In the morning of Nov. 23, the delegation of the GM Mr. Chen Bijun and the deputy GM Xue Hongfei of Jiangsu Fuels Co., Ltd. visited FREP. FREP Chairman and President Mr. Gu Yuefeng and VP Nouraddin A. Yousuf had a meeting with the guests.

Jiangsu Fuels Co., Ltd. is the state owned major category I enterprise specializing on operating coal and fuel oil, product oil and metal materials while operating on warehousing and transportation and imports/exports trading. Since 1990, this company had been one of the top 100 China supply and circulation players consecutively; among the national fuel circulation operators, this company’s comprehensive economic performance had been one of top three for many years. 

The GM Mr. Chen Bijun thanked FREP for our support for Jiangsu Fuels Co., Ltd. in many years. He briefed on the development of Jiangsu Fuels Co., and highlighted on their growth in fuel oil and product oil supply and trade volume, in particular the development on onshore paraffin oil market, and was looking forward for deep discussion and partnership with FREP.

President Gu Yuefeng welcomed the visit by executives of Jiangsu Fuels Co. and shared with the guests on the development of FREP in recent years and analyzed and interpreted the potential partnership market for the two, and stated both parties will explore for more business cooperation provided compliance with national regulatory and corporate profitability growth target and environmental protection specification. He said both parties will develop the potential partnership markets by supplementary strength and boosting understanding via discussion to achieve win-win.

These who attended the meeting were the manager Lu Weihong and deputy manager Wang Guoqing of Jiangsu Fuels Co., Ltd., the GM Saleh Al Zaid and vice manager Li Cungong of Supply & Distribution Dept. of FREP. (Xiao Wanyuan)