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The Hong Kong oil and gas market is a mature and well-developed market, with a strong focus on refining and trading. The market is heavily reliant on imports, with China being the main source of crude oil. The Hong Kong government plays a key role in the market, regulating the import and export of oil and gas products, and setting fuel prices.
The Hong Kong government procures a wide range of oil and gas products and services, including crude oil, liquefied natural gas (LNG), refined petroleum products, and oilfield services. The government spends around HK$20 billion on oil and gas procurement each year.
The main oil and gas products and services procured by the Hong Kong government include:
Crude oil
Liquefied natural gas (LNG)
Refined petroleum products, such as gasoline, diesel, and kerosene
Oilfield services, such as exploration, drilling, and production
The top authorities for Hong Kong oil and gas procurement are:
The Government Logistics Department (GLD)
The Electrical and Mechanical Services Department (EMSD)
The Airport Authority Hong Kong (AAHK)
The top winners of Hong Kong oil and gas procurement contracts include:
CNOOC Limited
PetroChina Company Limited
Shell Hong Kong Limited
ExxonMobil Hong Kong Limited
Chevron Hong Kong Limited
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