Every day, our joint venture Sinopec Senmei (Fujian) Petroleum Company (SSPC) supplies high-quality fuels to the local market for auto, home and business in China, the second largest economy in the world. Its network of distribution centers is scattered across Fujian Province, one of the more prosperous and outward-looking provinces of China.
From gasoline to kerosene to diesel, customers enjoy a range of retail fuel products that help keep the Chinese economy thriving and its people living more mobile, productive, and meaningful lives.
SSPC sells wholesale and retail motor gasoline, diesel. It's owned by Saudi Aramco and ExxonMobil – which each hold 22.5 per cent stake – as well as Sinopec, which has a 55 per cent interest.
As the first provincial level transportation fuel marketing joint venture in China, SSPC started operation on July 2007 and now operates over 1,000 service stations and 17 distribution terminals throughout Fujian Province.
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Plans to expand fuels retail business in China
Saudi Aramco signed a Memorandum of Understanding (MOU) to acquire a 9% stake in Zhejiang Petrochemical, which is developing a 800,000 barrels per day integrated refinery and petrochemical complex, with an integrated retail network, located in the city of Zhoushan, Zhejiang province.
Saudi Aramco and NORINCO signed a Memorandum of Understanding (MOU) for a 300,000 barrels per day refinery, integrated with petrochemical complex and a retail network.
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