China National Petroleum Corporation (CNPC)
[ Description | Contact | Links ]
China’s petroleum industry is going through a major restructuring. As part of that process, China reorganized most state-owned oil and gas assets in 1998 into two vertically integrated firms, the China National Petroleum Corporation (CNPC) and the China Petrochemical Corporation (Sinopec). Originally, CNPC had been involved mainly in upstream production and exploration activities, while Sinopec was involved mainly in downstream refining and distribution. The reorganization carried out in 1998 provided for a transfer of assets between the two, transforming them into vertically integrated regional entities, with CNPC in the north and west and Sinopec in the south. Sinopec transferred four northern refineries to CNPC, and CNPC transferred eight southern oil fields to Sinopec. CNPC still has a disproportionate share of oil production capacity, with 2.20 million bbl/d, compared to Sinopec’s 0.75 million bbl/d. Refining capacity remains tilted toward Sinopec, with CNPC at 2.05 million bbl/d and Sinopec at 2.45 million bbl/d.
CNPC in 1999 formed a holding company, PetroChina, including most of its assets for the purpose of offering shares on the international market. In April 2000, the company made an initial public offering (IPO) on the New York and Hong Kong stock exchanges. (Above information from http://www.eia.doe.gov/emeu/cabs/apec/private&restruc.html )
In 2002, the Lunnan Oil Field in Xinjiang Uygur Autonomous Region was chosen as a Cleaner Production Demonstration site for the crude oil extraction sector by the China-Canada Cooperation Project in Cleaner Production. The CNCP will be managing this project.
Project Management for Lunnan Oilfield Petroleum Demonstration Site:
China
National Petroleum Corp., Quality Safety and Environment Protection Dept.,
Environment and Health Division
Address
-- Liupukang, Beijing 100724,
P. R. China
Phone –
86 (10) 62095961
Fax – 86 (10) 62094968
Contact – Zhou Aiguo, Senior Engineer, Vice Director
Email –
agzhou@email.hq.cnpc.com.cn
China National Petroleum Corporation -- www.cnpc.com.cn/ (Chinese only)
China National PetroChemical Corporation (Sinopec)
Lunnan (Lun Nan) Oilfield Project
Petrochemical and Petroleum Sector
©NDRC 2000-2006