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China Petroleum Engineering and Construction Corporation

China National Petroleum Corporation is a Chinese state-owned oil and gas corporation and the largest integrated energy company in China. Its headquarters are in Dongcheng District, Beijing.CNPC is the parent of PetroChina, the fourth largest company in the world in terms of revenue as of July 2014.Corporate structureCNPC is the government-owned parent company of publicly listed PetroChina, which was created 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 hydrocarbon exploration and production, refining and marketing, chemicals and natural gas businesses. CNPC and PetroChina develop overseas assets through a joint venture, CNPC Exploration & Development Company (CNODC), which is 50% owned by PetroChina.In March 2014, CNPC chairman Zhou Jiping announced that CNPC would be opening six business units to private investors.
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China Petroleum Engineering and Construction Corporation

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Category: Organization
Found: 15.10.2015

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