Jump to content

China National Petroleum Corporation

From Wikipedia, the free encyclopedia
This article is about the state-owned enterprise in China. For the state-owned enterprise in Taiwan, see CPC Corporation.
China National Petroleum Corporation
Native name
中国石油天然气集团有限公司
Company typeState-owned enterprise
IndustryOil and gas
Founded1988; 36 years ago (1988)
Headquarters
Dongcheng District, Beijing
,
China
Number of locations
Increase 22,612 (service stations) (2019)[1]
Area served
Worldwide
Key people
Dai Houliang (chairman)
Li Fanrong (president)
ProductsPetroleum, natural gas, and other petrochemicals
Production output
Decrease 178.64 million MT crude oil (2020)
Increase 160.35 billion CM natural gas (2020)[1]
RevenueIncrease CN¥3.400 trillion (2022)[2]
Increase CN¥298.5 billion (2022)[2]
Increase CN¥180.4 billion (2022)[2]
Total assetsIncrease CN¥4.395 trillion (2022)[2]
Total equityIncrease CN¥2.508 trillion (2022)[2]
Number of employees
1,090,345 (2022)[2]
SubsidiariesPetroChina
Websitewww.cnpc.com.cn/en/ Edit this at Wikidata
Footnotes / references
in consolidated basis[3]
China National Petroleum Corporation
Simplified Chinese中国石油天然气集团公司
Traditional Chinese中國石油天然氣集團公司
Transcriptions
Standard Mandarin
Hanyu PinyinZhōngguó Shíyóu Tiānránqì Jítuán Gōngsī

The China National Petroleum Corporation (CNPC) (Chinese: 中国石油天然气集团公司; pinyin: Zhōngguó Shíyóu Tiānránqì Jítuán Gōngsī)[a] is a major national oil and gas corporation of China and one of the largest integrated energy groups in the world. Its headquarters are in Dongcheng District, Beijing.[4] CNPC was ranked fourth in 2022 Fortune Global 500, a global ranking of the largest corporations by revenue.[5]

Corporate structure

[edit]

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. CNPC and PetroChina develop overseas assets through a joint venture, the CNPC Exploration & Development Company (CNODC), which is 50% owned by PetroChina.

In March 2014, CNPC Chairman Zhou Jiping announced that CNPC would be opening six business units to private investors.[6]

CNPC also has a memorandum of understanding with UOP Llc, under which the two companies will collaborate on a range of biofuels technologies and projects in China.[7]

History

[edit]

Unlike the Chinese Petroleum Corporation (CPC Corporation), which was relocated to Taiwan with the retreat of the Republic of China following the communist revolution in 1949, CNPC originated as a governmental department under the Government of the People's Republic of China. In 1949, the Chinese government formed a 'Fuel Industry Ministry' dedicated to the management of fuel. In January 1952 a division of the fuel ministry was formed to manage petroleum exploration and mining, called the 'Chief Petroleum Administration Bureau'. In July 1955 a new ministry was created to replace the Fuel Industry Ministry, called the Ministry of Petroleum. From 1955 to 1969, approximately 4 oil fields were found in 4 areas in Qinghai, Heilongjiang (Daqing oilfield), Bohai Bay and Songliao basin. CNPC was created on 17 September 1988, when the government decided to create a state-owned company to handle all Petroleum activities in China and disbanded the Ministry of Petroleum.[8][9]

CNPC's international operations began in 1993. The CNPC subsidiary SAPET signed a service contract with the government of Peru to operate Block VII in the Talara Province basin.[10] This was followed by an oil contract with the government of Sudan "In June 1997, the Greater Nile Petroleum Operating Company was established with the China National Petroleum Corporation (CNPC) taking 40 percent ownership".[11] In August 2005 it was announced that CNPC agreed to buy the Alberta-based PetroKazakhstan for US$4.18 billion, then the largest overseas acquisition by a Chinese company. The acquisition went through on 26 October 2005 after a Canadian court turned down an attempt by LUKoil to block the sale.[12] In 2006 67% of shares were sold from the parent company to PetroChina[13] In June 1997, the company bought a 60.3% stake in the Aktobe Oil Company of Kazakhstan, and in July 1997 CNPC won an oil contract for the Intercampo oilfield and East Caracoles oilfield in Venezuela.[citation needed]

In July 1998, the government restructured the company in accordance with the upstream and downstream principle of the oil industry.[14] and CNPC spun off most of its domestic assets into a separate company, PetroChina. On 5 November 2007, HK listed PetroChina was listed as an A-share in the Shanghai Stock Exchange.[15]

