What strategic change is Sinopec making to address its high oil production costs?
PetroChina, Sinopec Need to Significantly Boost Gas Production, Analyst Says

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Business, Architecture
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University
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Expanding into international markets
Increasing oil production
Shifting focus to natural gas
Investing in renewable energy
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is driving the increase in natural gas imports in China?
Lack of natural gas reserves
Rising demand and slow domestic production growth
Decreasing domestic production
Government policies favoring imports
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does the weakening yuan affect Chinese oil companies?
It has no impact on their earnings
It increases their operating costs
It leads to higher oil prices
It benefits companies with earnings in dollars
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the two major risks to Sinopec's outlook?
Technological advancements and market saturation
Environmental regulations and competition
Rising production costs and labor shortages
Oil price fluctuations and China's economic slowdown
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What could potentially push oil prices higher towards the end of the year?
Technological advancements in oil extraction
A decrease in global oil demand
Sanctions on Iran reducing market supply
Increased oil production in China
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