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$336 billion in May 2009.
Company Name:Karamay City Commercial Bank
Description: Commercial Bank in Xinjiang Uygur Autonomous Region
Company Name:Petro China
Date:joint stock company in 1999, acquired 86% of shares by 2007
Description: oil distributor
Other major wholly owned subsidiaries:
Jilin Petroleum (Group) Co., Ltd.
China Petroleum Engineering and Construction (Group) Corp.
China Petroleum Technology Development Corp.
Great Wall Drilling Co.
China National Logging Corp.
China Petroleum First Construction Co.
China Petroleum Sixth Construction Co.
China Petroleum Seventh Construction Co.
China Oil and Gas Eastern Survey and Design Research Institute
CNPC signed an oil deal with Iraq to work on the Ahdab field in August 2008
CNPC plans to invest over US$ 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....>>