about-sinopec
Marketing and Distribution
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In 2022, facing the sluggish demand for refined oil products, the Company brought advantages in integrated business and distribution network into full play and expanded the market through high quality service. We reinforced market analysis and forecast, strengthened resources coordination and implemented targeted differentiation strategy. The sales volume of diesel rose by 8.6% and the retail volume of vehicle LNG up by 9.7% year on year. We vigorously expanded the lowsulfur bunker fuel market and further consolidated our market position. We rapidly developed online business and client satisfaction upgraded significantly. The quality and profitability for the nonfuel business were further boosted. We optimised the allocation of service stations and stepped up the construction of new energy service network. Our battery swapping stations, carbon-neutral service stations and oil product depots were put into operations, and the number of hydrogen refueling stations ranked No. 1 in the world, making continuous efforts for the transition to an integrated energy service provider of petrol, gas, hydrogen, power and services. Total sales volume of refined oil products for the year was 207 million tonnes, of which domestic sales volume accounted for 163 million tonnes.


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