Xiamen, China – December 20, 2019: The delegates of Abu Dhabi National Oil Company (ADNOC) visited Xiamen Sinolook oil company and looking forward to deep cooperation by exclusive way in china market.

In recent years, the sales volume of many automobile markets in the world has declined one after another. China's automobile industry is also facing the same pressure, and the sales growth slows down. On the one hand, the preferential tax policies of the government have been cancelled since 2018 and on the other hand, macroeconomic growth, CHINA- USA trade war, and consumer confidence decrease. Even if sales decline, China's car sales are still the biggest in the word. At present, China's automobile industry is still in the popularization period. The world bank has public the data of car ownership per thousand people in 20 major countries in 2019, including 173 cars per 1000 people in China, ranking 17th in the world, which still has a large growth potential.

      The delegates are  Fatima Al Mutawa ADNOC’s Senior Vice President, Market Research & Production Planning, Ahmed Al Hamed  ADNOC’s Vice President, Base Oil & Special Products Sales in Base Oil & Special Products Sales Division and  Muhra Mohammed Al Suwaidi ADNOC’s Executive, Sales in Base Oil & Special Products Sales Division.