Sinopec Vice Chairman Zhao Dong responded to questions from Sina Finance: The company's oil tankers have diverted from the Strait of Hormuz, and there is no risk to second quarter crude oil supply.

Zhao Dong, the vice chairman of Sinopec, answered relevant questions from Sina Finance during the company's 2025 annual performance meeting, stating that domestic refined oil prices follow the NDRC's "Petroleum Price Management Measures", with evaluations and adjustments made every 10 working days. The meeting day at 24:00 is a regular price adjustment point. This temporary control strictly follows the refined oil price calculation formula and also takes into consideration the public's consumption affordability, making it a reasonable and moderate adjustment. Sinopec strictly adheres to national policies, implementing national strategic reserves and corporate social responsibility reserves. Zhao Dong also stated that the domestic refined oil price formation mechanism is not fixed and the company is actively applying for policy support from relevant national departments, focusing on utilizing social responsibility reserves. The relevant national departments are continuously monitoring crude oil, refined oil inventories, and the national market supply situation, and will dynamically introduce policies to support enterprise production and social energy security. Zhao Dong added that since the interruption of navigation in the Strait of Hormuz, some crude oil resources in the Gulf cannot be exported externally, causing a certain impact on the company's crude oil supply. The company has urgently purchased crude oil exported from Saudi Arabia through the Port of Aden, while also actively expanding non-Middle Eastern sources of crude oil. Currently, there are no issues with ensuring crude oil supply in the second quarter.