What is the difference between Sinopec BP and Sinopec?
2 Answers
Sinopec BP and Sinopec differ in terms of establishment time, logos, business development, and nature. Below are the relevant details: Establishment time: Sinopec: The predecessor of Sinopec was the China Petrochemical Corporation, established in 1983, primarily engaged in oil refining, petrochemicals, and oil distribution. In July 1998, the state reorganized and established Sinopec as a super-large petroleum and petrochemical enterprise group based on the former China Petrochemical Corporation. BP China: BP China was established in 1973. BP was formed through the integration and reorganization of former British Petroleum, Amoco, ARCO, and Castrol, making it one of the world's largest petroleum and petrochemical groups. Logos: Sinopec: The Sinopec logo consists of three main elements: a rising sun graphic, the Chinese abbreviation, and the English abbreviation (SINOPEC). BP China: BP's sunflower logo is named after the ancient Greek sun god. Business development: BP China: As one of the earliest foreign companies to enter China, BP has been expanding its business in China since 1973, with over thirty years of history. BP is one of the leading foreign investors in China. Sinopec: Sinopec is China's largest oil refiner and producer of petroleum products, including gasoline, kerosene, diesel, and lubricants. Its main business areas include: industrial investment and management; exploration, extraction, storage, transportation (including pipeline transport), sales, and comprehensive utilization of petroleum and natural gas; coal production, sales, storage, and transportation; oil refining; storage of refined oil; import and export of related commodities and technologies; international project contracting, procurement bidding, and labor export; and international warehousing and logistics. Nature: BP gas stations are joint ventures between British Petroleum and PetroChina (China National Petroleum Corporation) in Guangzhou. Sinopec is a state-owned company established solely by the state, an authorized investment institution, and a state-controlled company headquartered in Beijing. It is the abbreviation of China Petroleum & Chemical Corporation, one of China's large state-owned petroleum enterprises under the State-owned Assets Supervision and Administration Commission (SASAC), alongside PetroChina.
As a veteran driver with over a decade of experience, I feel there's quite a difference between Sinopec and Sinopec BP. Sinopec is a purely domestic state-owned enterprise with nationwide coverage, often offering discounts on fuel prices, making it ideal for regular car owners looking to save on daily expenses. Sinopec BP, on the other hand, is a joint venture with British BP, featuring more stable fuel quality with fewer impurities that could affect the engine. The service is also upgraded, with clean restrooms and rest areas. The joint venture brings advanced technology and more environmentally friendly fuel standards, but the prices are slightly higher, especially at busy urban stations. It seems more suitable for long-distance driving where higher quality requirements are needed.
