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What is the difference between oil and petrochemical?
2019-03-20 source: Views:0

    The difference between PetroChina and Sinopec is as follows:

The full name of PetroChina is: China National Petroleum Corporation, the full name of Sinopec is: China Petroleum and Chemical Corporation, when the two were in the former Ministry of Petroleum, PetroChina is a manufacturing company, Sinopec is a sales company, so now China In addition to the Shengli Oilfield and the Zhongyuan Oilfield, the large oilfields are basically on the Chinese oil side, and the two are bounded by the Yellow River. Therefore, in the south, you see petrochemical gas stations, and in the north is basically the world of China Petroleum. . China's oil fields are almost all in the north such as "Daqing", "Liaohe", "victory", "Central Plains", "Changqing", "Klamayi" and so on.

    Due to the geographical “equal” reasons, the refineries in the north refine the crude oil in the domestic northern oil fields, while the small oil fields in the south are mostly distributed and imported crude oil. Therefore, there are many oil fields in PetroChina, and there are many refineries in Sinopec. "PetroChina" and "Sinopec" are basically the "North" and "South" sub-divisions, divided between the North and the South. That is, the north is the site of PetroChina, and the south is the site of Sinopec. However, the situation in these years has broken through. Just as Netcom and telecommunications began to go south and north, Sinopec also began to move north, and PetroChina is also infiltrating south. China's accession to the WTO, in order to compete with foreign oil companies, such as South Korea's SK, the country allows PetroChina Sinopec two companies to build gas stations on each other's sites to seize a good location, the most intuitive way to distinguish is to look at the face packaging, Then there is watching clothes, Sinopec is blue, and PetroChina is red and yellow!

    PetroChina and Sinopec are the same in terms of business structure, and they are all integrated energy and chemical companies in the upper, middle and lower reaches. The predecessor of PetroChina is China National Petroleum Corporation, which is responsible for the mining, storage and transportation of oil. It is basically an upstream business. The predecessor of Sinopec is China Petrochemical Corporation, which was established in 1983, mainly engaged in refining, petrochemical and refined oil products. The distribution business is basically midstream and downstream business. In 2000, the two companies reorganized. Some of China Petroleum's oilfield exploration and mining enterprises were placed under Sinopec. Some of Sinopec's oil refining enterprises and sales companies were placed under PetroChina. As a result, the two companies ended their history of single business. Business company. At present, the strength of China's upstream oil business is still stronger than Sinopec, and Sinopec's refining and sales business is stronger than China Petroleum.