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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.
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.
The pipeline is owned and operated by PetroChina West–East Gas Pipeline Company, a subsidiary of PetroChina. Originally, it was agreed that PetroChina would have owned 50% of the pipeline, while Royal Dutch Shell, Gazprom, and ExxonMobil had been slated to hold 15% each, and Sinopec 5%. However, in August 2004, the Board of Directors of ...
Fushun Petrochemical Company is a refining and petrochemical division of PetroChina. It is located in Fushun, Liaoning province, northeastern China. It is a manufacturer of different petrochemical products, as also catalysts for oil processing and noble metal refining. As of 2006, Fushun Petrochemicals was the world's largest producer of paraffin.
PetroChina's Tarim oil fields operations are headquartered in Korla. [2] [3] The Tarim oil fields are one of Xinjiang's three largest oil fields, the other two being Jungar and Tuha. Tarim includes: Tahe oil field; Tazhong oil field
Wang Yilin (Chinese: 王宜林; pinyin: Wáng Yílín; born September 1956) is a Chinese business and oil magnate who was the chairman of the Board of China National Petroleum Corporation (CNPC) and the chairman of the Board of PetroChina.
The late Qing dynasty banned mining because of the traditional cosmological beliefs which regarded the land as a sacred legacy. [3]: 7 This ban was lifted during the modernization effort of the Self-Strengthening Movement as the Qing dynasty sought to develop a modern navy and modern industry.
PetroChina, China's state-owned oil and gas firm, announced it would sell its major oil and gas pipelines and storage facilities to a newly created State-owned enterprise, China Oil and Gas Pipeline Network, for $55.9 billion. This will lead to the creation of a new company, PipeChina, of which PetroChina will own a 29.9% equity stake worth ...