Sinochem is China ’s one of the four national oil companies that has been engaged in the oil business for 60 years and hasdeveloped its own business models and industrial layout. Sinochem’s petrolum business consists of six major segments: exploration & production, crude oil trading, fuel oil trading and distribution, light oil trading and distribution, warehousing & logistics and refining. In re
cent years, while strengthening our competitive advantages in international oil trading, enhancing our business portfolio, we have sped up our strategic transformation, further extended our business to the upstream and downstream sectors, optimized the industrial and profitability structure, and as a result strengthened the sustainability of our oil business. At present, Sinochem Group has developed into a large energy company that is highly internationalized with a complete industrial chain, outstanding marketing ability, and exerts great influence in the industry. By tapping six decades of experience in resources acquisition, channel and operations in the both international and domestic markets, Sinochem plays an active role in domestic and international oil and gas supply and the state’s strategic oil inventory, strive to help the nation build up diversified crude oil and oil products supply system and take an increasingly important part in China’s energy market. In the future, we will speed up the development of our oil business through specialized operation and optimization of resource allocation. We will promote the coordinated development of all sections throughout the oil industrial chain, and increase the scale and competitiveness of every section of our oil business, so as to achieve a synchronized growth of oil and gas production and the benefits it brings to the economy and society. At the same time, we will further improve our marketing capability for crude oil, light oil and fuel oil, as well as the service quality of our petrochemical storage business. We will also make great efforts to develop Sinochem into a world-famous petroleum company with high-quality oil and gas assets, and comprehensive operation capability and sustainability, which can make contribution to the development of the energy sector of China and the whole world.
