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Special Report: Oil & Gas Middle East Power 40 11-20

by Arabian Oil & Gas Staff on Apr 15, 2018



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11. Wang Yilin
Chairman, CNPC

It’s says a lot about the scale and potential of the firms ranked above Wang Yilin’s China National Petroleum Company that this titan of East Asia still doesn’t break into our top ten – but don’t be surprised if it does so soon.

CNPC generates 52% of China’s crude oil and 71% of its natural gas. Regionally too CNPC has notable interests.

It has just paid over $1bn for 10% stakes in two of ADNOC’s offshore concessions, with joint capacity of more than 900,000 bpd, while it already owns an 8% share in the firm’s main onshore oil concession CNPC also possesses shareholdings in several Iraqi oilfields, including super-giant Rumaila, and has interests in Iran.


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