March 25, 2025 [Storage Terminals Magazine]- Vici Energy, an integrated energy company, has announced the opening of its new Renovo Energy trading desk in Qingdao, further strengthening its decade-long presence in China and expanding its capacity to meet growing energy demands across Asia.

Strategically located in one of China’s key energy hubs, the Qingdao office will focus on the marketing and trading of crude oil, liquefied natural gas, and refined petroleum products. The new office enhances Vici Energy’s ability to respond to market dynamics and fosters closer collaboration with leading refineries in Shandong and Hebei provinces, ensuring a stable and efficient supply of crude oil and energy products.

Strengthening Market Presence and Future Growth
The Qingdao office serves as a strategic hub for Vici Energy, positioning the company to explore new business opportunities within Asia’s evolving energy landscape, including renewable energy and emerging sectors. This expansion aligns with the company’s vision of delivering reliable and sustainable energy solutions across the region.

The inauguration event was attended by government officials from Qingdao and Zibo, along with local industry leaders and business partners. The opening of the Qingdao office reflects Vici Energy’s ongoing commitment to China’s energy market, while also supporting the Belt and Road Initiative’s broader objectives of regional connectivity and economic integration.

With this latest expansion, Vici Energy reinforces its role as a key player in Asia’s energy sector, dedicated to providing efficient, innovative, and sustainable energy solutions to meet the region’s growing demand.

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