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Chairman of SSPC Visited the Company



On December 22, Saleh Yahya Al Zaid, president of the company, met with the delegation led by Wu Qinggao, chairman and president of Sinopec SenMei (Fujian) Petroleum Co. Ltd. (SSPC) at Fulian Building. Zhao Tianxing and Neo Ee Ee, vice presidents of the company, attended the meeting. The two sides had friendly discussions. Dai Jinliang, Chan Bono and Mahir Al-Showdari, vice presidents of SSPC, attended the meeting.

Saleh Yahya Al Zaid welcomed Wu Qinggao and his delegation and thanked SSPC’s strong support to FREP over the past years. He shared that the board directors of both sides recognized the close cooperation between the two joint ventures, and commented that as upstream production enterprise and downstream sales enterprise, the two sides have good foundation for cooperation, and should establish a mechanism of quick response to the market changes.

Saleh Yahya Al Zaid said that FREP would work hard on production, transportation and marketing of products, and serve the customers with the best quality products and the best after-sales service. He hoped that the two sides would deepen the coordination of production, marketing and research, strengthen communication and cooperation, jointly respond to the severe challenges in current markets, create value and maximize return to shareholders, and achieve win-win cooperation.  

Wu Qinggao said that he was glad to have this visit and especially a face-to-face communication with FREP management on how to respond to the severe situations of the oil products market. He commented that the competition in oil products market in Fujian Province was fierce. As a sales company, SSPC would cooperate closely with the production enterprise, establish a regular communication mechanism, speed up the two-way direct sharing of market information and production situation, timely solve production and marketing problems to enlarge market share in the defense battle of the oil products market.

Wu Qinggao hoped to gain the understanding/ support of shareholders for maximizing shareholders’ interests, the two sides could reach consensus and spare no efforts on cooperation, to continue the good cooperation and realize mutual benefit and win-win development.

The two sides would further deepen cooperation based on previous good business relationship and realize mutual benefit and win-win cooperation. This meeting has effectively promoted the good cooperation between the two sides and would play a positive role in promoting the scientific allocation of oil products in Fujian market and improving the capacity to safely supply oil products.

Management personnel of Commercial Customer Center, Fuel Supply Department and other departments of SSPC, and management personnel of Marketing& Sales Department and Technical& Planning Department of FREP attended the meeting. (Xiao Wanyuan)


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