owned, equity-holding and equity-sharing companies.Further detail is available at the Sinopec website: http://www.sinopec.com.Brief Introduction to UnipecIn February 1993, the State Council in China approved the formation of UNIPEC through an equity joint venture between SINOPEC Corp. and China National Chemicals Import and Export Corporation (hereinafter referred to as "SINOCHEM"). Each of the Joint Venture partners held 50% shares in UNIPEC. In November 1998, SINOPEC Corp. became fully responsible for the business operations and management of UNIPEC following a restructuring program. As a result, SINOPEC Corp. increased its shares to 70%, while SINOCHEM reduced its shares to 30%. Finally, in 2005, SINOPEC Corp. became the sole shareholder of UNIPEC. Since then, UNIPEC is a wholly-owned subsidiary to SINOPEC Corp. and is China's largest international trade company. Its business mainly covers four areas, including trade in crude oil, oil products, and LNG and storage & logistics.Headquartered in Beijing, UNIPEC has six branches outside of mainland China. Unipec Asia Co. Ltd. based in Hong Kong is mainly in charge of crude oil trade in the Middle East and the Far East; Unipec UK Co. Ltd. based in London is responsible for crude oil businesses in West and North Africa, Europe, and the Mediterranean; oil product and Natural gas business in the global region is run by Unipec Singapore Pte Ltd.; Unipec America Inc. in Houston focuses on crude oil trade in North and South America; Unipec Kantons Holdings Ltd. listed in Hong Kong is set up with a focus on international storage & logistics; Unipec India Representative Office is located in Mumbai India.Brief Introduction to Unipec SGEstablished on 12 Jan 1994, with a registered capital of US$65.29 million, UNIPEC Singapore Pte. Ltd. (hereinafter referred to as "UNIPEC SG") is a wholly-owned subsidiary of UNIPEC. The core responsibility of UNIPEC SG is to import and export oil products and natural gas.
owned, equity-holding and equity-sharing companies.Further detail is available at the Sinopec website: http://www.sinopec.com.Brief Introduction to UnipecIn February 1993, the State Council in China approved the formation of UNIPEC through an equity joint venture between SINOPEC Corp. and China National Chemicals Import and Export Corporation (hereinafter referred to as "SINOCHEM"). Each of the Joint Venture partners held 50% shares in UNIPEC. In November 1998, SINOPEC Corp. became fully responsible for the business operations and management of UNIPEC following a restructuring program. As a result, SINOPEC Corp. increased its shares to 70%, while SINOCHEM reduced its shares to 30%. Finally, in 2005, SINOPEC Corp. became the sole shareholder of UNIPEC. Since then, UNIPEC is a wholly-owned subsidiary to SINOPEC Corp. and is China's largest international trade company. Its business mainly covers four areas, including trade in crude oil, oil products, and LNG and storage & logistics.Headquartered in Beijing, UNIPEC has six branches outside of mainland China. Unipec Asia Co. Ltd. based in Hong Kong is mainly in charge of crude oil trade in the Middle East and the Far East; Unipec UK Co. Ltd. based in London is responsible for crude oil businesses in West and North Africa, Europe, and the Mediterranean; oil product and Natural gas business in the global region is run by Unipec Singapore Pte Ltd.; Unipec America Inc. in Houston focuses on crude oil trade in North and South America; Unipec Kantons Holdings Ltd. listed in Hong Kong is set up with a focus on international storage & logistics; Unipec India Representative Office is located in Mumbai India.Brief Introduction to Unipec SGEstablished on 12 Jan 1994, with a registered capital of US$65.29 million, UNIPEC Singapore Pte. Ltd. (hereinafter referred to as "UNIPEC SG") is a wholly-owned subsidiary of UNIPEC. The core responsibility of UNIPEC SG is to import and export oil products and natural gas.
owned, equity-holding and equity-sharing companies.Further detail is available at the Sinopec website: http://www.sinopec.com.Brief Introduction to UnipecIn February 1993, the State Council in China approved the formation of UNIPEC through an equity joint venture between SINOPEC Corp. and China National Chemicals Import and Export Corporation (hereinafter referred to as "SINOCHEM"). Each of the Joint Venture partners held 50% shares in UNIPEC. In November 1998, SINOPEC Corp. became fully responsible for the business operations and management of UNIPEC following a restructuring program. As a result, SINOPEC Corp. increased its shares to 70%, while SINOCHEM reduced its shares to 30%. Finally, in 2005, SINOPEC Corp. became the sole shareholder of UNIPEC. Since then, UNIPEC is a wholly-owned subsidiary to SINOPEC Corp. and is China's largest international trade company. Its business mainly covers four areas, including trade in crude oil, oil products, and LNG and storage & logistics.Headquartered in Beijing, UNIPEC has six branches outside of mainland China. Unipec Asia Co. Ltd. based in Hong Kong is mainly in charge of crude oil trade in the Middle East and the Far East; Unipec UK Co. Ltd. based in London is responsible for crude oil businesses in West and North Africa, Europe, and the Mediterranean; oil product and Natural gas business in the global region is run by Unipec Singapore Pte Ltd.; Unipec America Inc. in Houston focuses on crude oil trade in North and South America; Unipec Kantons Holdings Ltd. listed in Hong Kong is set up with a focus on international storage & logistics; Unipec India Representative Office is located in Mumbai India.Brief Introduction to Unipec SGEstablished on 12 Jan 1994, with a registered capital of US$65.29 million, UNIPEC Singapore Pte. Ltd. (hereinafter referred to as "UNIPEC SG") is a wholly-owned subsidiary of UNIPEC. The core responsibility of UNIPEC SG is to import and export oil products and natural gas.