cnpc
China’s oil Juggernaut CNPC Snaps up 8 percent Stake in Abu Dhabi’s Oil Venture
| Girish Shetti | | Feb 20, 2017 01:47 AM EST |
China's state owned oil and petroleum giant The China National Petroleum Corporation (CNPC) has snapped an 8 percent stake in Abu Dhabi's largest oil concession in a deal that is worth estimated to be $1.77 billion.
China May Quadruple Gas Imports by 2030
| Charissa Echavez | | Aug 09, 2016 03:53 PM EDT |
China may increase its gas imports from 53 billion cubic meters per year to between 190-270 billion by 2030, according to Li Yueqiang, head of the China National Petroleum Corp. (CNPC) International Department.
Chinese State-Owned Oil Company to Divest Itself of Hotels and Cars
| Benjie Batanes | | Sep 14, 2015 09:25 AM EDT |
A Chinese government-owned oil company has announced on Monday that it will divest most of its hotels and let go of several thousand vehicles. The move is seen as an effort by the company to stamp out graft and corruption within its ranks.
China To Build Its Own ExxonMobil
| Geann Pineda | | Feb 19, 2015 09:02 PM EST |
China is planning to merge its biggest state-owned oil companies in a bid to become globally competitive amid sliding crude oil prices.
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