PetroChina International is the “Trading Arm” of PetroChina Company Ltd, and is one of the world’s largest global commodity trading companies. PetroChina International is actively exploring international markets, developing value added trades, extending the value chain, innovating in trade models, and continuously enhancing trade methods. The Company’s trading activities are now covering more than 100 kinds of products and through merger, acquisition, investment and equity participation, several business centres have been formed and integrated with storage facilities, refining capabilities, oil tanks and terminals as well as transportation capabilities in global main oil producing areas. All these investments provide strong support for the steady development of the Company’s international businesses. PetroChina International was founded in 2002 based in Beijing and has setup subsidiaries and offices in 20+ countries, including three major Oil and Gas Trading and Operation Hubs in Houston, London and Singapore. Its sales revenue is over 100 billion dollars in recent years. In 2009, Singapore Petroleum Company (SPC) was proud to join PetroChina International (Singapore). As the fully owned subsidiary, SPC today taps on a wider range of resources and benefits from a substantially stronger financial position.