August 29, 2014 6:48 PM ET

Oil, Gas and Consumable Fuels

Company Overview of China National Petroleum Corporation

Company Overview

China National Petroleum Corporation, an integrated energy company, produces and supplies oil and gas. The company is engaged in the hydrocarbon exploration and production operations in onshore and offshore areas in the People's Republic of China, as well as in Africa, Central Asia-Russia, South America, the Middle East, and the Asia-Pacific. It also owns and operates pipeline networks and storage systems covering 29 provinces, municipalities, and autonomous regions, as well as Hong Kong SAR. The company operates a pipeline network of 72,878 kilometers, including 17,640 kilometers for crude oil, 45,704 kilometers for natural gas, and 9,534 kilometers of pipeline for refined products; and 20,...

9 Dongzhimen North Street

Dongcheng District

Beijing,  100007

China

Founded in 1955

Phone:

86 10 6209 4114

Fax:

86 10 6209 4205

Key Executives for China National Petroleum Corporation

President and Director
Age: 52
Chief Financial Officer
Chief Safety Officer and Vice President
Age: 54
Chief of Discipline & Inspection Group
Age: 57
Vice President
Age: 52
Compensation as of Fiscal Year 2014.

China National Petroleum Corporation Key Developments

Uzbekneftegaz and China National Petroleum Corporation to Set Up a Joint Venture

Uzbekneftegaz and China National Petroleum Corporation (CNPC) will set up a joint venture to build and operate a gas pipeline to China on the Turkmenistan-Uzbekistan-Tajikistan-Kyrgyzstan-China route. The agreement on formation of the JV was signed during Uzbek President Islam Karimov's state visit to China.

CNPC, Uzbekneftegaz sign deal on gas pipeline, chemical plant

China National Petroleum Corp. has signed agreements with Uzbekistan's Uzbekneftegaz on a natural gas pipeline and a gas-based chemical plant in the central Asia country. Under an agreement, the two partners will jointly construct and operate the Uzbek part of line D of the China-central Asia gas pipeline and ensure on-time operation of the project.

PetroChina Reportedly Looking For Partners For Oil And Gas Field Stakes In Xinjiang

PetroChina Co. Ltd. (SEHK:857) plans to sell oil and gas field stakes to local investors in the northwest province of Xinjiang as part of government efforts to bring growth and jobs to the restive region, reported Bloomberg citing company officials. China National Petroleum Corporation (CNPC) is looking for partners with around CNY 10 billion to invest in exploration and production ventures, the people said, asking not to be named as the plan isn’t public. PetroChina owns most of China National Petroleum's oil and gas fields in Xinjiang and will handle the offer of stakes in at least two large untapped oil and gas fields this year, the people said, declining to identify the fields or their size. Qu Guangxue, CNPC’s Beijing-based spokesman, did not answer two calls from Bloomberg to his office seeking comment. The people also said that partners would be limited to companies backed by the Xinjiang government or Xinjiang Production and Construction Corps. The people added that any joint ventures would pay taxes to Xinjiang not the central government. Lin Boqiang, Director of the Energy Economics Research Center at Xiamen University and an Independent Director of PetroChina said, "CNPC is heeding to a national call in Xinjiang." Lin said that setting up joint ventures would help the company diversify its shareholding structure and boost earnings by unleashing untapped reserves. The two people said that CNPC may also allow companies to independently operate its proven oil and gas fields in Xinjiang.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 7, 2013
Kashagan Oil Field
 

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