Shell (Zhejiang) Petroleum Trading Co., Ltd., with the approval of the Ministry of Commerce, obtained the domestic wholesale qualification of refined oil products. This is also the first multinational oil company to obtain this qualification in China.
Shell (Zhejiang) Company was established in September 2017 and is a wholly-owned subsidiary of the Shell China Group. The acquisition of the above qualifications means that Shell will be able to carry out the procurement and sales of refined oil products for corporate customers in the Chinese market.
It is reported that there are three main customers of Shell's refined oil wholesale business: Gas Station Outlets, Industrial Enterprise Customers and Commercial (truck) Fleet Operators.
In June 2018, the National Development and Reform Commission and the Ministry of Commerce issued the “Special Management Measures for Foreign Investment Access (Negative List) (2018 Edition)”. This negative list cancels the restrictions on the construction and operation of chained gas stations with the same foreign investors' establishment of more than 30 branches and sales of different types and brands of refined oil from multiple suppliers.
In August of the same year, Shell announced that it would add more than 2,000 Gas Stations in China by 2025. Shell is one of the world's largest energy traders, delivering more than six million barrels of refined oil to customers every day.
On November 26, 2018, the Department of Market Operation and Consumer Promotion of the Ministry of Commerce issued the second batch of publicity lists for oil companies applying for projects. Eight companies obtained wholesale qualifications for refined oil products, of which five were private enterprises and two were state-owned. Enterprise, Shell is the only Foreign-funded Enterprise.
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