Driven by China's increasing energy needs and supported by the government's Go Out policy, CNPC was among the state-owned enterprises which expanded internationally.[16]: 77  Because the more accessible oil resources had already been claimed, CNPC and other enterprises entered less politically stable countries with greater political and security risks.[16]: 77 

In 2012, a CNPC subsidiary, the Bank of Kunlun, was sanctioned by the United States because of its financial relationship with the Islamic Revolutionary Guard Corps and the Quds Force.[17]

In July 2013, CNPC and Eni signed a $4.2 billion deal to acquire a 20% stake in a Mozambique offshore natural gas block.[18]

In June 2014, the "head of a key China National Petroleum subsidiary was recalled to Beijing" and fell "from public view".[19] Replacement of China National Petroleum's top representative in Canada was announced in July.[19]

In February 2022, CNPC and Russia’s Gazprom signed a supply contract for 10 bcm per year through the Far Eastern route.[20]

Following the 2022 Russian invasion of Ukraine the company continued doing business in Russia and was listed on Ukraine's International Sponsors of War along with Sinopec for continuing to pay Russian taxes.[21]

Operations

[edit]
Fuel prices at a PetroChina petrol station in Dalian, Liaoning, China, 2009

CNPC holds proven reserves of 3.7 billion barrels (590,000,000 m3) of oil equivalent. In 2007, CNPC produced 54 billion cubic metres of natural gas.[22] CNPC has 30 international exploration and production projects with operations in Azerbaijan, Canada, Iran, Indonesia, Myanmar, Oman, Peru, Sudan, Niger, Thailand, Turkmenistan, and Venezuela. Many of the company's exploration projects are carried out by the Great Wall Drilling Company (GWDC), a wholly owned drilling services company.[23]

In 2018 the company announced it is building natural gas storage facilities with a total capacity of 55.6 billion cu m in the northern Henan province, to ease supply bottlenecks in the peak winter season. China has accelerated the construction of underground gas storage facilities due to the challenges faced in transporting gas last winter when logistical issues forced buyers to truck LNG thousands of kilometers from import terminals to consumption areas. The country has started an ambitious program to convert large numbers of coal-fired boilers to cleaner natural gas, to curb smog and pollution.[citation needed]

Africa

[edit]

CNPC was the first Chinese enterprise to invest in Africa.[24]: 165  In 1996, it began developing oil fields previously discovered by Chevron in Sudan, but which Chevron had abandoned due to civil conflict in Sudan.[24]: 165 

South Sudan

[edit]

The Great Wall Drilling Company, a subsidiary of the China National Petroleum Company, invested $700 million in drilling 57 wells in Sudan over a 3-year period starting in 1997.[25] In 2010, the company was awarded a contract by the Sudanese Petroleum Ministry to build 5 oil rigs for $75.5 million.[26]

After South Sudan's independence in 2011, South Sudan's territory included many of the Sudanese oil fields where CNPC (as well as Sinopec) have significant interests.[24]: 165  CNPC is a major investor in South Sudan's oil sector. The company is major stockholder in Petrodar consortiums.[27]

The December 2013 beginning of the South Sudanese Civil War prompted Chinese policymakers to consider whether to relinquish oil fields and other investments or to continue to maintain them during the conflict.[16]: 130  Ultimately, a minimum team of Chinese nationals working for CNPC remained to continue oil production.[16]: 130  This decision allowed South Sudan's oil sector to continue to operate although CNPC suffered huge losses given high transportation costs and low international oil prices.[16]: 130–131  Continuing oil production helped China to earn trust from the South Sudanese government and support from the international community for its contribution in stabilizing South Sudan's economy.[16]: 130–131 

Chad

[edit]

As of 2023, CNPC operates oil fields in Chad with a Swiss company.[24]: 165 

Mozambique

[edit]

In Mozambique, CNPC owns 20% of two natural gas projects as of 2023.[24]: 165 

Niger

[edit]

As of 2023, CNPC in a joint project with Niger's central government runs a refinery.[24]: 165  CNPC also runs the country's only operational oil field.[24]: 165 

Central Asia

[edit]

Afghanistan

[edit]

In December 2011, Afghanistan signed a deal with CNPC for the development of oil blocks in the Amu Darya basin, a project expected to earn billions of dollars over two decades; the deal covers drilling and a refinery in the northern provinces of Sar-e Pol and Faryab and is the first international oil production agreement entered into by the Afghan government for several decades.[28] All CNPC operations were shut down in Afghanistan due to the Taliban takeover.

