On May 31, ZhenHua Oil successfully completed its first Platts Window trade, and entered the top-tier global crude oil trading platform. This marks a significant step towards upgrading and transforming the company's crude oil trading business and participating in the pricing of Middle East crude oil. Simultaneously, this transaction has successfully opened a new sales channel for the company's UAE long-term contract  resources and laid the groundwork for the upcoming spot procurement for the Huajin mega-project.

Platts is a leading global price assessment organization. Its price benchmark assessment, initiated in 1984, has undergone years of development and is widely applied in long-term contract pricing for crude oil markets in Asia and the Middle East. Platts serves as the leading value assessment center for medium-sour crude oils, providing a crucial reference for global participants to understand the relative values of sweet (Brent) and sour (Dubai) crudes. It plays an increasingly important role in the global crude oil refining system. The Platts spot trading window is also the most influential spot trading platform in Asia that brings together key industry participants such as national oil companies, top crude oil traders, and major refineries. The primary trades involve five Middle East benchmark crude oils: Dubai, Oman, Upper Zakum, Al-Shaheen, and Murban. The final transaction price agreed upon by the trading parties significantly impacts Platts' Dubai price benchmark assessment and is a crucial consideration for Middle Eastern national oil companies in setting official prices. Over 40 million barrels of crude oil are priced and settled daily based on this benchmark.