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The Ministry of Commerce, Sinopec oil commercial reserve company to obtain crude oil sales management and crude oil storage business double qualification. Records show, this is the "oil market management approach" since the publication of first commercial reserves types of companies to obtain crude oil storage and sales double qualification.
Sinopec Group relevant personage says, National Oil Co established commercial reserve is a national energy safety requirements. Sinopec Group had previously said, commercial reserves functions of the company, Sinopec Group, will be the introduction of overseas oil and gas under the oil companies and oil blending refinery and other commercial operation have important synergies, petroleum products will be further concentrated pool.
Market analysts said, Sinopec's crude oil sources mainly dominated by imports, directly through the cargo supply coastal refinery or through a pipeline that supplies inland refinery. Crude oil storage tanks, the utilization rate is not high. It may establish this type of inventory. But commercial reserves of oil resources and the company specific business, and whether the operation of commercial reserves of refined oil and so on, Thursday has not been linked to commercial reserve company personage explanation. At the same time, the Ministry of Commerce approved the Dalian oil strategic reserves of crude oil storage qualification, but no circulation sales qualification.