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Chinese oil production 1960–2015. The impact of the petroleum industry has been increasing globally as the People's Republic of China ranks seventh for oil production and second in crude oil consumption in the world. [1] [2] China became the world's largest oil importer in 2013. [2]
The chairman of China Petroleum and Chemical Corporation, like all Chinese National Oil Companies, is a vice minister. This is a political appointment set by the Ministry of Personnel. This means that the post is always given to high ranking communist party members as a reward for career achievement in the industry.
Oil field in California, 1938. The modern history of petroleum began in the nineteenth century with the refining of paraffin from crude oil. The Scottish chemist James Young in 1847 noticed a natural petroleum seepage in the Riddings colliery at Alfreton, Derbyshire from which he distilled a light thin oil suitable for use as lamp oil, at the same time obtaining a thicker oil suitable for ...
In July 2010, two pipelines exploded at an oil storage depot belonging to China National Petroleum Corp near Dalian's Xingang Harbour in Liaoning province which spilled an estimated 1,500 tonnes of crude into the sea. [75] Two thousand firefighters took fifteen hours to subdue the fire and the spill reached a size of 180 km 2 (69 sq mi). [76]
Chinese oil production 1960–2015 The impact of the petroleum industry has been increasing globally as the People's Republic of China ranks seventh for oil production and second in crude oil consumption in the world. [17] [18] China became the world's largest oil importer in 2013. [18]
Saudi energy giant Aramco, the world’s largest integrated oil and gas company, ... As part of the deal, it would supply 480,000 barrels per day of crude oil to the Chinese company.
CPC was founded on 1 June 1946 in Shanghai as Chinese Petroleum Corporation (中國石油) by the government of the Republic of China (ROC, then on Mainland China). With the Kuomintang's retreat to Taiwan after the Chinese Civil War, CPC was transferred from the Council of Resources to the Ministry of Economic Affairs.
The government managed industry according to type and level of control, using various State Council ministries and commissions. In 1987, there were separate ministries for aeronautics, astronautics, chemicals, coal, electronics, metallurgy, nuclear energy, ordnance, petroleum, and textiles industries, light industry, the railways, and water resources and electric power; there were two ...