© 2020 | Disclaimer | Privacy Policy | Sitemap | Contact Us | Screen Reader Access. The acquisition went through on 26 October 2005 after a Canadian court turned down an attempt by LUKoil to block the sale. [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. The Nigerian Federal Government Recruitment 2021 is for graduates and non-graduates who are willing to put in their effort to work. [11] and CNPC spun off most of its domestic assets into a separate company, PetroChina. [17], 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] 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. CPCL has various HR initiatives for employees to continually applaud and encourage individual as well as group performance. CNPC is one of the most active Chinese companies in the petroleum sector in Kazakhstan. The Corporation signed a milestone Memorandum of Understanding on 20th August 2019with CFAO Kenya Limited (a Toyota Tshusho Group Company) and National HousingCorporation (NHC) to implement LPG reticulation for NHC residential units. [39][40], The operations of a CNPC subsidiary in Chad were entirely suspended in August 2013 by the country's government after it violated environmental standards while drilling for crude oil in the south of the country. [27][28] A contract was also awarded to a consortium led by CNPC (37.5%), including Total (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. News and information about NNPC, a public organization that manages the government's interests in the Nigerian oil industry. CCDC NZ started work over/drilling operations in the Kapuni gas fields of South Taranaki New Zealand in late 2012 for "tight gas". Today, CPCL is one of the largest refining corporation in South India, with an installed refining capacity of 10.5 MMTPA built brick by brick with grit and determination. Many of the company's exploration projects are carried out by the Great Wall Drilling Company (GWDC), a wholly owned drilling services company. The rig was then stood down pending appeals for the next stage of a drilling campaign for Tag Oil in March 2014. The company is major stockholder in Petrodar consortiums. Chennai Petroleum Corporation Limited. [37], In 2009 a CNPC pipeline burst, spilling 150 m3 (5,300 cu ft) of diesel oil into the Chishui River in Shaanxi province. The rig completed the Kapuni drilling campaign of 4 wells for STOS (Shell Todd Oil Services) in August 2013. 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. 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. Reach out to us for any further assistance. Includes business units of exploration and production, gas development, refining, distribution, petrochemicals, engineering, and commercial investments. [22], In October 2004, CNPC began construction of a pipeline from the Middle East to Xinjiang province. In 1949, the Chinese government formed a 'Fuel Industry Ministry' dedicated to the management of fuel. The project was suspended by the Malaysian government in 2018, and in July 2019 a CPP account containing $240 million was seized by the Malaysian government and transferred to a Malaysian government-owned business.[24]. [16], In 2018 the company announced it's 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 peak winter season. 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], CNPC is a major investor in South Sudan's oil sector. It also pioneered key initiatives in several areas such as process optimization, technology absorption, energy conversation, and environment management. The Petroleum Oil and Gas Corporation of South Africa (PetroSA), is a wholly state-owned company of the Government of South Africa and registered as a commercial entity under the South African law. CNPC and PetroChina develop overseas assets through a joint venture, the CNPC Exploration & Development Company (CNODC), which is 50% owned by PetroChina. [citation needed], China Petroleum Pipeline Engineering, a unit of CNPC, was the primary contractor working to establish two pipelines in Malaysia. 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. Newmont is the worldâs leading gold company and a producer of copper, silver, zinc and lead. [29][30], CNPC became increasingly involved in development of Iranian oil fields following Western sanctions that targeted the Iranian oil and gas sectors leading many European energy companies such as Shell Oil, Repsol, etc. [23], CNPC operated in New Zealand as CCDC (NZ) Drilling and had one drilling rig, a triple stand DC rig named Rig 43. The projectwill kick off with NHCâs 75 residential ⦠Kumul Petroleum Holdings Limited (KPHL) is Papua New Guineaâs national oil and gas company (NOC). In 2007, CNPC produced 54 billion cubic metres of natural gas. It is 69.65% owned by the Government of India, under the administrative control of the Ministry of Steel.. [36], A leak occurred on 25 March 2006 in the Luojia No. NMDC Limited, (formerly National Mineral Development Corporation), is an Indian public sector mineral producer. 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. 