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About CNPCChina National Petroleum Corporation

China National Petroleum Corporation (CNPC) is the largest oil and gas company in China, as measured by production, sales and number of employees. Formerly a government department, CNPC specializes in a wide variety of sectors, including oil and gas upstream and downstream operations, oilfield services and petroleum materials manufacturing and supply. It is the government owned parent of publically traded PetroChina, which surpassed Exxon Mobil of the U.S. to become the world’s most valuable company with market value of US$336 billion in May 2009.

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  • Parents&Subsidiaries

    Major Subsidiaries:

    Company Name:Karamay City Commercial Bank


    Description: Commercial Bank in Xinjiang Uygur Autonomous Region

    CNPC's Interest:92%

    Company Name:Petro China

    Date:joint stock company in 1999, acquired 86% of shares by 2007

    Description: oil distributor

    CNPC's Interest:86%

    Other major wholly owned subsidiaries:

    Jilin Petroleum (Group) Co., Ltd.

    China Petroleum Engineering and Construction (Group) Corp.

    China Petroleum Technology Development Corp.

    Great Wall Drilling Co.

    China National Logging Corp.

    China Petroleum First Construction Co.

    China Petroleum Sixth Construction Co.

    China Petroleum Seventh Construction Co.

    China Oil and Gas Eastern Survey and Design Research Institute


      CNPC signed an oil deal with Iraq to work on the Ahdab field in August 2008

      CNPC plans to invest over US$ 350 million in Verenex Energy Inc., a Canadian oil and gas company, in 2009.

      The oil company made a deal with the Guangxi provincial government to begin building an oil refinery....>>

    Key People
    Jiang Jiemin served as president since December 2006 Jiang has worked for more than 30 years in China's oil industry before he joined CNPC. In 1994, he served as senior executive of the Qinghai Petroleum Administration Bureau and director of the Qinghai Petroleum Administration Bureau, and in 1999, he was appointed assistant president and team leader for the Restructuring and Listing Preparatory Team of CNPC and director and vice president of PetroChina Co. Ltd. He served as deputy governor of Qinghai Province and as a member of the provincial party committee of Qinghai Province in 2000.
    Official Web Site
  • http://www.cnpc.com.cn/en/default.htm

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