Sinochem International Oil (London) Co., Ltd. (Sinochem London), established in October 1990, was located in London-one of the largest international oil trading markets in the world. As one of the key international trading platforms for Sinochem Group, the company mainly focuses on crude oil physical trading and futures hedging. With total trading volume in 2010 reached 25 million metric tons, Sinochem London is an important purchasing arm of crude oil for various Chinese domestic refineries and Sinochem's own refineries, together with a broad presence for oil trading business in European, Latin American and American markets. Sinochem London has already established the long-term and good relationship with more than twenty firstclass banks all over the world, guaranteeing the smooth operation of business activities.