Thailand's oil is aggressively advancing into the mainland oil market

Thai Petroleum announced on January 13 that it will form a strategic partnership with Dongguan Tongzhou Chemical Co., Ltd. and will use Guangdong as its base to export 2 million litres of lubricants to China in the first year. 5 million liters.

Against the backdrop of a decline in the global lubricants market, the Chinese market has grown. According to the “Global Lubricants Industry Overview 2009” published by the famous American consulting company Kline, the global lubricant industry entered a period of large negative growth in 2009. In stark contrast to this, the Chinese lubricants market will grow at an annual rate of 3.5% over the next five years, becoming the fastest growing market in the world. It is expected that by 2020, China's lubricant consumption will exceed the United States, and China will become the world's largest lubricant market.

The rapid development of China's lubricants market has become an arena for foreign oil companies to compete. Multinational oil giants such as BP and Mobil have long been deployed in China for many years, and in recent years they have accelerated the pace of occupation of the market. Just prior to the announcement by Thai Petroleum (PTT) that it would export 2 million litres of lubricants to China each year, Shell had just opened Asia's largest lubricant blending plant in Zhuhai.

It is reported that Thai oil sales in Thailand ranked first, with a market share of 36.33%.