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China petroleum and open up the east African market access important breakthrough

China petroleum and open up the east African market access important breakthrough

  • Categories:Industry News
  • Author:
  • Origin:
  • Time of issue:2020-03-31 14:57
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China petroleum and open up the east African market access important breakthrough

  • Categories:Industry News
  • Author:
  • Origin:
  • Time of issue:2020-03-31 14:57
  • Views:
Information

On December 8, the reporter learns from the international business company, international enterprise Singapore companies belonging to the Middle East Ethiopia product oil supply contracts in 2017, the company successfully won the bid for all of the country in addition to the agreement between the government of refined oil products market share.It marks the Chinese oil market development in East Africa has important breakthrough.
Launched in 2017 in November, Ethiopia oil procurement bidding project, attracted more than d company (Vitol), Kuwait (interpublic) independent oil group, aruk the Russian oil (such as Lukoil) eight companies to participate in bidding.On November 24, through the fierce competition, the international business company in the Middle East wins, successfully won the bid.According to the buying and selling contract signed with Egypt, the company will supply more than 1.2 million tons of refined petroleum products to Egypt next year, accounting for about one-third of the market share of the country.
Facing many disadvantage factors, and challenges the international business company in the Middle East in serious research and analysis customer demand, market situation and competitors, on the basis of making the corresponding bid strategy, market strategy and appropriate use of company's global marketing network to control purchasing cost.At the same time, the procurement and Ethiopia positive communication and consultation, take the initiative to cope with change and solve the difficulties in the whole bidding process accumulated experience for group company to develop overseas market.
International business company will take this cooperation as the breakthrough point, on the basis of mutual benefit, sharing a win-win, to further increase the intensity of Africa market development, improving the capacity of the global market to optimize resource allocation, social and economic rapid development for African countries to supply the needed energy, accelerate the east African oil products trade and regional marketing network construction, deepening the energy trade cooperation with countries in this region, promoting the construction of "area" common development.

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