Kazakhstan

[edit]

CNPC is one of the most active Chinese companies in the petroleum sector in Kazakhstan.[29] It is heavily involved in the development of Kazakh oil after the acquisition of Alberta-based PetroKazakhstan, a company with all operations in Kazakhstan. The company was purchased for $4.18 billion. Political resistance in Kazakhstan to the deal was placated by the sale of a minority stake in PetroKazakhstan by CNPC to KazMunaiGaz, the Kazakh state-owned oil company.

In June 2023, CNPC received full support from Samruk-Kazyna for investments in the expansion of Kazakhstan's gas and oil pipeline capacities, as well as the construction of a sour gas processing plant to be located at the Kashagan offshore development site. In addition, CNPC was involved in the upgrade projects at the Shymkent oil refinery. Through the implementation of these projects, China will be able to receive oil produced and then diverted from Kazakhstan.[30] The modernisation of the oil refinery in Shymkent was completed in August 2023.[31]

Pakistan

Great Wall Drilling Corporations (GWDC) was operating in Pakistan until 2008. In 2008, all of GWDC operations and assets in Pakistan were acquired by Chuanqing Drilling Engineering Company Limited (CCDC) another subsidiary of CNPC.

Uzbekistan

[edit]

In 2006, CNPC formed an international consortium with state-run Uzbekneftegaz, LUKoil Overseas, Petronas, and Korea National Oil Corporation to explore and develop oil and gas fields in the Aral Sea.[32]

East Asia

[edit]

China

[edit]

In October 2004, CNPC began construction of a pipeline from the Middle East to Xinjiang province.[citation needed]

In June 2023, QatarEnergy signed a 27- year deal with CNPC for 4 million metric tons of LNG to be delivered yearly. This is the second agreement that Qatar has made with a Chinese company in less than a year. In November 2022, Sinopec and QatarEnergy made a similar deal.[33] Both CNPC and Sinopec also have an equity stake in the Qatar North Field eastern expansion which amounts to about 5% of an LNG train of 8 million metric tons of year.[34]

CNPC announced that it would begin a 457-day drilling project in the Taklimakan Desert in June 2023 to drill down to the Earth's core, 10,000 metres deep, for scientific purposes and to search for oil and gas.[35][36] In August 2023, CNPC also began ultra-deepwater exploration drilling in search for oil and gas to slowly enable China to rely less on foreign oil.[37]

Europe

[edit]

Russia

[edit]

In May 2014, a 30-year deal between Russia's Gazprom and China National Petroleum Corporation (CNPC) which was 10 years in the making was estimated worth $400 billion. The agreement was signed at a summit in Shanghai and is expected to deliver some 38 billion cubic meters of natural gas a year, starting around 2018, to China's burgeoning economy.[38]

Oceania

[edit]

New Zealand

[edit]

CNPC operated in New Zealand as CCDC (NZ) Drilling and had one drilling rig, a triple stand DC rig named Rig 43. CCDC NZ started workover/drilling operations in the Kapuni gas fields of South Taranaki New Zealand in late 2012 for "tight gas". The rig completed the Kapuni drilling campaign of 4 wells for STOS (Shell Todd Oil Services) in August 2013. Its next drilling project commenced August 2013 for Tag Oil with one well successfully drilled at Cheal C of a depth of just under 5,000m. The rig was then stood down pending appeals for the next stage of a drilling campaign for Tag Oil in March 2014. Due to the periods involved it was decided to end its drilling campaign in New Zealand. Rig 43 was then dismantled and shipped to other overseas locations and no longer operates in New Zealand.[citation needed]

South and Southeast Asia

[edit]

Malaysia

[edit]

China Petroleum Pipeline Engineering, a unit of CNPC, was the primary contractor working to establish two pipelines in Malaysia. The project was accused of involvement in corruption and was suspended by the Pakatan Harapan seventh cabinet of Malaysian Prime Minister Mahathir Mohamed in 2018. The company denied the allegations. In July 2019, Malaysian authorities seized $243.5M from China Petroleum Pipeline Engineering to compensate for the paid for but unfinished pipelines and transferred to a Malaysian government-owned business.[39]

Sri Lanka

[edit]

CNPC's subsidiary China Huanqiu Contracting & Engineering Corporation has been doing business in Sri Lanka since 1997.[40]: 93  It became one of the first companies involved in the Hambantota International Port project when it began work on refueling facilities and oil tank projects following a 2005 agreement between Sri Lanka and China to facilitate the involvement of Chinese companies in the port development.[40]: 93 

West Asia

[edit]

Iraq

[edit]
Main article: Rumaila field

In March 2009, CNPC began development of Ahdab, an oil field in Wasit Governorate holding a modest one billion barrels, becoming "the first significant foreign investors" in Iraq.[41] The contract is a renegotiated version of a 1997 agreement between China and Iraq under Saddam Hussein.[42] The project progressed despite security problems with local farmers. Dozens of farmers complained of damage to property because of work on the site and Iraqi oil officials claimed thievery from the oil site by local farmers.[41] Adhab is not expected to be a major profit center, earning the company a projected 1 percent profit, but the field was seen as an entry strategy into Iraq.

