China International United Petroleum & Chemicals Co., Ltd. (UNIPEC) is a wholly-owned subsidiary of Sinopec Group. As one of the world’s largest crude oil traders, UNIPEC handles nearly half of China’s crude oil imports. Faced with the complexities of the international energy market, UNIPEC required a comprehensive and efficient trading management system.
Lack of a unified management platform for global operations
Data inconsistencies across multiple systems affecting decision-making efficiency
Inefficient complex cross-border trading and settlement processes
Insufficient real-time risk management capabilities, increasing market risk
Difficulty in meeting evolving international regulatory requirements
UNIPEC implemented the Fusion system as its global trading management platform. The implementation process included
Deploying a comprehensive business management system covering front, middle, and back office operations
Consolidating all trading data into Fusion's central database
Implementing real-time risk management and mark-to-market P&L calculations
Configuring automated cross-border settlement processes
Setting up reporting templates compliant with international regulatory requirements
Achieved unified management of global business data, eliminating data silos ; Business process efficiency improved by 40%-60%
Achieved real-time risk exposure calculations, reducing risk identification time from hours to minutes ; Significantly reduced market risk-related losses
Significantly shortened settlement cycles and greatly reduced human errors ; Improved business response speed, enhancing market competitiveness
Drastically reduced regulatory report generation time ; Effectively addressed complex compliance requirements in international markets
Significantly reduced IT maintenance costs ; Substantially decreased operational costs through process optimization and automation
PetroChina International Co., Ltd. (PetroChina International) is a wholly-owned subsidiary of China National Petroleum Corporation (CNPC) and a major player in global crude oil and derivative product trading. Facing an increasingly complex international energy market, PetroChina International needed robust data analysis capabilities to support decision-making.
Data scattered across multiple systems, difficult to integrate and analyze
Lack of real-time market insights affecting trading decisions
Inability to effectively predict market trends and risks
Time-consuming report generation, hindering timely decision-making
Heavy reliance on the IT department for data analysis, limiting business units' ability to conduct in-depth analysis independently
PetroChina International deployed the X-Ray system as its core data analysis platform. The implementation process included
Integrating multi-source data to establish a unified data lake
Developing custom analytical models and real-time dashboards
Implementing market prediction and risk alert mechanisms
Configuring automated report generation processes
Providing data analysis training for business users
Successfully integrated major internal data sources and key external data ; Significantly reduced data retrieval time from days to minutes
Established real-time market analysis dashboards covering major traded commodities ; Significantly improved trading decision speed, enhancing profitability
Developed multiple key predictive models, improving forecast accuracy ; Effectively predicted major market fluctuations in advance, significantly reducing risk exposure
Automated generation of most routine reports, saving substantial manpower ; Management can access up-to-date analysis reports anytime, improving decision-making efficiency
Most business analysis needs can now be fulfilled independently by business units ; Significant increase in data-driven innovative ideas, driving business growth
PetroChina International’s senior management commented: “The X-Ray system has revolutionized the way we leverage data. It not only enables us to grasp market trends faster and more accurately but also opens up new avenues for data-driven innovation. In the rapidly changing international energy market, X-Ray has become an indispensable decision support tool for us.”
By deploying the X-Ray system, PetroChina International successfully transformed its vast data into actionable business insights. The system’s powerful analytical capabilities, flexible customization options, and intuitive user interface have enabled PetroChina International to maintain a competitive edge in the complex global crude oil trading market. The X-Ray system has not only improved operational efficiency but also provided strong support for the company’s strategic decision-making and innovation, becoming a key driver in PetroChina International’s digital transformation.
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