These eight companies are PetroChina Laiwu Sales Co in Shandong, PetroChina Sanmenxia Sales Co in Henan, CNOOC Tianjin Sales Co, Tianjin Taida Lundun Group Development Co, Tianjin Huirong Petroleum Co, Dongying Huidong Commercial & Trading Co in Shandong, Harbin Changsheng Fuel Co in Heilongjiang and Zhanjiang Dapeng Petrochemical in Guangdong.
Three of these companies are among the five biggest state-owned ones, while the others are other state-owned companies or private ones.
More and more enterprises outside the fold of the big-five have got oil product wholesale licenses since the second half of 2008, but they will encounter hardship in the market which is dominated by Sinopec and PetroChina, industry sources denoted. The competition will become fiercer in the future with the participation of other large-scale state-owned enterprises like CNOOC and Sinochem International, these sources believed.
So far, a total of 141 companies have been qualified for oil product wholesale business since Administrative Measures on Oil Products Market were published in December 2006. Among these companies, 38 or 26.95% are owned by CNPC, Sinopec, CNOOC, Sinochem and China National Aviation Fuel Holding; 103 or 73.05% are private or state-owned companies outside the five oil giants, with nine of them as Sino-foreign joint ventures.
MOFCOM granted at the same time oil product storage license to PetroChina Changde Sales Branch in Hunan, the announcement shows.
China Chemical Weekly: http://news.chemnet.com/en/detail-1411716.html
