Petroleum trade is traditional advantage business of Sinochem. Exploring and developing oil gas resources overseas, the company keeps stable and long-term strategic cooperation on oil imports, transiting and risk management with main oil company and relative finance organizations in the world, and it has formed comparatively strong obtaining capacity of oil resources overseas by good reputation, managing approach and technical measure advantages.

Now, the company possesses crude oil of 20million ton/year, with variety involving Saudi Arab, Oman, Iraq, Bahrain, the United Arab Emirates, Yemen, Qatar, Viet Nam, Syria, Russia and Indonesia. While satisfying the domestic demand with the term contract and spot purchasing importation of crude Petroleum , Sinochem make entrepot business with clients of Southeast Asia, Europe and North America. Sinochem provides our clients, both domestic and abroad, with high quality crude Petroleum and professional services. By means of consignment processing, Sinochem enhanced the technical value of crude Petroleum operation and showed strong business capacity in the global Petroleum market to lower our clients’ cost.

Terminal sale network of home product oil of the company has made great progress in recent years. Sinochem basically completed the strategic building of the Petroleum distribution networks in North China, East China and South China. These gas stations, established by the joint ventures of Sinochem and TOTAL, have gradually been put into operation in Beijing, Tianjing, Hebei, Liaoning ,Jiangsu and Zhejiang Provinces. Thus Sinochem’s product Petroleum distribution system, focusing on its ultimate customers, has been initially established. Sinochem cooperates with Sinopec to build Sinopec-Sinochem Product Oil Sales Co.,limited and develops retail business of product oil in the whole country.

In recent years,Sinochem’s fuel Petroleum business maintained a remarkable increase. More than 30 percent of the fuel Petroleum was directly sold to end users and the total import volume always stand in a higher position amongst its peers in China.

Sinochem’s annual sale of crude Petroleum and product Petroleum has reached 45 million tons.