Sinopec Opens First Australian Petrol Station
Chinese state-owned oil company Sinopec has opened its first petrol station in Australia, located in Frankston, a suburb in outer eastern Melbourne.
The company stated that this opening is part of an investment push into renewable energy and energy retailing within Australia. Sinopec is the world’s second-largest oil refiner.
- Notable investment: 25 per cent stake in Origin Energy’s Australia Pacific LNG venture in Queensland.
- Other products: lubricants and other products to the mining, construction, agriculture and automotive sectors.
To celebrate the opening, Sinopec offered an opening day promotion of 98.9¢ per litre for unleaded petrol and premium diesel.
Author's summary: Sinopec opens first Australian petrol station in Melbourne suburb.
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