Is Guanghui Petroleum Group a state-owned enterprise?

Guangming Oil Group is not a state-owned enterprise, but a private oil enterprise. Guanghui Petroleum Group was established in 1992, headquartered in Shenzhen, China, and founded by Dr. Xue Guanglin. After years of development, Guanghui Petroleum Group has become a comprehensive petroleum enterprise, covering all fields of the petroleum industry chain, including exploration, development, refining, warehousing, transportation and sales.

Guanghui Petroleum Group has oil projects and assets in China and overseas, and has set up branches in Singapore, the United States and other places. Through continuous innovation and expansion of business areas, the Group is committed to achieving sustainable development and a green economy.

Although Guanghui Petroleum Group is not a state-owned enterprise, it still plays an important role in China's energy field and contributes to the development of China's energy industry.