Chongqing Cntimes Petroleum Group

Chongqing Cntimes Petroleum Group specializes in providing comprehensive services within the petroleum sector, ensuring efficient management and distribution of oil and gas resources in China and beyond. Founded in 2002 and headquartered in Chongqing, China, Chongqing Cntimes Petroleum Group operates primarily in the petroleum industry, focusing on the procurement and distribution of oil and gas resources. The company has engaged in two funding rounds, with the latest round raising USD 5. 00 mn from iD TechVentures.

There is no mention of any subsidiaries or significant pivots in business strategy. The core offering of Chongqing Cntimes Petroleum Group revolves around petroleum distribution and related services, ensuring efficient supply chain management and resource allocation in the oil and gas sector. The company engages in strategic partnerships and leverages market experience to enhance its operational capabilities and service delivery. Its clientele includes various industries requiring reliable petroleum supplies, contributing to its presence in both domestic and international markets.

Chongqing Cntimes Petroleum Group generates revenue through the sale and distribution of petroleum products. The pricing is structured based on market rates and demand, with strategic agreements in place to ensure competitive pricing for clients. Revenue is bolstered by a robust client portfolio and consistent demand for oil and gas resources across multiple regions, facilitating stable financial performance. Chongqing Cntimes Petroleum Group is focused on expanding its operations into new regional markets, particularly targeting increased presence in Southeast Asia by the end of 2024.

Recent funding of USD 5. 00 mn is allocated to enhance logistics capabilities and improve supply chain efficiency. The company aims to introduce new service offerings centered around digital solutions for petroleum management, with an anticipated rollout in mid-2025.