New Job openings are available at Petro China Company Limited, which is a Chinese Oil and Gas company and is listed arm of state owned China National Petroleum Corporation (CNPC). The company has its headquarters in Dongcheng District Beijing. This is China’s biggest oil producer and working at this company will be a major breakthrough in the career of the applicant. So those who are searching for opportunities to shine, here is an open door, so don’t miss it and apply.
PetroChina was created as a joint stock company under the Company Law of the People’s Republic of China in 1999. The company initially had limited liabilities. This was an attempt to restructure CNPC, which allowed CNPC to transfer most of its assets to PetroChina for the exploration and production, refining and marketing, chemicals and natural gas businesses. Corporate management was the main success behind the company. It’s near duopoly on the wholesale and retail business of oil products shared with Sinopec in China was also thought behind the success.
PetroChina signed a deal worth A$50 billion deal with ExxonMobil to purchase liquefied natural gas from the Gorgon field in Western Australia. This ensured a steady supply of LNG fuel for 20 years and is the biggest supply of clean energy to China. In 2011, PetroChina agreed purchase a 49% stake in Canada’s Duvernay shale assets owned by Encana for 5.4 billion dollars. This is China’s biggest investment in shale gas. Its subsidiary is named Phoenix Energy Holdings in Canada.