Liu Hongbin, vice president and general manager of China Petroleum AG, said the market share of 26 Chinese oil companies increased in the first half of 2010 compared with the same period last year, and the retail ratio increased from 65.8% last year to 67%. According to statistics, the first half of 2010 sales of new investment gas station 345, the new retail capacity of 2.26 million tons, completed 8 oil depot, new storage volume of 759,000 cubic meters. Oil sales of nearly 50 million tons, an increase of 16.8% per cent. In addition, PetroChina in the fuel oil, asphalt, lubricants and non-oil business areas, the quality of development is also significantly improved. Among them fuel oil company profits compared with the same period last year increase 1.24 billion yuan, asphalt sales growth 39% year-on-year, market share occupies the first of domestic industry. Lubricating oil company sales rose 7% year-on-year, high-grade oil ratio reached 69%. Non-oil business steady development, million-dollar shop reached 340.
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