Heilongjiang United Oil & Chemicals Co., Ltd. (“HUOC”) was established in 1998, with an initial registered capital of CNY 100 Million. HUOC is a licenced non-state company to import crude oil as well as to participate in state-run programme for imports of fuel oil. It has a specialized licence for border trade with Russia for refined oil products, fertilizer, iron ore, rubber etc. HUOC is awarded top classification “A” in implementation of projects under Foreign Aid programme and “A” class by China Customs. HUOC is an Executive Committee Member of China Chamber of Commerce for Importers and Exporters of Metals, Minerals and Chemicals, and Chairman of Crude Oil Branch Sub-Branch.
 
Before joining the WTO, due to its strategic location and understanding of the cultures of the two countries, HUOC focused on border trade between China and Russia. Trades include commodities such as crude oil, refined oil product, fertilizer, plastic and raw chemical materials etc. After China’s admission into WTO, HUOC was amongst the first non-state licenced crude oil trading enterprises to obtain import quota of 500,000 MTS crude oil from Ministry of Commerce. In June 2004, HUOC successfully obtained a general trade licence for state owned companies to import fuel oil. In October, it was granted a licence for non-state company to import crude oil. In January 2011, HUOC obtained a border trade licence to import iron ore. By 2012, HUOC imported 5.4 million MTS crude oil and fuel oil. Total import volume was exceeded USD4.6 billion, ranked as No.48 amongst top 500 imports & exports companies in China, and continue as No.1 enterprise in Heilongjiang Province for imports and exports enterprise for the past years.
 
Besides oil products, HUOC also engages in importing of bulk raw materials such as coal, fertilizer, iron ore etc. From a small border trade company, HUOC has gradually developed into a large foreign trade company. HUOC has established trade relations with international well-known commodity suppliers, whom involved in the Middle East, North Africa, South America, Southeast Asia, Korea and Japan, Russia and East European countries. HUOC has established the cooperation relations with dozens of Chinese and foreign banks. Depending on diversified financing channels and products, who has offered solid financial security for our development.