Project Introduction and Planning of GUPC

Date：2017-09-20

Project introduction

       China's economy is at a rapid development stage, and the trend is expected to continue, and economic development will surely drive energy demand growth. According to the world energy statistics yearbook 2012, the net growth of all energy consumption in the world comes from the new total economy, accounting for 71% of the global net increase in energy consumption.

       In April 2016, China's imports of crude oil exceeded that of the United States, becoming the world's largest oil importer and the world's second-largest oil consumer. Up to April, 2016, China imported 110.62 million tons of crude oil, a 7.8 percent increase from the same period last year, and it is 60 percent external dependence.

       GUPC has established and maintained good relationship with many world well-known oil companies, and is ready to import crude oil to ensure the supply of crude oil in China, in addition to supplying Chinese market but also other countries in Asia such as Japan and Korea.

Project Planning

       The oil projects will include investment in four industrial chains in the "One Belt And One Road" countries: 1) Pipeline investment in crude oil exporting countries; 2) 8 domestic oil storage tank farms in the bonded area along the east coast of China; 3) Three refinery chemical integration plants; 4) 3, 500 gas stations.