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Refining & Marketing

The refining and marketing sector plays an important role in the industrial value chain and helps CNOOC carry out market-oriented reform, realize scale economy effect, optimize energy products structure and develop into a world-class energy company.

Refining and Petrochemical

As the extension of E&P, the refining business covers production and sales of petrochemical products and fertilizers.

They year of 2015 witnessed plummeting oil prices, slightly decreasing global energy consumption, the new normal of Chinese economic development and oversupply of refined oil and chemical products. To combat the economic climate, the company put great efforts in resource allocation, technological innovation, safe operation, fine management and overseas market expansion. It expanded cooperation with partners in product distribution and promoted sales of high-value-added products and quality-upgraded products.

The company established the principles of quality priority, cost control and efficiency improvement in the year. It strengthened management of technical indexes, optimized facilities operation, improved technological and economic indexes and reduced the cost in production, operation and management. It also optimized structure of products, increasing the production of naphtha, aromatic hydrocarbon and aviation kerosene. Meanwhile, it stepped up its efforts in processing of supplied materials and export, expanded overseas market, including entering the Southeast Asian market, and exported 1.21 million tons of refined oil in 2015. The company kept a close watch on the demand of terminal customers, carrying out promotion activities in targeted markets, and it cooperated with partners in product distribution. In 2015, the Huizhou Refinery processed 12.46 million tons of crude oil equivalent and kept high-load stable production for the sixth consecutive year, whose indexes like crude oil processing capacity, product output and comprehensive energy consumption created new records. The first period project of the Huizhou Refinery was awarded FIDIC AWARD, the “Noble Prize” in the engineering consultation. Guided by the market demand, the Daxie Petrochemical kept stable production and operation and realized a balance among production, supply and marketing, processing 6.21 million tons of crude oil and producing 6.01 million tons of oil products.

CNOOC Oil & Gas Development and Utilization Corp achieved good results through overall planning and cost saving. It made breakthroughs in asphalt market, winning biddings in existing markets like Sichuan, Hubei, Anhui, Ningxia, Gansu, Shaanxi, Shanxi, and Inner Mongolia, and progressing in projects in Guangdong, Yunan, Hainan and Guizhou. The branding product “CNOOC 36-1” asphalt was applied in key projects like road reconstruction of 70th Anniversary of Victory of Chinese People’s Resistance against Japanese Invasion and 2022 Winter Olympics in Beijing and Zhangjiakou, and the product was exported Papua New Guinea, Equatorial Guinea and Burma. CNOOC signed strategic cooperation protocols with foreign and domestic clients for lubricant base oil and set a sub-brand “Hydro Pure” lubricant. The company also made progress in engineering construction: the technological reconstruction project of the Zhanjiang Company was started up on May 9 and the integration project in Taizhou advanced smoothly.

In 2015, CNOOC China BlueChemical Ltd. produced 2.296 million tons of urea, 936,000 tons of phosphate and compound fertilizer, 944,000 tons of compound fertilizer, 1.561 million tons of methyl alcohol, and 4,000 tons of polyformaldehyde. The Basuo ports realized throughput of 13.69 million tons, hitting a new record. The company focused on production management, fine management of facilities and operation, mobilized the production team through labor contest, and realized stable operation of all production facilities.

CNOOC Shandong Haihua Group Co., Ltd. produced 2.598 million tons of sodium carbonate and 2.134 million tons of crude salt, and supplied 1.24 billion kWh of power and 8.3 million tons of steam. It optimized overall production and operation, completed 408 programs in sodium carbonate and chlor-alkali facilities turnaround, and saved RMB 31.05 million of cost in total. It also updated the emission reduction treatment, reducing 1,845.3 tons of sulfur dioxide emission, 2,394.2 tons of nitrogen oxides emission, 0.8 tons of COD emission, and 155.1 tons of ammonia nitrogen.

Marketing

Adhering to the guideline of deepening reform, enhancing ability and motivating vitality, CNOOC Marketing Company strengthened marketing network of oil products and carried out efficiency and cost control measures. It carried out regional coordination, strengthened front-line planning and coordination and optimized marketing network management. Logistic cost was analyzed in detail for control, resource supply channels were expanded, and online marketing of refined oil was started. Taking a differentiated development path, it rapidly expanded the terminal network and improved direct marketing of refined oil. In the aspect of quality control, it completed quality upgrade of national IV vehicle diesel with 100% of qualified rate.

At present, CNOOC has established a refined oil marketing network in the Yangtze River Delta, the Pearl River Delta and Bohai Rim area and extended it to the middle area along Yangtze River, Beijing-Guangzhou Railway, and Beijing–Kowloon Railway. The company set branches in nearly 20 provinces and cities, including Beijing, Shanghai, Tianjin, Guangdong, Jiangsu, Zhejiang, Hebei, Shandong, Hunan, Hubei and Sichuan, and a branch in Hong Kong. As of the end of 2015, CNOOC sold 15.76 million tons of refined oil and chemical product, including 12.07 million tons of refined oil. In the year, CNOOC started 167 service stations, and the total number of service stations reached 713.



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