China National Petroleum Corporation

PetroChina Company Limited is a Chinese oil and gas company and is the listed arm of state-owned China National Petroleum Corporation, headquartered in Dongcheng District, Beijing. It is China's second biggest oil producer.

 

PetroChina was established as a joint stock company with limited liabilities under the Company Law of the People's Republic of China (the PRC) on November 5, 1999, as part of the restructuring of CNPC. In the restructuring, CNPC injected into PetroChina most of the assets and liabilities of CNPC relating to its exploration and production, refining and marketing, chemicals and natural gas businesses. Its headquarters are in Dongcheng District, Beijing. CNPC was ranked the third in 2016 Fortune Global 500.

PetroChina's Dushanzi District refinery became fully operational on September 24, 2009. The refinery is China's largest refinery with annual capacity of 10 million tons of oil and 1 million tons of ethylene. The refinery is an integral part of China's ambitions to import oil from Kazakhstan.

PetroChina, on October 24, 2008 issued a series of medium-term corporate bonds worth 80 billion yuan ($11.7 billion), which was the biggest ever domestic issue by a listed company. China signed a deal in 2016 with the Nepal Oil Corporation to sell 30% of the total Nepalese petroleum consumption. China plans to build a pipeline to Nepal's Panchkhal along with a storage depot.



Facts: China National Petroleum Corporation is the fourth-largest company of China by revenue ($262,573 million USD).


Did you know: CNPC produced 113 million tons of crude oil and 88.8 billion cubic meters of natural gas in 2013, 54% and 75% of China's total respectively. It's crude runs in 2013 were 146 million tons, 30.5% of China's total. It is engaged in oil and gas operations in 37 countries around the world.

 

China National Petroleum was ranked #4 on the 2017 Fortune 500 list.

 

 

 

 

  • Year founded: 1988
  • Funding Info: Unknown
  • Yearly Revenue: $262,573M (2017)
  • Employee Size: 10000+
  • Business Valuation: Mkt cap: 1.36T (CNY) as of July 15, 2018
  • City/Town: Beijing
  • State: Beijing
  • Country: China
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