Chinese oil giant, Sinopec, has officially launched in Kenya. With its entry, stiff competition is will arise between the company and existing players such as Total and Vivo Energy.
The African Automotive Lubricants market is seeing increasing demand as vehicle purchases across the region continues to increase. Though the regional market only makes up 6% of the global market, it is forecast to grow rapidly over the forecast period to 2029.Sinopec’s Deputy General Manager of Safety Production and Quality Control, Wang Zhi Guo
Sinopec is a Chinese oil and gas enterprise based in Beijing, China. It is listed in Hong Kong and also trades in Shanghai and New York. Sinopec also produces several biofuels such as biodiesel and green jet fuel, from waste vegetable oil. It also produces ethanol.
Sinopec’s business includes oil and gas exploration, refining, and marketing. It also engages in storage and pipeline transportation of crude oil and natural gas; import, and export of crude oil, natural gas, refined oil products, petrochemicals, and other chemicals.