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CNPC 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.
United Arab Emirates The US$3.29 billion Habshan–Fujairah oil pipeline was built with China Petroleum Pipeline Bureau, another subsidiary of CNPC. [1] The construction work was carried out from March 2008 to March 2011. The pipeline extends from Habshan, Abu Dhabi to Fujairah and has a capacity of 1.5 million-barrel-per-day. [1]
Habshan–Fujairah oil pipeline, a 1.5 million-barrel-per-day crude oil pipeline from Habshan, Abu Dhabi to Fujairah. [2] It was built by CPP and China Petroleum Engineering and Construction Corporation, another subsidiary of CNPC, in a project under a construction contract for US$3.29 billion.
PetroChina was established as a joint stock company with limited liabilities under the Company Law of the People's Republic of China (the PRC) on 5 November 1999, as part of the restructuring of CNPC.
China National Offshore Oil Corporation, or CNOOC Group (Chinese: 中国海洋石油总公司; pinyin: Zhōngguó Háiyáng Shíyóu Zǒnggōngsī), is the third-largest national oil company in China, after CNPC (parent of PetroChina) and China Petrochemical Corporation (parent of Sinopec).
[8] [9] In the lead up to going public, Sinopec cut over 200,000 jobs from its roster. [10] BP partnered with Sinopec, in 2005, to build SECCO an ethylene derivatives plant with an initial investment of $2.7 billion. [11] It is located in the Shanghai Chemical Industry Park, and generates over 3.2 million tons of petrochemical products annually.
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