Sinochem Oil is a wholly-owned subsidiary of China Sinochem Group and a state-owned enterprise, which can be regarded as the fourth barrel of oil after PetroChina, Sinopec and CNOOC. Internationalization is the main business feature of sinochem oil co., ltd. Sinochem has established a number of storage and transit bases for crude oil, refined oil and liquefied gas in coastal and riverside areas of China. The engine oil must be regular engine oil, and the quality of the engine oil is also guaranteed.
Sinochem's oil is cheap mainly because Sinochem entered the gasoline market late. Previously, the popularity was relatively low, and it was necessary to reduce profits to open the market. Moreover, the distribution of Sinochem oil in China is limited, not everywhere, which is one of the reasons why its price is relatively cheap.
corporate business
1, business overview
The company's business mainly focuses on crude oil trade, refined oil trade and distribution. The main products are crude oil, fuel oil, gasoline, diesel oil, jet fuel and liquefied gas. The main business modes include import and export, international entrepot, processing trade, paper products management and domestic trade distribution.
The refined oil business includes self-operated and agent import of fuel oil, jet fuel, naphtha and other oil products, as well as international re-export of these oil products; Acting as an agent for the export of diesel, gasoline and kerosene of Dalian West Pacific Petrochemical Co., Ltd., a shareholder of Sinochem Group, and implementing the export of aviation coal and diesel re-export under the government commodity loan.
2. Oil trade
Oil trade is the traditional advantage business of Sinochem Group. While exploring and developing oil and gas resources overseas, the company has maintained long-term and stable strategic cooperation with major oil companies and related financial institutions in oil import, re-export and risk management. With good reputation, business channels and technical means, it has formed a strong ability to obtain overseas oil resources.
Reference to the above content: Baidu Encyclopedia-Sinochem Oil Co., Ltd.