On Nov.9th, Sinochem International Oil Corporation’s Tianjin branch was founded. On the same day, Sinochem-TOTAL Fuel Oil’s new retail station was inaugurated in Tianjin Weiguodao.
Weiguodao retail station is Sinochem-TOTAL Fuel Oil’s first retail station opened in Tianjin. It is located in Tianjin’s downtown with the coverage of 4500 square meters.
Sinochem-TOTAL Fuel Oil was established in Mar.2005. It is the joint venture held by Sinochem and TOTAL and is the first joint venture granted with the qualification by MOFCOM to operate product oil’s retail business in China. According to the agreement, the company has the target to build up to 200 retail stations in Beijing, Tianjin, Hebei and Liaoning. So far, 43 retail stations has been purchased or chartered. 17 retail stations in Beijing and Dalian have been embellished and opened to the public.