Following Adhab, CNPC obtained a production contract during the 2009/2010 Iraqi oil services contracts tender to develop the much larger "Rumaila field" with joint venture partner BP, which contains an estimated 17.8 billion barrels (2.83×109 m3) of oil. It is expected that crude oil production from Rumaila will expand by 10% by the end of 2010 once the BP PLC/CNPC consortium takes over development of the field in June 2010.[43][44] A contract was also awarded to a consortium led by CNPC (37.5%), including TotalEnergies (18.75%) and Petronas (18.75%) for the "Halfaya field" in the south of Iraq, which contains an estimated 4.1 billion barrels (650,000,000 m3) of oil.[45][46]

In August 2023, CNPC Daqing Drilling Engineering Co was awarded an EPC to drill wells with two rigs located in the Rumaila oilfield in Iraq. The engineering, procurement and construction contract is said to be worth $194 million and the number of wells allowed to be drilled were not disclosed.[47]

CNPC took over the West Qurna 1 oilfield in January 2024 from ExxonMobil. The oilfield is located Northwest of Basra and produces over 25 million tonnes of crude oil annually.[48][49]

Iran

[edit]

CNPC became increasingly involved in the development of Iranian oil fields following international sanctions that targeted the Iranian oil and gas sectors leading many European energy companies such as Shell Oil, Repsol, etc. to shut down operations in Iran. The CNPC along with Sinopec has been involved in various projects relating to Iran's oil/gas development. As of 2011, CNPC has been developing Iran's age-old Masjed Soleyman Oil Field, the oldest oil field of the Middle East, together with Iranian counterpart NIOC in a deal worth 200 million dollars. Production from this particular oil field was expected to increase in 2011 from 2,500 barrels (400 m3) a day to 25,000 barrels (4,000 m3) after the completion of the first phase, and to 55,000,000 bbl/d (8,700,000 m3/d) following the completion of phase 2 of the project.[50]

In August 2018, TotalEnergies officially withdrew from the Iranian South Pars gas field because of sanctions pressure from the US,[51] leaving CNPC to take up their 50.1% stake in the $5 billion natural gas field, of which it had already 30%.[52] It held this 80.1% share until it withdrew its investment in October 2019 due to the US sanctions on Iran, according to Oil Minister Bijan Zangeneh quoted by the SHANA news agency.[52]

Syria

[edit]

CNPC with Indian state oil firm, ONGC created a joint venture to acquire minority stakes ranging from about 33.3% to 39% in several mature Syrian oil and natural gas properties. The combined entity was a notable instance of cooperation between two state oil firms that regularly competed for assets around the world.[53]

Qatar

[edit]

In June 2023, CNPC signed a 27-year deal with QatarEnergy for 4 million metric tons of LNG to be delivered yearly.[54] CNPC also has an equity stake in the Qatar North Field eastern expansion which amounts to about 5% of an LNG train of 8 million metric tons of year.[55]

Controversies

[edit]

Corruption allegations

[edit]

In September 2013, Jiang Jiemin, a former chairman of PetroChina, a subsidiary of CNPC, was abruptly removed from his role as director of the State-owned Assets Supervision and Administration Commission of the State Council and investigated for corruption and abuse of power, along with four other senior oil executives.[56] Jiang was considered an ally of corrupt former security chief Zhou Yongkang, and part of a group of officials that had political ties with Zhou. On October 12, 2015, the court found Jiang guilty on all counts, including accepting bribes, possessing dark assets, and abusing his power. He was sentenced to 16 years in prison.[57]

In January 2017, former PetroChina vice chairman Liao Yongyuan was sentenced to 15 years in prison for abuse of power and accepting nearly $2 million worth of bribes.[58][59]

In October 2021, the Central Commission for Discipline Inspection announced that it was investigating former PetroChina vice president Ling Xiao, for "serious disciplinary violations."[60]

Lanzhou Petrochemical contamination

[edit]

In 2014, Lanzhou Petrochemical, a subsidiary of CNPC, was responsible for ethylene and ammonia leaks, benzene contamination of water supplies, and air pollution in Lanzhou. City officials criticized the company and demanded an apology.[61]

