Refining and Petrochemicals
Refining & Petrochemicals segment is one of our core business segments, its development is one of the main growth points to our future profit. Our refining & petrochemicals base locates in Quanhui Petrochemical Industrial Park, Meizhou Bay Petrochemical Industrial Base, Fujian Province, with a processing capacity of 15 million tons/year crude oil, 1 million tons/year ethylene, and 800,000 tons/year paraxylene.
Oil Trading and Services
Oil Trading and Services segment began in the 1950s, mainly includes the import, export and re-export of crude oil and refined oil products. We have an experienced trading team, and have established deep cooperative relations with world’s major national oil companies and international oil companies.
Sales of Oil and Petrochemical Products
Sales of Oil and Petrochemical Products segment focuses on the wholesale and retail of refined oil and petrochemicals products. We are one of the leading oil products sales companies in China which has established a marketing network in 17 provinces (including autonomous regions and municipalities) with 602 self-operated and cooperatively-operated stations and 766 franchised stations. We also sell petrochemical products in Fujian Province and the East and South areas of China, and have established solid cooperative relationships with the world’s first class petrochemical suppliers to provide customers with comprehensive supply chain distribution services.
Storage and Logistic
Storage and Logistics segment: We are the country’s leading petroleum and petrochemical storage and logistics services provider. The business scale of our third-party services is among the top in China, with a broad coverage area and a rich variety of operations. We operate six large storage facilities in Tianjin, Shanghai, and Jiangsu, Zhejiang, Guangdong provinces, with 393 storage tanks and a storage capacity of 5,12 million cubic meters. We also serve China’s strategic oil reserve network.
