Accompanied by David Serigne, ExxonMobil global strategy & planning manager and Scott J Sullivan, chairman of the board of directors of ExxonMobil China Petroleum & Petrochemical Co., Ltd.,  Ian S. Carr, vice president of ExxonMobil Strategy & Planning paid a visit to FREP on June 22. Gu Yuefeng, chairman of the board of directors and president of FREP and FREP vice president Parut Chatikavanij had a cordial meeting and friendly talks with the delegation of Ian S. Carr.

Firstly, President Gu Yuefeng, on behalf of FREP office of the president, welcome Ian S. Carr’s visit to FREP and introduced to the guests about FREP production operations and future development planning. He remarked that FREP had achieved the optimum benefit in history from January to May of 2016, FREP financial situations are favorable and we don’t worry about the capital flow status any more. In addition, in spite of the difficulties we encountered in the first quarter, significant improvement can be seen in terms of HSE. Thanks to the great support of Sino and foreign shareholders and the concerted efforts of all staffs and employees, safety undergoes visible improvement in the second quarter and has been significantly improved. We have scored obvious achievements in many aspects.

In the light of severe market situations now, President Gu Yuefeng pointed out that competition at the sales market is fierce, especially the oil product market. Some production capacities in China are excessive, but many new projects are still on the way of construction, which will be fierce challenges to FREP. At present, FREP plant operation ratio is not high and the optimal production capacity has not been exerted. He wished that all shareholders, including ExxonMobil China Petroleum & Petrochemical Co., Ltd., can adequately consider and give play to the communication and exchange between production and sales enterprises for win-win cooperation. Besides, he expected that the senior management of all shareholders can consider and plan FREP future development and positioning as soon as possible.

President Gu Yuefeng expressed that FREP office of the president together with the management will pay back all shareholders with the maximum benefit and expected that all shareholders can provide great support and assistance.

Ian S. Carr stated that he was very glad to visit FREP and communicate and exchange ideas with the office of the president and management staffs of the joint venture in a face-to-face manner, he was greatly impressed with the visit of the production units. He remarked that he was highly consistent with and adequately recognized FREP business, concept, objectives and etc. and he appreciated the office of the president led by Gu Yuefeng together with the management for their unremitting efforts and the optimum benefit achieved by the joint venture. In terms of the difficulties encountered by the joint venture now, Ian S. Carr expressed his empathy with the situations and this is also his purpose to visit FREP this time, not only for considerations of current market, but also the forward market. He expected that Sino and foreign shareholders can cooperate with great efforts to operate and develop the joint venture for mutual benefit and win-win result, so that our good cooperation relationship can continue forever.

Ian S. Carr also reviewed FREP performance, business plans and financial situations. Accompanied by FREP vice president Parut Chatikavanij, he visited FREP exhibition hall, the CCR of new plant area and the production unit area with great interest.

Joe Francis, general manager of FREP Finance Department accompanied Ian S. Carr’s meeting and visit. ( Xiao Wanyuan)