In 2011,for marketing of refined products, the Company took multiple actions to collect the resources, strengthen the organization of allocation and transportation, and extended the retails, especially gasoline. Finally, the retails reached 85.65 million tons, representing an increase of 19.7%; the market share remained at about 45%, and both quantity and benefits were increased. The Company consolidated its position in China as the largest producer and supplier of fuel oil and bitumen, continuously optimized the market layout of lubricant oil, regularly and effective carried out the non-oil operations, and enhanced the overall profitability. The Company made more efforts in development of marketing network. In the year, 1,330 service stations were added, and the oil depots in Nansha and Zhuhai were completed and put into service, improving the Company’s control over efficient market in southern China.
Domestic Marketing Business