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The CNOOC Marketing Company, a specialized company of CNOOC engaged in sales and trade business, was founded in Beijing in April 2008.
The company's business mainly covers sales and trade, storage and logistics, and marketing network construction of crude oil, product oil and chemical products.
CNOOC Marketing Company facilitated the construction of marketing network in 2010, thereby the sales of product oil and sales and trading of chemical products both turn arounded.
We actively pushed ahead with the construction of the CNOOC marketing system, by elaborately cultivating our sales capability, carrying out marketing activities in our existing target markets steadily and effectively, and providing unlimited supply with no time restrictions to self-financed service stations, to ensure market supply. In 2011, the accumulated physical volume of refined oil and chemicals sold by the sales company was 12.49 million tons, among which 7.98 million tons were refined oil, accounting for 52% of all direct sales and up from 36% compared to the same period in 2010. By the end of 2011, the number of service stations in East China, South China and North China reached 320, with 83 newly built ones. The "CNOOC" brand has been well recognized in the terminal market and CNOOC's influence in the terminal market has kept growing.
