Sinopec enters global marine lubricants market

Sinopec, China’s largest oil refiner and products supplier, and Hin Leong Trading (Pte.) Ltd., one of Asia’s leading oil trading companies, have recently signed an agreement to supply marine lubricants and related services to two of Hin Leong’s very large crude carriers (VLCC). This is the first marine lubricants supply contract that Sinopec has signed with an international marine shipping company, and is thus a milestone for Sinopec in becoming a global marine lubricants supplier. (September 18, 2009)