About
Unipec Singapore Pte Ltd is a wholly-owned subsidiary of China International United Petroleum & Chemicals Co Ltd (UNIPEC), serving as a crucial overseas business center for oil products and LNG trading operations. Established in January 1994 and located at Suntec Tower One, the company functions as the Singapore hub for Sinopec, China's state-owned energy giant and leading international oil trader. Unipec Singapore focuses primarily on oil products and LNG trading, serving as a strategic gateway for UNIPEC's global operations across more than 100 countries and regions. The company has been actively expanding its LNG trading capabilities, recently signing significant agreements including a 1 million tonnes per year LNG purchase deal with Oman LNG for four years starting 2025. Additionally, Unipec Singapore has demonstrated its global reach through transcontinental VLCC shipping operations, including regular diesel shipments from Asia to Europe, Africa, and Latin America since 2017. As part of UNIPEC's international network that includes offices in the USA, UK, India, and Hong Kong, the Singapore subsidiary plays a vital role in China's global energy trading strategy and petroleum product distribution throughout the Asia-Pacific region.