 Heilongjiang United Oil & Chemicals Ltd (hereinafter referred to as “HUOC”) has the import franchise for Non-State Trading of general commercial crude oil and the import franchise for State Trading of fuel oil, which are conferred by the Ministry of Commerce. Meanwhile, HUOC also has the import franchises for the frontier trade of product oil, chemical fertilizers, iron ores, steel products, rubbers, and so forth. HUOC is qualified as Level-A Enterprise in Foreign Aid Materials Program, Level-A Enterprise in Customs, Standing Director of CCCMC and Standing Director General of the Petroleum Branch of CCCMC. The company’s registered capital approximated 100 million CNY.
Before China’s admission to the WTO, HUOC had relied on the unique geographic advantages as well as cultural advantages bestowed by Heilongjiang Province and Russia, so as to focus on its frontier trade towards Russia. Its imports include crude oil, product oil, chemical fertilizers, plastics, rubbers, industrial chemicals, etc. After China’s admission to the WTO, HUOC was granted the first batch of 500,000 tons import quota for Non-State Trading of commercial crude oil by the Ministry of Commerce in the same year. Later, in June 2004, the company was granted an import franchise for State Trading of fuel oil by the Ministry of Commerce. In August of the same year, HUOC was granted an import franchise for Non-State Trading of crude oil by the Ministry of Commerce, and in January 2011 the company was granted an importer qualification for frontier import trade of iron ores by the Ministry of Commerce. In 2011, the company’s import volume approximated 5.1 million tons, import and export gross approximated 3.579 billion USD, trade turnover ranked 74th among the Top-500 Importers/Exporters in China, and hence the company has secured its position among the Top-10 Importers/Exporters in Heilongjiang for several years running.
HUOC has gradually transformed itself from a frontier trade company specializing in the import of general chemicals into a sizeable foreign trade company whose business line covers bulk sales of energy resources and raw materials such as petroleum, coal, iron ores, chemical fertilizers, and so on. HUOC has established and maintained trade relations with numerous bulk suppliers with international reputations, and trade countries include the Middle East, North Africa, South America, Southeast Asia, Japan, Korea, Russia, and countries in Eastern Europe. Through its years of operation, HUOC has established diversified financing channels and cooperative relationships with dozens of domestic and overseas banks, thus providing corporate development with solid financial assurance. |
Product Categories