Fujian Petroleum: Cost Reduction Drives New Progress in Urea Sales Business

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Fujian Petroleum: Achieves new breakthroughs in urea sales by cutting costs Author/Source: Sinopec News Network Date: 2022-05-27 Clicks: 14 Since the beginning of this year, Fujian Petroleum has kept pace with market trends, taken proactive actions to establish its presence in various markets, made full use of local advantages and resources, and worked diligently to reduce costs while expanding its market share and improving efficiency. From January to April, Fujian Petroleum signed supply contracts with 13 companies in succession, selling 9,000 tons of urea granules and achieving a successful start for its urea sales business. To win the \"offensive battle\" for market expansion, Fujian Petroleum makes full use of its local advantages, carefully calculates delivery prices, and optimizes the distribution of liquid products using barrels and tank trucks, thereby reducing logistics costs by over 50%. This significant price advantage enables it to stand out in the fierce market competition. In April, significant progress was made in the fertilizer urea market in Fujian, with the company’s sales of automotive products increasing by 84% on a year-on-year basis. Next, Fujian Petroleum will make full use of its regional advantages such as a long coastline and a developed fishing industry. It will focus on the marine urea market, accelerate its efforts to establish a presence there and expand its business scope, in order to speed up its transformation into a comprehensive energy service provider offering oil, gas, hydrogen, electricity, and related services.