Does Nanjing Changlong belong to China Petrochemical Company?

Nanjing Changlong is a wholly-owned subsidiary of China Petrochemical Changjiang Fuel Co., Ltd., and China Petrochemical Changjiang Fuel Co., Ltd. is jointly funded by China Petrochemical and Sinotrans Changhang Group. The joint venture mode is that Changhang Group invests in gas stations and ship assets, and China Petrochemical invests in capital and resource allocation. Nanjing's long-burning refined oil resources mainly come from Sinopec Jinling Refinery, Yangzi Petrochemical and Gao Qiao Petrochemical, and the quality of Nanjing's long-burning refined oil is famous in the Yangtze River.