2003: Chongqing deadly gas leakage

[edit]

On 23 December 2003, a gas blowout occurred at the Luojia No. 16H gas well. The toxic fumes killed 243 people and hospitalized substantially more.[62][63] Specialists concluded that the accident was the result of negligence on the part of Eastern Sichuan Drilling Company, which was working under China National Petroleum Corporation.[63] They concluded that Sichuan technicians had failed to fix a blowout-prevention valve, a basic safety measure, that the gas well was built too close to homes, that workers failed to promptly inform authorities, that workers neglected to ignite the gas to prevent disaster, and that the company had not undergone an official environmental and safety assessment before commencing operations.[63] On March 25, 2006, another leak in the Luojia No. 2 gas well in Chongqing required the evacuation of 15,000 people.[62] Three attempts were required to properly seal the leak.[64]

Suspension of operations in Chad

[edit]

In August 2013, the operations of a CNPC subsidiary in Chad were suspended entirely by the country's government after it had violated environmental standards while drilling for crude oil in the south of the country.[65] "We found flagrant violations of environmental standards by the company ... CNPC's behavior was unacceptable," said Le Bemadjiel, Chad's minister of oil. The minister also claimed that CNPC discharged oil intentionally to reduce costs, did not have facilities to clean spilled crude oil, dumped crude oil without safeguards, and asked locals to help remove crude oil without providing them with appropriate protective gear.

In March 2014, Chad fined CNPC worth a total of $1.2 billion.[66] In August 2014, CNPC had five of its permits revoked after failing to pay the fine.[67] In October 2014, CNPC agreed to pay $400 million.[68]

Jilin chemical plant explosion

[edit]
Main article: 2005 Jilin chemical plant explosions

In November 2005, chemical plants belonging to PetroChina, a subsidiary of CNPC, exploded in Jilin, China, resulting in 100 tons of benzene, which is a carcinogen and toxic, pouring into the Songhua River. There was a slick of chemicals that spanned 80 kilometres.[69] Harbin, another city along the Songhua River, had to cut the water supply from almost 4 million people, for 5 days. More than 60 people were injured, five died, and one person was missing due to the incident. The spill reached as far as Khabarovsk, Russia, where residents stocked up on bottled water. The Russian city tried filtering its water of toxic substances, but couldn't guarantee the water was safe.[70] China's environmental agency fined the company one million yuan (approximately $125,000, £64,000) for its pollution, which was the maximum fine that can be handed out in China for breaking an environmental law.[69] The Chinese government said that cleaning up the aftermath would require one billion US dollars.[69] Li Zhaoxing, Chinese Foreign Minister at the time, issued a public apology to Russia due to the incident.[71] The Chinese press responded harshly to the authorities' response to the disaster.[72] Another gas pipeline exploded on 20 January 2006 in Sichuan. Reportedly, nine were killed and nearly 40 injured.[73]

Oil spills

[edit]
Main article: Yellow River oil spill
Main article: Xingang Port oil spill

In January 2010, it was revealed that a CNPC diesel pipeline had burst near the confluence of the Chishui and Weihe rivers, in Huaxian County, Shaanxi.[74] The extensive pollution ended up in the Yellow River, China's longest waterway.

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 km2 (69 sq mi).[76]

Trade anomalies

[edit]

On January 19, 2022, Chinese authorities punished CNPC's subsidiary "PetroChina Fuel Oil Co Ltd" for alleged oil trade inconsistencies that "severely disrupted oil products market order... facilitated blind development of outdated production capacity at independent refineries...caused losses in government tax revenue indirectly," said the National Development and Reform Commission.[77]

Human rights

[edit]

In 2011, Earthrights International accused PetroChina, a subsidiary of CNPC, of complicity in serious human rights abuses in Burma,[78][79] a country known for militarily furthering its economic interests through the use of forced labor.[80][81]

Tax issues

[edit]

In January 2014, the International Consortium of Investigative Journalists published research based on leaked financial records from the British Virgin Islands, implicating CNPC, PetroChina, Sinopec, and CNOOC in offshore tax evasion.[82][83]

See also

[edit]

Notes

[edit]
  1. ^ A common shortname for the corporation in Chinese, Zhongguo Shiyou (中国石油), formerly shared the same name as the Chinese Petroleum Corporation, the Republic of China (Taiwan)'s state-owned fuel corporation.

