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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.
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.
List of years in Indonesia 2025 ( MMXXV ) is the current year, and is a common year starting on Wednesday of the Gregorian calendar , the 2025th year of the Common Era (CE) and Anno Domini (AD) designations, the 25th year of the 3rd millennium and the 21st century , and the 6th year of the 2020s decade.
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.
These assets include Block B in Cambodia, the Kakap Production Sharing Contract (PSC) and the Sampang PSC in Indonesia, Blocks 102 and 106, and Block 101-100/04 in Vietnam, Block T06-3 in Australia. In 2007, they expanded their assets to China with 3 additional blocks, 04/36 & 05/36 in Bohai Bay and Blk 26/28, offshore China.
This opportunity was used by the youth [clarification needed] and electrical workers (through Electricity and Gas Labour/Employee delegation), which together with the chairman of the Central Indonesian National Committee (KNIP) took the initiative to meet President Sukarno and propose the take over of the company by the Government of Indonesia.