January 26, 2015 12:16 PM ET

Oil, Gas and Consumable Fuels

Company Overview of China National Petroleum Corporation

Company Overview

China National Petroleum Corporation, an integrated energy company, produces and supplies oil and gas. The company is engaged in the hydrocarbon exploration and production operations in onshore and offshore areas in the People's Republic of China, as well as in Africa, Central Asia-Russia, South America, the Middle East, and the Asia-Pacific. It also owns and operates pipeline networks and storage systems covering 29 provinces, municipalities, and autonomous regions, as well as Hong Kong SAR. The company operates a pipeline network of 72,878 kilometers, including 17,640 kilometers for crude oil, 45,704 kilometers for natural gas, and 9,534 kilometers of pipeline for refined products; and 20,...

9 Dongzhimen North Street

Dongcheng District

Beijing,  100007

China

Founded in 1955

Phone:

86 10 6209 4114

Fax:

86 10 6209 4205

Key Executives for China National Petroleum Corporation

President and Director
Age: 52
Chief Financial Officer
Chief Safety Officer and Vice President
Age: 54
Chief of Discipline & Inspection Group
Age: 57
Vice President
Age: 52
Compensation as of Fiscal Year 2014.

China National Petroleum Corporation Key Developments

Gazprom and China National Petroleum Corporation Agree on Outlook for Joint Development of Gas-Fired Power Generation

Gazprom and China National Petroleum Corporation discussed the outlook for joint development of gas-fired power generation.

China National Petroleum Reportedly Seeks To Sell Oil Fields

China National Petroleum Corporation will sell 35 % in Northeast China's Jilin Oil Field and in Tianjin-based Dagang Oil Field to private investors, jiemian.com reported. PetroChina Co. Ltd. (SEHK:857) is also considering divesting some of its low-profit oil fields to optimize resource allocation given the bearish outlook on global oil prices.

CNPC Interested In More Stake In Vankorneft

China National Petroleum Corporation will consider acquiring large stake in ZAO Vankorneft owned by OJSC OC Rosneft (LSE:ROSN). Zhang Xin, Director of Foreign Relations at China National Petroleum Corporation, "According to this document, which we consider to be a very good financial project, we agreed on acquiring 10% of Rosneft's shares, that is acquiring the entire amount that Rosneft was ready to sell. We are ready to consider acquiring the majority of shares as well."

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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