Zhenhua Oil is the oil exploration and production subsidiary of Chinese defense contractor Norinco. The company was set up in 2003.
| Industry | Oil and gas industry |
|---|---|
| Founded | 2003 |
| Website | www |
According to the company in 2017, it maintains oil and gas exploration and production operations in 11 countries including Egypt, Myanmar, Kazakhstan and Iraq.[1] In particular it is active in Iraq with upstream investments and a marketing joint venture with the State Oil Marketing Organization, the Iraqi state oil marketing arm.[2] The company is also reported to have been active in Iran, supplying as much as one third of the country's gasoline imports by 2010.[3][4] In 2017 a consortium around Zhenhua agreed to purchase gas fields in Bangladesh from Chevron, however the transaction was blocked by the local government.[5][6][7]
References
edit- ^ "China's Zhenhua Oil setting up Singapore trading office". Reuters. March 30, 2017.
- ^ "ZhenHua expands China's role in Iraq's oil sector". Iraq Oil Report. March 13, 2018.
- ^ Lovelace, Douglas C. Jr. (2017-06-07). TERRORISM: COMMENTARY ON SECURITY DOCUMENTS VOLUME 145: The North Korean Threat. Oxford University Press. ISBN 9780190654221.
- ^ Ilias, Shayerah (February 2010). Iran's Economic Conditions: U. S. Policy Issues. DIANE Publishing. ISBN 9781437920246.
- ^ "Chevron officially announces to stay in Bangladesh". Dhaka Tribune. 2017-10-29. Retrieved 2018-08-03.
- ^ Das, Krishna N. "Chevron to sell Bangladesh gas fields to Chinese consortium". U.S. Retrieved 2018-08-03.
- ^ "Chevron drops decision to sell to China and leave Bangladesh - Business News | The Star Online". www.thestar.com.my. Retrieved 2018-08-03.
