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Encyclopedia > China National Petroleum Corporation


The China National Petroleum Corporation is a state-owned fuel-producing corporation in China. It is China's largest integrated oil and gas company. For the workstation, see SGI Fuel. ...


CNPC holds proved reserves of 3.7 billion barrels of oil equivalent. CNPC spun off most of its domestic assets into a separate company, PetroChina, during a restructuring. CNPC has 30 international exploration and production projects with operations in Azerbaijan, Canada, Indonesia, Myanmar, Oman, Peru, Sudan, Thailand, Turkmenistan, and Venezuela.


In October 2004, CNPC began construction of a pipeline from Middle East to Xinjiang. Xinjiang (Chinese: æ–°ç–†; pinyin: ; Wade-Giles: Hsin1-chiang1; Postal Pinyin: Sinkiang; literal meaning: New Frontier; Uyghur: (Shinjang)), full name Xinjiang Uyghur Autonomous Region, is an autonomous region of the Peoples Republic of China (PRC). ...


In August 2005 it was announced that CNPC agreed to buy PetroKazakhstan for US$4.18 billion. This would be the largest overseas acquisition by a Chinese company. PetroKazakhstan is a Canadian oil company, based in Calgary, that has much of its business focused on Kazakhstan where it has some 550 million barrels of reserves in the Turgai basin region. ...


References

CNPC Company Profile at Yahoo Finance CNPC official website



 
 

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