What is Sinopecs business development strategy for pipeline construction work like?
The company adheres to a principle going as “contextualize the availability of resources, understand the real needs in the market to embrace quick business expansion”, and has quickened up its pace in constructing a modern system for distribution of its crude oil and finished oil products. Its crude oil distribution system is established according to its development strategy characterized by “large-sized oil tankers of first carriage and crude oil wharfs, and pipelined transportation of second carriage”. In addition, Sinopec has adjusted and optimized its crude oil pipelines network, made full use of modern information technology and logistics optimization technology in its distribution system of finished oil products, redirected the flow of its finished oil products, focused its efforts on constructing a number of backbone pipelines for transportation of finished oil products, which are centered on some large-sized petrochemical enterprises and radiate into its target market segments,
