Global Petroleum Trade Summit witnesses CNY7 bln deals signed

JLC June 04 , 2018 Tobey

A total of 14 Chinese and overseas companies signed deals worth over CNY7 billion at the 2018 Global Petroleum Trade Summit held by JLC on May 30-31, 2018.

The summit was concurrently held with the China (Dongying) International Petrochemical Trade Conference and Exhibition at Dongying Huanghe International Convention and Exhibition Center in China’s Shandong province. Oil giants around the world gathered at the summit, including overseas companies BP, Chevron, Exxon Mobil, Lukoil, Petronas and Total and Chinese state-run PetroChina, Sinopec and CNOOC. Meanwhile, a lot of Chinese independent refiners led by Chambroad Petrochemicals and Wonfull Petrochemical participated in the summit.

Huang Haixin, president of JLC and Jing Xianghui, director of the comprehensive bonded zone of the Dongying Port Economic Develop Area, delivered speeches and congratulated the 14 companies including BP and Shandong-based Tianhong Chemical at the signing ceremony that took place at 11:00 on May 30.

Mr. Jingxiang Hui made an introduction about the Dongying Port Economic Develop Area, along with its preferential policies and advantages.

“Since the launch of China’s crude futures, trading volumes of petroleum and related products have been on the rise and the Chinese petrochemical market has been expanding, which has generated huge cooperation opportunities for companies across the world. We should seize the opportunities to strengthen ourselves”, Mr. Huang Haixin commented in his speech.

JLC is an integrated trading solution provider for China bulk commodity market. Our mission is to “make bulk commodity trading more efficient”. We are dedicated to providing more comprehensive and professional trading services to clients in the petroleum and petrochemical sector, helping them reduce trading cost, boost trading volumes and enhance trading efficiency, so that we will grow and make progress with them.

The summit proves a great success. In addition to the signing ceremony, a lot more cooperation agreements were concluded during the exhibition, conference and visits to Dongying Port.

We have received numerous positive feedbacks on the Global Petroleum Trade Summit, with attendees all saying they benefited a lot from the summit.

We believe the summit has promoted exchanges and transactions among domestic and overseas petroleum and petrochemical firms and made a great contribution to international cooperation and the sustainable robust development in China’s petroleum and petrochemical industry.