¡¡¡¡As the central procurement department of SINOPEC , Sinopec Procurement Division ( Sinopec Int' l ) undertakes the strategic procurements of large-volume and/or key items , such as OCTG , line pipe , coal , compressors , reactors , PX , etc .

Strategic Partnership

¡¡¡¡Sinopec has entered into strategic partnerships with leading companies ,such as Baosteel , Ansteel , Wuhan lron & Steel Corp . ( WISCO ) , China First Heavy Industries ( CFHI ) . China Second Heavy Industries ( CSHI ) , Shenyang Blowers ( SBW ) , Shen Hua Group , Xuzhou Mining , Huainan Mining , and Sabic etc .

Close Cooperation

¡¡¡¡Strategic partners provide Sinopec with stable and prioritiZed resources , reasonable pricing , reliable quality and in-time service . In return , Sinopec gives strategic partners priority in contract awarding . Both parties follow the transaction model of annual agreement , quarterly  Contract and monthly settlement with ever-optimizing transaction processes and ever-decreasing transaction cost .

Information Sharing

¡¡¡¡Sinopec provides demand information to strategic partners , while partners update their resource and production information to Sinopec , resulting in more proactive production and procurement plans .

Joint Development of New Products

¡¡¡¡Sinopec and its strategic partners have jointly developed a series of equipments and materials , such as hydro-cracking reactors , large-scaled compressors , alloy pipes , etc . , reducing cost tremendously and promoting the competitive advantages of both sides .