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Sinopec Refinery Product Sales Company Limited

Sinopec Refinery Product Sales Co., Ltd. was officially renamed and established in 2012 based on the former Sinopec Asphalt Sales Branch Company which was founded in 2004.

Headquartered in Shanghai, Sinopec Refinery Product Sales Co., Ltd., a wholly-owned subsidiary of Sinopec, is responsible for the sales and procurement of liquefied petroleum gas, asphalt, petroleum coke, sulphur, isooctane, paraffin and other refining products within Sinopec. The Company is the largest specialized refining products marketing enterprise in China, with the annual operating revenue approaching RMB 100 billion (USD 15.625 billion) and an annual tax of RMB 1 billion (USD 156 million). Taking a leading position in market share in China, the Company created nearly RMB 1.5 billion (USD 234 million) of brand value for the flagship product “DONGHAI BRAND” asphalt in 2021.

The Company has an extensive marketing network, including 6 regional representative offices in South China, East China, Central China, North China, West China and Shandong Province, 4 subsidiaries in Dazhou, Jingmen, Qingdao and Shanghai Free Trade Zone, and many offices and outlets attached to Sinopec’s 30 petrochemical and oilfield subsidiaries, with business covering products development, procurement, marketing, transportation, service, etc.

The Company has an advanced management structure with the first-class business operation, logistics deployment and corporate management IT platform. The customer relationship management system, the logistics deployment system, the digital warehousing system and the digital delivery system are fully integrated through the resource planning management system. Our management structure not only supports the Company’s business and operation in all respects, but also provides customers with integrated transportation of railway, highway and waterway and advantaged logistic services.

The company boasts highly professional and skilled marketing and research teams. More than 78% of the staff have gained bachelor's degrees or above, and 56% of them have achieved junior and senior professional titles. There are 3 experts with outstanding contributions to Sinopec, 5 winners of Min Enze Young Scientific and Technological Talent Award and special allowance of the State Council of China. Based on the individual performance and guided by market expansion, the Company has established a remuneration and incentive mechanism that matches the staff promotion channels, and a mature mechanism of selecting, cultivating, using and attracting talents, hence forming a enabling environment for individual growth and career advancement.

Leading in science and technology, the Company has a laboratory and a product R&D center. We have established technological cooperation platforms with many countries and regions, and an integrated technological service system of “production, marketing, research and application” which can provide customer with full-process solutions. Our products have won national and regional technology awards many times. The Company is one of the first among Chinese refining products marketing businesses to have passed the ISO9001 quality management system certification and has fully implemented the QHSSE management.

Over the years, the Company has carried on its missions in market expansion by completing one task after another. Leveraging our professional advantages, we have fully coordinated the “Two resources (inside and outside Sinopec), and Two markets (the domestic and international)” and expanded the business through multiple channels. Meanwhile, we actively participate in the “Belt and Road Initiative” and have established strategic partnerships with many companies on the Fortune Global 500 list.

During the 14th Five-Year Plan period, guided by Sinopec’s vision of building itself into a world-leading clean energy and chemical company, adhering to the philosophy of “Integrity, Compliance, and Win-win Cooperation”, the Company will firmly fulfill its economic and social responsibilities as a state-owned enterprise and pursue high-quality development and premium supplier and customer service. We are committed to building a marketing company that is “Leading in China, Renowned in the World”, creating greater value and achieving win-win results with all partners.

Address: F22,24,25, No.728, Yan’an West Road, Changning District, Shanghai
Postcode: 200050
Tel: 021-60863300
Fax: 021-52381680