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China Petrochemical Corporation
Release time:
2019-04-28
China Petrochemical Corporation (hereinafter referred to as the “Company”) is a super-large petrochemical enterprise group established in July 1998 through the restructuring of the former China National Petroleum and Chemical Corporation. The Company has a registered capital of 274.9 billion RMB, with the Chairman serving as its legal representative. Its headquarters are located in Beijing. The Company exercises its rights as an investor—including the right to enjoy asset returns, make major decisions, and select managers—over state-owned assets held by its wholly-owned enterprises, controlling enterprises, and equity-participated enterprises. It conducts, manages, and supervises these state-owned assets in accordance with the law and accordingly assumes responsibility for preserving and enhancing their value. The Company’s core business scope includes: industrial investment and investment management; exploration and development of oil and natural gas; and...
China Petrochemical Corporation (hereinafter referred to as the “Company”) is a super-large petroleum and petrochemical enterprise group established in July 1998 through the restructuring of the former China National Petroleum and Chemical Corporation. The Company has a registered capital of 274.9 billion RMB, with the Chairman serving as its legal representative. Its headquarters are located in Beijing. The Company exercises its rights as an investor—including the right to enjoy asset returns, make major decisions, and select managers—over state-owned assets held by its wholly-owned enterprises, controlled enterprises, and equity-participated enterprises. It conducts, manages, and supervises these state-owned assets in accordance with the law and accordingly assumes responsibility for preserving and enhancing their value.
The company’s core business scope includes: industrial investment and investment management; exploration, extraction, storage, transportation (including pipeline transportation), sales, and comprehensive utilization of oil and natural gas; coal production, sales, storage, and transportation; petroleum refining; storage, transportation, wholesale, and retail of refined petroleum products; production, sales, storage, and transportation of petrochemicals, natural gas chemicals, coal chemicals, and other chemical products; production, sales, storage, and transportation of new energy sources and geothermal energy products; exploration, design, consulting, construction, and installation of petrochemical engineering projects; maintenance and repair of petrochemical equipment; research, development, manufacturing, and sales of mechanical and electrical equipment; production and sales of electricity, steam, water, and industrial gases; research, development, application, and consulting services related to technology, e-commerce, information, and alternative energy products; self-operated and agency import and export of relevant goods and technologies; overseas engineering contracting, tendering and procurement, and labor export; as well as international warehousing and logistics services.
Currently, the company is China’s largest supplier of refined oil and petrochemical products, the second-largest producer of oil and gas, the world’s largest refinery operator, and the second-largest chemical company. It ranks second globally in total number of gas stations and was ranked third among the Fortune Global 500 companies in 2017.
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