References

[edit]
  1. ^ a b China National Petroleum Corporation (July 2, 2021). 2020 Annual Report (PDF) (Report). p. 6. Retrieved May 21, 2022.
  2. ^ a b c d e f "Annual Report 2022" (PDF). China National Petroleum Corporation. pp. 54–57.
  3. ^ "中国石油天然气集团公司2015年度报告" [China National Petroleum Corporation 2015 Annual Report]. Shanghai Clearing House. 29 April 2016. Archived from the original on 24 September 2016. Retrieved 7 May 2016.
  4. ^ "Contact Us." China National Petroleum Corporation. Retrieved on July 8, 2010. Archived May 5, 2010, at the Wayback Machine
  5. ^ "Global 500". Fortune. Retrieved 16 December 2020.
  6. ^ "CNPC chairman starts courting private investors". Petro Global News and Oil Patch Asia, LLC. 2014-03-06. Archived from the original on 25 October 2014. Retrieved 10 March 2014.
  7. ^ "UOP and CNPC collaborate on biofuels projects in China". Membrane Technology. 2009 (12): 1–16. 2009. doi:10.1016/S0958-2118(09)70240-X.
  8. ^ "PetroChina Co., Ltd". Nikkei Asia. Retrieved 2023-07-14.
  9. ^ "China National Petroleum Corporation 中国石油天然气集团 – Company Profile on ChinaEDGE". The China Project. Retrieved 2023-07-14.
  10. ^ "Sapet to Invest US$11mn in Block VI/VII in Peru". www.rigzone.com. Retrieved 2023-07-14.
  11. ^ Hammond, Joseph. "Sudan: China's Original Foothold in Africa". The diplomate. Archived from the original on 27 April 2019. Retrieved 27 April 2019.
  12. ^ "CNPC secures PetroKazakhstan bid". BBC. 26 October 2005. Archived from the original on 15 April 2014. Retrieved 6 August 2014.
  13. ^ "PetroChina to acquire 67% interests in PetroKazakhstan" (in Chinese).[permanent dead link‍]
  14. ^ History of CNPC Archived 2007-08-23 at the Wayback Machine, CNPC website.
  15. ^ Greenlees, Donald; Lague, David (2007-11-05). "PetroChina shares triple value in record IPO". The New York Times. ISSN 0362-4331. Retrieved 2023-07-14.
  16. ^ a b c d e f Meng, Wenting (2024). Developmental Peace: Theorizing China's Approach to International Peacebuilding. Ibidem. Columbia University Press. ISBN 9783838219073.
  17. ^ Charbonneau, Louis (2014-11-19). "Iran uses China bank to transfer funds to Quds-linked companies". Reuters. Retrieved 2020-01-06.
  18. ^ "CNPC and Eni sign Mozambique gas deal for US$4.2 billion". Oil Review Africa.com. 16 July 2013. Archived from the original on 6 May 2015. Retrieved 24 July 2013.
  19. ^ a b Chester Dawson; Alistair MacDonald; Brian Spegele (July 28, 2014). "Chinese Corruption Probe Stretches Into Canada Billion-Dollar Oil-Sands Project Is Left in Limbo". WSJ.com. Dow Jones & Company, Inc. Archived from the original on 9 July 2015. Retrieved 7 August 2014.
  20. ^ "China, top Russian energy firms discuss developing oil and gas fields -CNPC". Reuters. 2023-11-01. Retrieved 2024-05-21.
  21. ^ Ukraine designates China’s biggest oil firms as ‘sponsors of war’ for Russian joint ventures
  22. ^ "UPDATE 1-PRESS DIGEST - China - Oct 24". Reuters. 23 October 2008. Archived from the original on 8 August 2014. Retrieved 5 August 2014.
  23. ^ Securities Daily August 2011
  24. ^ a b c d e f g Shinn, David H.; Eisenman, Joshua (2023). China's Relations with Africa: a New Era of Strategic Engagement. New York: Columbia University Press. ISBN 978-0-231-21001-0.
  25. ^ Patey, Luke (2014). The New Kings of Crude. C. Hurst & Co. (Publishers) Ltd.
  26. ^ "Sudan to drill 11 new oil wells for $166.5 mln". Reuters. September 29, 2010. Archived from the original on September 12, 2018. Retrieved September 12, 2018.
  27. ^ "China to evacuate South Sudan oil workers to capital Archived 2015-09-24 at the Wayback Machine". Reuters. December 20, 2013.
  28. ^ Harooni, Mirwais (2011-12-28). "REFILE-Afghanistan signs major oil deal with China's CNPC". Reuters. Archived from the original on 2012-01-17. Retrieved 2012-01-01.
