October 24, 2014 6:51 AM 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


Founded in 1955


86 10 6209 4114


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

Rosneft and CNPC Signs Agreement to Increase Strategic Cooperation

Rosneft and CNPC have signed an agreement to deepen strategic cooperation. The companies work together under a long-term agreement between Russia and China to supply Russian oil to China. They are also working on the construction of an oil refinery in Tianjin, China, and discussing partnership in upstream projects and others. In addition to the long-term oil supply agreement, Rosneft and CNPC were collaborating on exports of crude oil, petroleum products and petrochemical products under tenders; the Vostok Energy (East Energy) joint venture to explore and produce hydrocarbons in the Irkutsk region; and the Vostok Petrochemicals (East Petrochemicals) project to build the Tianjin refinery and sell petroleum products in China and on local markets.

China National Petroleum Corporation Begins Operation at Phase II of Halfaya Project in Iraq

China National Petroleum Corporation announced that it has begun delivering crude oil from Phase II of its Halfaya project in Iraq. The second phase project, kicked off in April 2013, consists of a 272km-long transportation pipeline, a 5Mt/a crude processing center, pumping stations, and 43 wells to be drilled and completed. Currently, Halfaya Oilfield is producing at an average daily rate of over 200,000 barrels, with an annual capacity of 10 million tons. The second phase project marks another major achievement made by the consortium consisting of CNPC, Total and Petronas. Preliminary work of the third phase project is being done as planned. Crude output of the whole project is expected to reach 400,000 barrels per day by the end of 2016.

China National Petroleum Corporation and Mongolian Petroleum Authority Sign Memorandum of Understanding to Expand Cooperation in Petroleum Sector

China National Petroleum Corporation and Mongolian Petroleum Authority have signed a memorandum of understanding, to expand cooperation in the petroleum sector. According to the MoU, CNPC will step up its efforts in exploring and developing oil resources in Mongolia, carrying out feasibility study on building crude transportation facilities for the Tamsag project, fulfilling social responsibilities in project execution, cultivating talents for Mongolia's oil industry, and implementing programs that are in favor of the local development, environmental protection and people's living standards. On the other hand, the Mongolian side promises to maintain consistency in petroleum policies and provide full support for the cooperation between the two sides.

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