CEFC underwent a major change in late 2012.  It has started its new business of fuel oil trading.  The Chairman’s statement in its 2012 annual report gives an idea of what CEFC International plans to do as it evolves its business.

"The Group will also continue to develop the oil trading business in FY2013 by executing its operatingstrategy to build up its list of counterparties and establish a stable and sustainable trading business. In FY2013, the Group will mainly focus on the trading of fuel oil by sourcing internationally from wellestablished trading partners to sell to the China and Southeast Asia market. Due to the general positive outlook of the China economy in 2013, we expect China’s and Southeast Asia’s demand ...