Interfax-China reported that China Petrochemical Corp, the country second largest oil company, continued to dominate the domestic oil products market last year, selling 151 million tons of gasoline, diesel and kerosene.

Beijing based oil industry expert Mr Han Qiang told Interfax that Sinopec Group which accounted for about 60% of China's aggregate oil products sales last year, continues to go unchallenged on the domestic oil products sales market.

According to National Development and Reform Commission statistics released last December, China's total oil products sales over the first 11 months of 2011 grew 5%YoY to 222.15 million tons.

He said that unlike fellow state-owned energy giant China National Petroleum Corp which relies on upstream oil and gas production, Sinopec Group advantage lies in it's downstream oil refining and distribution.

The company said as of the end of 2011, Sinopec Group operated more than 30,000 gas stations throughout China, in addition to 8,600 kilometers of oil products pipeline, adding that its fueling stations sold more than 100 million tons of oil products for the first time last year.

(Sourced from Interfax-China)