGHUA: DOWN OR LOSS
2018, July, 16, 10:35:00

CHINA'S INVESTMENT FOR NIGERIA: $14+3 BLN

AN - China National Offshore Oil Corp. (CNOOC) is willing to invest $3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Sunday following a meeting with the Chinese in Abuja.

HONGHUA: DOWN OR LOSS
2018, July, 16, 10:30:00

LIBYA'S OIL DOWN 160 TBD

REUTERS - Production at Libya’s giant Sharara oil field was expected to fall by at least 160,000 barrels per day (bpd) on Saturday after two staff were abducted in an attack by an unknown group, the National Oil Corporation (NOC) said.

HONGHUA: DOWN OR LOSS
2018, July, 16, 10:25:00

BAHRAIN'S GDP UP 3.2%

IMF - Output grew by 3.8 percent in 2017, underpinned by a resilient non-hydrocarbon sector, with robust implementation of GCC-funded projects as well as strong activity in the financial, hospitality, and education sectors. The banking system remains stable with large capital buffers. Growth is projected to decelerate over the medium term.

HONGHUA: DOWN OR LOSS
2018, July, 16, 10:20:00

NIGERIA'S GDP UP 2%

IMF - Higher oil prices and short-term portfolio inflows have provided relief from external and fiscal pressures but the recovery remains challenging. Inflation declined to its lowest level in more than two years. Real GDP expanded by 2 percent in the first quarter of 2018 compared to the first quarter of last year. However, activity in the non-oil non-agricultural sector remains weak as lower purchasing power weighs on consumer demand and as credit risk continues to limit bank lending.

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