CNOOC recently released the news that the first quarter of this year, CNOOC import and export companies completed a total of 548,000 tons of refined oil processing exports, compared with 2816 tons over the same period increased by nearly 270,000 tons.
For the import and export companies to develop the international market to provide a favorable resource protection, and promote the CNOOC refined oil international trade business further development.
At present, CNOOC’s processing and export of refined oil has covered Hong Kong, the Philippines, Vietnam, Thailand, Singapore and Australia.
To further expand the refined oil overseas market business, since the beginning of the year, CNOOC import and export companies continue to increase overseas terminal market development efforts to establish a stable and sustainable relations of cooperation and channels. First, through the public to a number of trading companies to petrol tender way, the company’s petrochemical enterprises to export gasoline to the Singapore market, and then serve the terminal needs; the use of gasoline and diesel assembly to ship exports to reduce the cost of user freight costs , And constantly improve the export efficiency of gasoline.
Second, give full play to Huizhou refining and chemical industry close to the main target of the geographical advantages, signed with the aviation contract partners, the stability of the Hong Kong market share of coal; by foreign oil companies signed a contract to further stabilize the Southeast Asian region Market supply channels. Third, to strengthen cooperation with large international oil companies in Hong Kong retail terminals to achieve low sulfur diesel export efficiency, and further rationalize the Australian diesel sales channels, increase the Australian region’s diesel exports.