In 2012, Sinopec Lubricant Branch Co., Ltd. cooperated with the National Workers Corporation and obtained the Saudi Arabian Chemicals Import License with the help of the overseas oil engineering business platform, which opened the channel for exports to Saudi Arabia. In 2012, a total of 230 tons of four types of lubricants have been sold.
With the active cooperation of the Guogong Saudi branch, the Lubricant Subsidiary conducted a market research and oil substitute investigation and drafted a “three-step†plan: The first step was to realize the supporting services for the Sinopec “going out†team. Promote to other Chinese-funded enterprises; the second step is to do a good job of developing the external market and establish local marketing channels; and the third step, choose the machine to implement local processing, until the establishment of production and processing companies. At present, the replacement of all equipment oil products under the China State Saudi Arabian Branch has been basically completed, and it has been successfully extended to refinery and chemical engineering companies, laying a good foundation for opening up the local market. After testing by the Saudi Oil Inspection Agency, SINOPEC lubricants are better than similar brands.
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