Import Crude Oil Trade  

Core Positioning: As one of the four core businesses of Southern Holdings Group (Hainan) Co., Ltd., the import crude oil trade leverages the policy advantages of the Hainan Free Trade Port and an international resource network to form a full-chain service system covering "procurement - transportation - distribution," providing stable and efficient crude oil supply for domestic refining and chemical enterprises.  

I. Resource Network and Supply Capacity  

Global Resource Layout  

Strategic Partnerships: Established long-term and stable procurement channels in major oil-producing regions such as Europe, the Middle East (Saudi Arabia, UAE), and Africa (Angola, Nigeria), forming a "multi-source supply, flexible allocation" resource network.  

Collaboration with International Giants: Deeply cooperated with international energy companies such as Shell and BP, ensuring the stability of crude oil supply and price competitiveness through a combination of long-term contract procurement and spot trading.  

Annual Trade Scale: Crude oil trade volume exceeded 2 million tons in 2024, expected to further grow in 2025, becoming a major crude oil importer in China.  

Free Trade Port Policy Empowerment  

Enhanced Customs Clearance Efficiency: Relying on the Hainan Free Trade Port policy of "open first line, controlled second line," crude oil import customs clearance time has been shortened by over 30%, and logistics costs reduced by approximately 20%.  

Bonded Warehousing Advantages: Launched a crude oil bonded warehousing project, utilizing Hainan Free Trade Port tariff reduction policies to achieve "bonded storage, flexible distribution" of crude oil and further optimize supply chain costs.  

II. Business Models and Innovations  

Full-Chain Service System  

International Procurement: Combined independent procurement with agency procurement to cover medium and heavy crude oil varieties, meeting the needs of different refining and chemical enterprises.  

Transportation Network: Collaborated with shipping companies such as COSCO Shipping and China Merchants Steamship to build a transportation system of "large tankers + feeder distribution" to ensure efficient resource flow.  

Domestic Distribution: Distributed crude oil to domestic refining and chemical enterprises through a "direct sales + wholesale" model, forming a stable customer base.  

Digitalization and Intelligence  

Supply Chain Management System: The independently developed intelligent energy supply chain monitoring system achieves full-process visual management of procurement, warehousing, and transportation, improving operational efficiency by 40%.  

Price Risk Management: Utilized the Hainan International Energy Trading Center platform to carry out crude oil futures hedging operations, effectively hedging market price volatility risks.  

III. Strategic Upgrades and Future Plans  

Deepened Internationalization  

Resource Development Cooperation: Planned to jointly develop African crude oil blocks with TotalEnergies, exploring a "resource + technology" cooperation model to enhance upstream resource control.  

Cross-Border Settlement Innovation: Relying on the Hainan Free Trade Port "negative list for cross-border service trade," piloted cross-border RMB settlement for crude oil to reduce exchange rate risks.  

Green Transformation  

Low-Sulfur Crude Oil Layout: Responded to the International Maritime Organization (IMO) 2020 sulfur restrictions by increasing the proportion of low-sulfur crude oil imports to assist domestic refining and chemical enterprises in green production.  

IV. Industry Influence and Social Responsibility  

Regional Market Position  

Held a 15% market share in China in 2024, becoming a core supplier to Sinochem Petroleum and other enterprises.  

Energy Security Guarantee  

Provided raw material support for domestic refining and chemical industries through stable crude oil imports, contributing to the national energy security strategy.  

Sustainable Development  

Strictly implemented international environmental standards, promoting energy conservation and emission reduction in crude oil transportation and warehousing to align with the "dual carbon" goals.  

Typical Cases  

In 2023, quickly completed customs clearance for Middle Eastern crude oil imports through Hainan Free Trade Port policies, urgently supplying 100,000 tons of crude oil to a Guangdong refining and chemical enterprise to ensure its production continuity, awarded the title of "Best Supply Chain Partner" by the customer.  

Data Support  

In 2024, the average customs clearance time for crude oil imports was shortened to 4 hours, a 50% improvement over the industry average; after the bonded warehousing project was put into operation, logistics costs were reduced by over 30%.  

Future Goals  

Aim to exceed 8 million tons of crude oil trade volume by 2025, build a benchmark crude oil trade hub in the Asia-Pacific region, and deepen technological cooperation with international energy giants to promote the extension of the crude oil industry chain to high-value-added links.