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PetroChina Company Limited ... In 2023, PetroChina received the equivalent of US$343 million in state subsidies. ... 2004 Annual Report, pp. 135, 137; McGregor ...
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.
On 17 October 2023, an equity agreement was signed between Sinopec and KazMunayGas JSC for a 30% stake in a $7.7bn polyethylene project in Kazakhstan, which is expected to start construction in the second half of 2024. [130] In 2023, Sinopec was approved to invest $4.5 billion in refinery construction at Hambantota International Port, Sri Lanka.
China’s power industry began construction on nearly 100 gigawatts of new coal plant capacity last year, the most in nearly a decade, a report from two clean-energy groups said Thursday.
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In June 2015 the Chinese cabinet approved plans to merge state-owned China Power Investment (CPIC) with State Nuclear Power Technology increasing the exports of nuclear technology from the country, creating the new entity China Power New Energy Development Company Limited, with assets of more than $112.6 billion and annual revenues of more than ...
The U.S. Select Committee on the Chinese Communist Party during the last Congress addressed some of these issues in a report. That bipartisan report from June 2023 said Chinese companies are ...