Crude Oil

Based on the current supply and demand situation of China, the state puts forward “Going out” strategy of encouraging enterprises to explore abroad and encouraging various types of investment in the oil and gas field policy guide lines, Shengquan Energy acts as the communication bridge of Chinese enterprises and overseas markets and reposes the national policy,providing wide overseas supply channel, in order to meet the needs of domestic enterprises. Shengquan Energy have long-term close partnership with many major large domestic enterprises and many other Chinese local refineries. Meanwhile, we have also maintained good cooperation with overseas large multinational energy group, the national oil companies and other upstream enterprises, including ENIS.P.A.,NNPC Nigeria, Sonangol Angola, Russia, Saudi Arabia and Oman, etc.. Shengquan Energy supplies service to help refineries of private enterprises with procurement of fuel oil from abroad, in order to help domestic private smelters promote business development more broadly.In 2017, the crude oil sales amount reached $5.8 billion.