Company plan
According to WTO, Mainland China has to open her processed oil market. To enter the market with geographical and financial advantage, the group has established its back office in Hong Kong to take care of operations like finance, administration and accounting.
To expand its bunkering business, the group has set up a large scale floating storage in Taiwan to refuel long haul vessels. Besides, sales network has been expanded beyond Asia to reach other large fishing zones. Moreover, the group plans to purchase one to two more large, newly built oil tankers (with around 30,000-50,000DWT), as well as additional second-hand, smaller oil tankers, this further expands our oil trading and bunkering business.
Since late 2005, the group has been recruiting more professional and experienced management staff into its marketing and back office departments. In view of the continuous growth in business and customer base, our turnover is expected to go beyond US$2.5 billion in 2008, signifying the new era of the group.
By exploiting the strength of International oil refineries, the group has expanded into upper-stream exploration, petrochemical development and marketing businesses, turning the group into a modern, safe, clean, competitive and sustainable energy enterprise. We will continue to offer global energy solutions in highly efficient and qualitative manner.