National Bureau of Statistics data show that 1-9 months of 2010 oil production reached 6.3 million tons in China, once again set a record. Domestic car oil demand growth and gentrification trends will drive the car oil car oil industry into rapid development, oil demand in the vehicle increased year by year, while oil grades will be leaps and bounds.

    The rapid development of China's lubricants market, the foreign oil companies has become crowded arena, almost all multinational oil giants are to occupy the ranks of China's lubricants market. To further enhance the visibility of PETRONAS, expand market share, speed up the extension of the Chinese market, PLI international oil company Petronas in late 2010 acquired the St. horsepower Lubricant Co., Ltd. Shandong, set up Petronas lubricants (Shandong) Co., Ltd.. This is the first horse oil M & A projects in China, but also the first foreign acquisition of petrochemical enterprises in Shandong. This will PETRONAS oil production, raw material procurement huge synergies; the same time, horse oil development cooperation OEM customers with a foundation for cracks at the Chinese oil market, Petronas sounded the horn!

    Petronas is Malaysia's largest state-owned companies, Fortune 500 companies, the world's 8th largest oil company, the annual output value of 36.1 billion U.S. dollars, accounting for Malaysia GDP30%. International oil company Petronas is Malaysia's national oil company (PETRONAS) wholly-owned subsidiary. Oil companies in the world top 15. Business in more than 20 countries, producing more than 30 brands and series of oil products sold in China's major high-end brands include gas oil - Xin Teng (Syntium), diesel oil - excellent security force (URANIA) and motorized car oil - Xin Teng Moto (SyntiumMoto) and so on.

    Petronas lubricants (Shandong) Co., Ltd. is the formation of Petronas to develop an important step in China's lubricants market, I believe that with the production base, will enable the continuous introduction of superior resources and production, research and development, sales and procurement system of continuous improvement to gain greater development in the Chinese market.