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. [34], On 23 December 2003, a gas blowout occurred at the Luojia No. From 1955 to 1969, approximately 4 oil fields were found in 4 areas in Qinghai, Heilongjiang (Daqing oilfield), Bohai Bay and Songliao basin. The present shareholders are IOCL, NICO, and others holding 51.89%,15.40%,32.71% shares respectively. Volatility: Evaporation temperature in °C for 95 percent by volume at 760 mm Hg pressure, Max. [citation needed] 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". The combined entity was a notable instance of cooperation between two state oil firms that regularly competed for assets around the world. The CNPC subsidiary SAPET signed a service contract with the government of Peru to operate Block VII in the Talara Province basin. The NOC was created by an Act of Parliament through the Kumul Petroleum Holdings Limited Authorization Act 2015 which replaced NPCP Holdings Limited. In January 1952 a division of the fuel ministry was formed to manage petroleum exploration and mining, called the 'Chief Petroleum Administration Bureau'. 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. [8] We endure high-caliber people, state-of-the-art technologies and cutting-edge R&D where energy in all its forms is tapped most responsibly and delivered to the consumers most affordably. [35] The third attempt six days after the blowout succeeded; 15,000 were evacuated. It is a subsidiary of CEF SOC Limited (CEF). Its headquarters are in Dongcheng District, Beijing. [18] In 2010, the company was awarded a contract by the Sudanese Petroleum Ministry to build 5 oil rigs for $75.5 million. A common shortname for the corporation in Chinese, Vakulchuk, Roman and Indra Overland (2019) “, "CNPC: To Raise Iraq Rumaila Oilfield Output 10% By Year-End", Government of the People's Republic of China, 2009/2010 Iraqi oil services contracts tender, "CNPC chairman starts courting private investors", UOP and CNPC collaborate on biofuels projects in China, "Sudan: China's Original Foothold in Africa", "PetroChina to acquire 67% interests in PetroKazakhstan", "Iran uses China bank to transfer funds to Quds-linked companies", "CNPC and Eni sign Mozambique gas deal for US$4.2 billion", "Chinese Corruption Probe Stretches Into Canada Billion-Dollar Oil-Sands Project Is Left in Limbo", China to evacuate South Sudan oil workers to capital, "Sudan to drill 11 new oil wells for $166.5 mln", "REFILE-Afghanistan signs major oil deal with China's CNPC", China’s Belt and Road Initiative through the Lens of Central Asia, Uzbekistan, intl consortium ink deal on exploring Aral Sea, "Russia's Putin signs 30 year gas deal with China", "Malaysia seizes $240 million from Chinese state firm's bank...", "China Faces Unexpected Problem Drilling for Oil in Iraq -- Farmers", Iraq and China Sign $3 Billion Oil Contract, "China Oil Deal Is New Source of Strife Among Iraqis", "French energy giant Total officially pulls out of Iran", "Iran says China's state oil firm withdraws from US$5-billion natural gas deal; U.S. sanctions may be to blame", "India, China Win On Venture's Bid For Syria Oil Stake ", "Prompt response to gas leakage keeps locals safe, sound", "Diesel spill contaminates Yellow River tributaries", "China Port Reopens After Oil Spill, Cleanup Continues", China Huanqiu Contracting & Engineering Corporation, China Petroleum Engineering and Construction Corporation, International Association of Oil & Gas Producers, https://en.wikipedia.org/w/index.php?title=China_National_Petroleum_Corporation&oldid=1008885274, Non-renewable resource companies established in 1988, Articles with dead external links from September 2017, Articles with permanently dead external links, Articles containing simplified Chinese-language text, Articles containing traditional Chinese-language text, Articles with unsourced statements from August 2014, Articles with unsourced statements from November 2018, Articles with unsourced statements from June 2016, Articles with unsourced statements from August 2018, Wikipedia articles with WORLDCATID identifiers, Creative Commons Attribution-ShareAlike License, This page was last edited on 25 February 2021, at 15:51. Follow the guidelines provided on this page for the proper application process. Welcome to the world of IndianOil, an integrated oil company in India and across the globe has its presence in almost all the streams of oil, gas, petrochemicals and alternative energy sources. Due to the periods involved it was decided to end its drilling campaign in New Zealand. Conviction, dedication and passion are the virtues that form the DNA of our organization and define its actions. The CNPC along with Sinopec has been involved in various projects relating to Iran oil/gas development. 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. [19], 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.[20]. Reportedly, nine were killed and nearly 40 injured. 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. 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. [26] The project progressed despite security problems with local farmers. On 5 November 2007, HK listed PetroChina was listed as an A-share in the Shanghai Stock Exchange. Newmont's Vision. 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. 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 kilometres from import terminals to consumption areas. [4] CNPC was ranked fourth in 2020 Fortune Global 500, a global ranking of the largest corporations by revenue.