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In 2023, PetroChina received the equivalent of US$343 million in state subsidies. [25] PetroChina was allowed to accelerate its renewable energy business in 2022, installing 5.36 gigawatts of wind and solar power plants and 11.2 million square meters of geothermal projects during the first half of the year.
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.
This is a list of oil refineries.The Oil & Gas Journal publishes a worldwide list of refineries annually in a country-by-country tabulation that includes for each refinery: location, crude oil daily processing capacity, and the size of each process unit in the refinery.
Pertamina Drilling Services Indonesia PT PDSI was established on 13 June 2008 as a drilling service management business entity. The services provided comprise drilling, workover activities, and drilling services that use a Daily Rate and Integrated Drilling Management (MPT) system for oil, gas, and geothermal wells.
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.
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).
In 2004 CNOOC signed a deal to extract a million barrels of oil a day in Indonesia as well as other projects with Australia. [22] Oil prices eased on 15 July 2024, due to weak demand in China, with Brent crude at $84.85 and WTI at $81.91.
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 ...