How is the quality of Sinochem's oil?
1 Answers
Sinochem Petroleum is a state-owned enterprise, and the quality of its oil products is guaranteed. Sinochem Petroleum can be considered the 'fourth barrel of oil' after PetroChina, Sinopec, and CNOOC, with a 60-year history in the petroleum business. Although it is not as widespread domestically, it enjoys a good reputation and has a positive influence in both domestic and international petroleum markets. The reason Sinochem's oil is cheaper is mainly because it entered the gasoline market relatively late, and its brand recognition was previously low, necessitating compressed profits to open up the market. Additionally, Sinochem Petroleum has limited distribution within China, not being available everywhere, which is also one of the reasons for its relatively lower prices.