Refined petroleum

We traded four major types of refined petroleum products, namely gasoline, diesel, fuel oil and kerosene.

>Gasoline

Gasoline is used primarily as a fuel in spark-ignited internal combustion engines and is produced in crude oil refineries by blending components from several refining processes. We produce gasoline products that are up to the Nation-VI (国六) emission standard.
For the years ended December 31, 2015, 2016 and 2017 and the six months ended June 30, 2018, we produced approximately 2,285 thousand tonnes, 2,177 thousand tonnes, 2,162 thousand tonnes and 1,048 thousand tonnes of gasoline, respectively, and sold primarily through our oil and petroleum products trading segment as well as marketing and distribution segment approximately 2,262 thousand tonnes, 2,243 thousand tonnes, 2,152 thousand tonnes and 1,050 thousand tonnes of gasoline, respectively. The current period inventory build-up of our gasoline was approximately 1.0%, -3.0%, 0.1% and -0.2% for the same periods.

>Diesel

Diesel is derived from crude oil and used in diesel engines, widely applied in many types of transportation, such as trucks, buses and ships as well as in industrial heating applications. Our diesel products are able to meet the Nation-VI (国六) emission standard.
For the years ended December 31, 2015, 2016 and 2017 and the six months ended June 30, 2018, we produced approximately 2,470 thousand tonnes, 2,419 thousand tonnes, 2,145 thousand tonnes and 1,457 thousand tonnes of diesel, respectively, and sold primarily through our oil and petroleum products trading segment as well as marketing and distribution segment approximately 2,534 thousand tonnes, 2,424 thousand tonnes, 2,154 thousand tonnes and 1,463 thousand tonnes of diesel, respectively. The current period inventory build-up of our diesel was approximately -2.6%, -0.2%, -0.4% and -0.4% for the same periods.

>Kerosene

Kerosene is also derived from crude oil and is widely used as aviation fuel or for heating purposes.
For the years ended December 31, 2015, 2016 and 2017 and the six months ended June 30, 2018, we produced approximately 1,774 thousand tonnes, 2,595 thousand tonnes, 2,252 thousand tonnes and 1,179 thousand tonnes of kerosene, respectively, and sold primarily through our oil and petroleum products trading segment as well as marketing and distribution segment approximately 1,712 thousand tonnes, 2,622 thousand tonnes, 2,293 thousand tonnes and 1,158 thousand tonnes of kerosene, respectively. The current period inventory build-up of our kerosene was approximately 3.5%, -1.0%, -1.8% and 1.8% for the same periods.

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