Singapore-China's Sinopec is making a strategic push into some overseas markets by shipping oil products in larger vessels, helping the state-run refiner save on freight, compete with other regions and attract buyers in far-off destinations. Analysts and sources said with production rising at a faster rate than domestic demand, the search is on for new buyers. "Chinese companies are looking for outlets farther afield as there are limited outlets in the Asia Pacific region to absorb the surge in volumes," said Lim Jit Yang, director for Asia at Platts Analytics.
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