INTRODUCTION
SINOPEC Group is one of the world’s largest petroleum and energy groups. According to the 2020 Fortune Global 500 report, the group achieved a revenue of $407 billion, ranking as the second-largest enterprise globally. SINOPEC Group’s core business operations include:
- Oil and gas exploration and production (E&P).
- Petroleum refining, production, transportation, and the sales of petrochemical products and lubricants.
- Production and distribution of other chemical products.
SINOPEC Lubricant Company is a wholly-owned subsidiary of SINOPEC Group. In 2020, the company’s total production volume exceeded 2 million tons, with an annual revenue of approximately $4 billion. SINOPEC Lubricant Company is the largest lubricant manufacturer in Asia and one of the top four lubricant brands globally.
