Shaanxi Yanchang Petroleum (Group) Co., Ltd. is one of the four qualified enterprises to explore and develop oil and gas in China, has been a time-honored pioneer engaged onshore oil exploitation. In 2012, it ranked No.89 among top 500 Chinese companies. |
· Century’s Development · o In 1905, Yanchang has a long history. More than 2,000 years ago, its oil wells were recorded in theHistory of Han Dynastywritten by Ban Gu. In 1905, Yanchang Oil Plant was founded, which became the first-ever oil enterprise in China. o o In 1907, Yanchang drilled the first onshore oil well “Yanyi Well” in China, putting an end to the history of no oil production in mainland China, and filling the blank of Chinese industry. In October 1907, Yanchang established the first refinery in China, which produced lamp oil that could be comparable to the imported In 2012, Yanchang Petroleum produced 12.64 million Yuan tons of crude oil, processed 14 million Yuan tons of crude oil and realized sales revenue of RMB 162.1 billion Yuan and profit and tax of RMB 62.6 billion Yuan (including RMB 45.6 billion Yuan paid to financial authorities). Its total assets reached RMB 209 billion Yuan by the end of December 2012. It took the 89th place among top 500 Chinese enterprises in terms of scale and the 24th place among top 200 enterprises in terms of benefit. It may be listed among top 500 global fortunes in 2013.
· Main Business Businesses include oil and gas exploration, engineering construction, technical research and development, equipment manufacturing, Oil and gas development, petrochemical engineering, oil refining, comprehensive chemical engineering of oil, gas, coal, and salt, pipeline transport, ect.
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