Last $131.07 USD
Change Today -3.44 / -2.56%
Volume 116.1K
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As of 1:21 PM 09/22/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

No. 9 Dongzhimen North Street

Dongcheng District

Beijing, 100007

China

Phone: 86 10 5998 5667

Fax: 86 10 6209 5667

he production of various chemical products, such as polyethylene. As of December 31, 2013, the company’s annual ethylene production capacity was 5,110 thousand tons. The company produces various synthetic resin products, including polyethylene, polypropylene, and ABS. As of December 31, 2013, its production capacities for polyethylene, polypropylene, and ABS were 4,462 thousand tons, 3,744 thousand tons, and 705 thousand tons, respectively. Marketing of Chemicals: The company’s chemical products are distributed to various industries that manufacture components used in a range of applications, including automotive, construction, electronics, medical manufacturing, printing, electrical appliances, household products, insulation, packaging, paper, textile, paint, footwear, agriculture, and furniture industries. Marketing The company is engaged in marketing refined products through 37 regional sales branch companies, including 3 distribution branch companies, 1 lubricants branch company, and 1 fuel oil company. These operations include the transportation and storage of the refined products, and the wholesale, retail and export of gasoline, diesel, kerosene, lubricant, asphalt, and other refined products. In addition, the company has been developing international trade and has made some new achievements in Asia, Europe, and America, the three oil and gas operating centers in the world, which further improved its international operations. The company markets a range of refined products, including gasoline, diesel, kerosene, and lubricants, through a network of sales personnel and independent distributors, and a wholesale and retail distribution system across China. As of December 31, 2013, the company’s marketing network consisted of various nationwide wholesale distribution outlets, which are located in high demand areas, such as economic centers across China, primarily in the coastal areas, along major railways and along the Yangtze River; and 20,272 service stations, including 19,710 service stations owned and operated by the company and 562 franchise service stations owned and operated by third parties. The PRC government and other institutional customers, including railway, transportation and fishery operators, are the company’s long-term purchasers of the gasoline and diesel that it produces. It sells gasoline and diesel to these customers at the supply prices for special customers published by the PRC government. Wholesale Marketing: The company sells refined products both directly and through independent distributors into various wholesale markets, as well as to utility, commercial, petrochemical, aviation, agricultural, fishery, and transportation companies in China. Natural Gas and Pipeline The company operates as a natural gas transporter and seller in China. It sells natural gas primarily to industrial companies, power plants, fertilizer and chemical companies, commercial users, and municipal utilities owned by local governments. In addition, the company conducts the operation of crude oil and refined product transmission in the natural gas and pipeline segment. As of December 31, 2013, the company owned and operated approximately 43,872 kilometers of natural gas pipelines in China. Its existing natural gas pipelines form a national trunk network for natural gas supply and the regional natural gas supply networks in northwestern, southwestern, northern, and central China, as well as the Yangtze River Delta. The company has a network for the transportation, storage, and distribution of crude oil, which covers various regions of China. As of December 31, 2013, the crude oil transportation and storage infrastructure operated by the company consisted of 17,614 kilometers of crude oil pipelines; and crude oil storage facilities with an aggregate storage capacity of approximately 29.3 million cubic meters. As of December 31, 2013, the refined product transportation and storage infrastructure operated by the company consisted of 9,534 kilometers of refined product pipelines; and refined product storage facilities with a total storage capacity of approximately 30.3 million cubic meters. In a

 

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