  29. ^ Vakulchuk, Roman and Indra Overland (2019) "China's Belt and Road Initiative through the Lens of Central Asia", in Fanny M. Cheung and Ying-yi Hong (eds) Regional Connection under the Belt and Road Initiative. The Prospects for Economic and Financial Cooperation. London: Routledge, p. 119.
  30. ^ Afanasiev, Vladimir (2023-06-07). "Kazakhstan set to boost business with China". Upstream Online | Latest oil and gas news. Retrieved 2023-09-13.
  31. ^ "China's CNPC completes upgrade at Kazakh's Shymkent refinery". Reuters. 2018-08-23. Retrieved 2023-09-13.
  32. ^ Uzbekistan, intl consortium ink deal on exploring Aral Sea Archived July 27, 2010, at the Wayback Machine ITAR-Tass
  33. ^ "Qatar seals 27-year LNG deal with China as competition heats up". Reuters. Retrieved 2022-11-21.
  34. ^ "Qatar strikes second big LNG supply deal with China". Reuters. Retrieved 2023-06-20.
  35. ^ "China is drilling a 10,000-meter-deep hole into the Earth". Financial Post. 2023-06-01. Retrieved 2023-09-13.
  36. ^ "China begins drilling 6.2-mile-deep hole into the Earth's crust". Yahoo News. 2023-06-06. Retrieved 2023-09-13.
  37. ^ "China's Oil Giant CNOOC Shuts Down Oil Fields Amid Super Typhoon". OilPrice.com. Retrieved 2023-09-13.
  38. ^ "Russia's Putin signs 30 year gas deal with China". BBC News. 21 May 2014. Archived from the original on 11 February 2016. Retrieved 21 June 2018.
  39. ^ "Malaysia seizes $240 million from Chinese state firm's bank..." Reuters. 2019-07-14. Archived from the original on 2019-07-14. Retrieved 2019-07-14.
  40. ^ a b Chen, Muyang (2024). The Latecomer's Rise: Policy Banks and the Globalization of China's Development Finance. Ithaca and London: Cornell University Press. ISBN 9781501775857.
  41. ^ a b "China Faces Unexpected Problem Drilling for Oil in Iraq -- Farmers" Archived 2016-03-14 at the Wayback Machine The Wall Street Journal May 22, 2009 Gina Chon
  42. ^ Iraq and China Sign $3 Billion Oil Contract Archived 2018-12-28 at the Wayback Machine Washington Post August 29, 2008 Amit R. Paley
  43. ^ Williams, Timothy (2009-09-06). "China Oil Deal Is New Source of Strife Among Iraqis". The New York Times. Archived from the original on 2013-05-10. Retrieved 2010-04-28.
  44. ^ "CNPC: To Raise Iraq Rumaila Oilfield Output 10% By Year-End" The Wall Street Journal[1]
  45. ^ "Shell walks away with Majnoon". upstreamonline.com. 11 December 2009. Archived from the original on 26 September 2012. Retrieved 22 August 2012.
  46. ^ "Halfaya trio sign on dotted line". upstreamonline.com. 27 January 2011. Archived from the original on 26 September 2012. Retrieved 22 August 2012.
  47. ^ "CNPC's Daqing unit awarded $194 mln drilling contract in Iraq". Reuters. 2023-08-11. Retrieved 2023-09-13.
  48. ^ "ExxonMobil hands over operations at West Qurna 1 oilfield to PetroChina". Reuters. 2024-01-01. Retrieved 2024-05-02.
  49. ^ Mishra, Shivam (2024-01-02). "ExxonMobil transfers West Qurna 1 oilfield in Iraq to PetroChina". Offshore Technology. Retrieved 2024-05-02.
  50. ^ "Increase of Iranian Oil Production". Jaam-e Jam. 2011-04-29. Archived from the original on 2011-07-28. Retrieved 2011-04-29.
  51. ^ "French energy giant Total officially pulls out of Iran". DW.com. 20 August 2018. Archived from the original on 6 October 2019. Retrieved 6 October 2019.
  52. ^ a b "Iran says China's state oil firm withdraws from US$5-billion natural gas deal; U.S. sanctions may be to blame". The Globe and Mail Inc. Associated Press. 6 October 2019. Archived from the original on 6 October 2019. Retrieved 6 October 2019.
  53. ^ "India, China Win On Venture's Bid For Syria Oil Stake " Archived 2016-03-14 at the Wayback Machine The Wall Street JournalDec 21, 2005
  54. ^ "QatarEnergy, China's National Petroleum Corp to sign 27-year LNG deal". Reuters. 2023-06-20. Retrieved 2023-07-11.
