Energia
Sinopec Continues International Growth, Begins Oil Depot Operations at Sri Lanka's Hambantota Port
As the COVID-19 outbreak intensifies around the world and fuel consumption drops, Sinopec has been committed to implementing epidemic control measures and resuming work and production, heeding the Chinese government's call to maintain stable foreign trade by expanding its overseas bunkering business. Prior to the start of the oil depot's operations, Sinopec Fuel Oil overcame the adverse impact unleashed by the outbreak by quickly adopting cloud office solutions. During this time, domestic experts provided remote support to inspect, approve, and jumpstart operations, enabling the port to successfully realize the first refueling mission at the new oil depot.
Sinopec Fuel Oil is the fuel oil and bunkering arm of Sinopec Group. With the vision to build a world-class integrated bunkering services provider and clean energy supplier, Sinopec's current fuel supply capacity covers more than 40 key ports domestically and overseas, supplying oil to more than 10,000 ships annually around the world.
Sinopec Corp. is one of the largest integrated energy and chemical companies in China. Its principal operations include the exploration and production, pipeline transportation and sale of petroleum and natural gas; the sale, storage and transportation of petroleum products, petrochemical products, coal chemical products, synthetic fibre, fertiliser and other chemical products; the import and export, including an import and export agency business, of petroleum, natural gas, petroleum products, petrochemical and chemical products, and other commodities and technologies; and research, development and application of technologies and information.
Sinopec sets 'fueling beautiful life' as its corporate mission, puts 'people, responsibility, integrity, precision, innovation and win-win' as its corporate core values, pursues strategies of value-orientation, innovation-driven development, integrated resource allocation, open cooperation, and green and low-carbon growth, and strives to achieve its corporate vision of building a world leading energy and chemical company.
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