[5]. For the state-owned enterprise in Taiwan, see. [9] In 2006 67% of shares were sold from the parent company to PetroChina[10] (A group company of IndianOil) Chennai Petroleum Corporation Limited (CPCL), formerly known as Madras Refineries Limited (MRL) was formed as a joint venture in 1965 between the Government of India (GOI), AMOCO, and National Iranian Oil Company (NIOC). [33], 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. [citation needed], 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. [12], In July 2013, CNPC and Eni signed a $4.2 billion deal to acquire a 20% stake in a Mozambique offshore natural gas block. 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. [citation needed], CNPC's international operations began in 1993. 2 gas well. 16H gas well. Chennai Petroleum Corporation Limited (CPCL), formerly known as Madras Refineries Limited (MRL) was formed as a joint venture in 1965 between the Government of India (GOI), AMOCO, and National Iranian Oil Company (NIOC). It is involved in the exploration of iron ore, copper, rock phosphate, limestone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, etc. [31], In August 2018, Total officially withdrew from the Iranian South Pars gas field because of sanctions pressure from the US,[32] leaving CNPC to take up their 50.1% stake in the $5 billion natural gas field, of which it had already 30%. National Research Development Corporation (NRDC) was established in 1953 by the Government of India, with the primary objective to promote, develop and commercialise the technologies / know-how / inventions / patents / processes emanating from various national R&D ⦠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. 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. [25] The contract is a renegotiated version of a 1997 agreement between China and Iraq under Saddam Hussein. [14] Replacement of China National Petroleum's top representative in Canada was announced in July. [38], 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. Chairman’s Address at 54th Annual General Meeting of CPCL. CPCL was conceived as a grass root refinery in 1969 with an installed refining capacity of 2.5 MMTPA. 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. The worst of the spill initially covered 180 km2 (69 sq mi). A gas pipeline exploded on 20 January 2006 in Sichuan. The China National Petroleum Corporation (CNPC) (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; 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. The Companyâs world-class portfolio of assets, prospects and talent is anchored in favorable mining jurisdictions in North America, South America, Australia and Africa. [citation needed], In 2012, a CNPC subsidiary, the Bank of Kunlun, was sanctioned because of its financial relationship with the Islamic Revolutionary Guard Corps and the Quds Force. Vapour pressure at 40°C, kPa, gauge, Max. The company was purchased for $4.18 billion. CPCL stands tall among the public-sector refining companies in India, with one of the most complex refineries of its kind in the country, producing an array of value-added petroleum products. [citation needed], In July 1998, the government restructured the company in accordance with the upstream and downstream principle of the oil industry. [41], This article is about the state-owned enterprise in Chinese mainland. 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. [33] It held this 80.1% share until it withdrew its investment in October 2019 due to the US sanctions regime, according to Oil Minister Bijan Zangeneh and the SHANA news agency. 243 people died, 2,142 were hospitalised.[35]. [13], In June 2014, the "head of a key China National Petroleum subsidiary was recalled to Beijing" and fell "from public view". 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 2005, there were explosions at a CNPC owned petrochemical plant causing six deaths, a mass evacuation, and a massive oil spill over the Songhua River. N/B: Be ascertain that this information is only for zealous Nigerian graduates and non-graduates who desire to work for the Federal Government of Nigeria (FG) in 2021. 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. Rig 43 was then dismantled and shipped to other overseas locations and no longer operates in New Zealand. [15] CNPC has 30 international exploration and production projects with operations in Azerbaijan, Canada, Iran, Indonesia, Myanmar, Oman, Peru, Sudan, Niger, Thailand, Turkmenistan, and Venezuela. [14], CNPC holds proven reserves of 3.7 billion barrels (590,000,000 m3) of oil equivalent. to shut down operations in Iran. Our CSR vision has been carved out as “Strive for Educated, Healthy, Economically Developed and Environmentally Protected community around the Refineries.” We empower the society to be self-reliant and include them in our growth story. We also provide a full range of oilfield & engineering services and petroleum equipment. [21] It is heavily involved in the development of Kazakh oil after the acquisition of Alberta-based PetroKazakhstan, a company with all operations in Kazakhstan. In March 2014, CNPC Chairman Zhou Jiping announced that CNPC would be opening six business units to private investors. [7], 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 can be traced from the beginning as a governmental department of the Government of the People's Republic of China. Human Resources We create a fair, transparent and cooperative working environment for our employees in order to align and harmonize their values with the values of the company.
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