  55. ^ Mills, Andrew; Dahan, Maha El (2023-06-20). "Qatar strikes second big LNG supply deal with China". Reuters. Retrieved 2023-07-11.
  56. ^ Buckley, Chris; Ansfield, Jonathan (1 September 2013). "Senior Chinese Official Falls Under Scrutiny as Some Point to Larger Inquiry". New York Times. Retrieved 3 September 2013.
  57. ^ "Former China energy chief Jiang Jiemin jailed for corruption". BBC. 12 October 2015. Retrieved 12 October 2015.
  58. ^ "China: Former Oil Executive Jailed For Taking US$ 2 Million in Bribes". www.occrp.org. Retrieved 2022-03-15.
  59. ^ Spegele, Brian (2015-03-16). "PetroChina Vice Chairman Under Investigation". Wall Street Journal. ISSN 0099-9660. Retrieved 2022-03-15.
  60. ^ "Former PetroChina executive under probe for suspected graft". euronews. 2021-10-04. Retrieved 2022-03-15.
  61. ^ He Huifeng (11 January 2015). "Chinese city lashes PetroChina unit over chemical leaks". South China Morning Post. Retrieved 2015-02-10.
  62. ^ a b "Prompt response to gas leakage keeps locals safe, sound". Chinese Government's Official Web Portal. Archived from the original on 2 May 2006. Retrieved 29 May 2012.
  63. ^ a b c "Tragedy of errors in gas blowout". www.chinadaily.com.cn. Retrieved 2022-03-17.
  64. ^ "Efforts made to cap leaking gas well". Chinese Government's Official Web Portal. Archived from the original on 25 April 2006. Retrieved 29 May 2012.
  65. ^ "Chad suspends China's CNPC unit over environment". U.S. Retrieved 2022-03-17.
  66. ^ "Chad fines China's CNPC unit $1.2 billion for environmental damage". Reuters. 2014-03-21. Retrieved 2022-03-18.
  67. ^ "Chad withdraws Chinese exploration permits". www.aljazeera.com. Retrieved 2022-03-18.
  68. ^ "UPDATE 1-China's CNPC agrees to pay $400 mln to settle Chad dispute -Chad minister". Reuters. 2014-10-27. Retrieved 2022-03-18.
  69. ^ a b c "Maximum fine over China pollution". BBC News. 25 January 2007. Retrieved 22 May 2010.
  70. ^ "Toxic leak reaches Russian city". BBC News. 22 December 2005. Retrieved 22 May 2010.
  71. ^ Bezlova, Antoaneta (2 December 2005). "China's toxic spillover". Asia Times. Archived from the original on 3 December 2005. Retrieved 2013-05-14.
  72. ^ "Chinese papers condemn Harbin 'lies'". BBC News. 2005-11-24.
  73. ^ "Gas pipeline blast kills 9 in Sichuan". Chinese Government's Official Web Portal. Archived from the original on 22 May 2014. Retrieved 29 May 2012.
  74. ^ "Diesel spill contaminates Yellow River tributaries - China.org.cn". www.china.org.cn. Retrieved 2022-03-17.
  75. ^ Agence France-Presse (19 July 2010). "China rushes to clean up oil spill". Yahoo! News. Archived from the original on July 21, 2010. Retrieved 20 July 2010.
  76. ^ "China Port Reopens After Oil Spill, Cleanup Continues". Voice of America News. 20 July 2010. Archived from the original on 22 July 2010. Retrieved 19 July 2010.
  77. ^ "China punishes PetroChina unit for irregular oil trade". Reuters. 2022-01-19. Retrieved 2022-03-15.
  78. ^ "Chinese pipelines in Myanmar cause rights abuses, graft -report". Reuters. 2011-03-29. Retrieved 2022-03-15.
  79. ^ "Chinese Oil Company Linked to Human Rights Abuses in Burma (Myanmar)". EarthRights International. Retrieved 2022-03-15.
  80. ^ "Burmese villagers 'forced to work on Total pipeline'". The Independent. 2009-08-13. Retrieved 2022-03-15.
  81. ^ "Reports of Slave Labor on Pipeline Rouse Critics of Military in Burma". Christian Science Monitor. 1995-10-12. ISSN 0882-7729. Retrieved 2022-03-15.
  82. ^ "Chinese oil giants make use of offshore shell companies in Caribbean". the Guardian. 2014-01-22. Retrieved 2022-03-16.
  83. ^ "China's Scandal-Torn Oil Industry Embraces Tax Havens - ICIJ". 2014-01-22. Retrieved 2022-03-16.
[edit]
Retrieved from "https://en.wikipedia.org/w/index.php?title=China_National_Petroleum_Corporation&oldid=1265648693"