China United Petroleum Co., Ltd. (hereinafter referred to as "the Company") is an oil foreign trade company jointly funded by China Petroleum and Natural Gas Corporation and China Sinochem Corporation and managed by China Petroleum and Natural Gas Corporation. The company was incorporated in the State Administration for Industry and Commerce on 1993 1 0.8 with a registered capital of1100 million yuan. The company has the right to import and export crude oil and refined oil, and the overseas futures business license for crude oil and refined oil. The company is responsible for the import and export of crude oil and refined oil required by the refining system of China Petroleum and Natural Gas Group.

Relying on the powerful strength of China Petroleum, the company made full use of "two resources and two markets", actively developed the import and export business of crude oil, refined oil, chemicals and natural gas, and the shipping business, continuously extended the trade value chain and enriched the trade means, and the import and export business achieved rapid and steady development. The company has two trading seats in the New York Mercantile Exchange. By participating in the futures trading of crude oil and refined oil, we will explore rules and increase the company's right to participate in global oil trade. The company has established trade relations with dozens of countries and regions in the world and enjoys a good reputation in the international oil market.