With a total volume of over 100 million tons in crude oil and refined oil product operation, Sinochem Group retains a competitive edge in oil trading business.
Based on sound cooperative relations with governments and national oil companies of many oil-producing countries, Sinochem Group is in a good position to access to overseas petroleum resources and own more than 70 million tons of crude oil originated from countries including but not limited to Saudi Arabia, Oman, Iraq, Kuwait, Angola, Equatorial Guinea on a yearly basis, backed by long-term contracts.
Sinochem Group is dedicated to providing superior crude oil and professional services to clients both at home and abroad in virtue of its good reputation, sound operation channel and advanced technology, and has formed a global sales network with wide coverage and stable performance. In addition to satisfying the domestic needs of Chinese market, Sinochem Group also actively engages in entrepot trade business for refinery plants located in Southeast Asia, Europe, North America and other regions, thus becoming a significant crude oil provider by some countries and regions. Besides, Sinochem Group also engages in both import&export agency business and self-operated import&export business for gasoline, diesel, jet oil and other products.
In order to guarantee the smooth operation of international oil trade business, Sinochem Group has been strengthening ties with large international shipping companies to provide convenient and efficient ship chartering services for Chinese oil importers as well as third-country entrepot clients. Presently, Sinochem Group owns and operates five VLCCs, which has basically developed the professional oil transportation capabilities.