Differences Between Sinopec and CNPC
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The following are the specific differences between Sinopec and CNPC: 1. Different use of crude oil: China's oil fields are mainly located in the northern regions, and most of these domestic crude oils are refined by CNPC, with only about 30% relying on imports, so CNPC primarily uses domestic oil. Sinopec's crude oil is mostly imported, mainly from the Middle East. 2. Different oil density: In terms of oil density, CNPC's gasoline density is around 0.72-0.73, while Sinopec's gasoline density is around 0.75-0.77. 3. Different sales regions: In the past, CNPC mainly dominated the northern market, while Sinopec was rooted in the southern market, dividing the country into north and south.