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Xinjiang Sinopec or PetroChina?
Xinjiang, southern Xinjiang has more oil and northern Xinjiang has more Sinopec. PetroChina (Sinopec Group) and Sinopec (China Petrochemical Co., Ltd.) have extensive business layout in Xinjiang. Both companies have investments and businesses in petroleum, petrochemical and other related industries in Xinjiang. Specifically, PetroChina has a Xinjiang Petroleum Branch in Xinjiang, which is mainly engaged in oil exploration, development and production. PetroChina also has petroleum and petrochemical industrial bases in Xinjiang, including Korla Petroleum and Petrochemical Industrial Base and Hami Petroleum and Petrochemical Industrial Base, and is committed to promoting the development of petroleum and petrochemical industry in Xinjiang. Sinopec also has a series of petrochemical projects and industrial layout in Xinjiang. For example, Sinopec set up the Xinjiang Petroleum Branch of Petrochemical Co., Ltd. in Xinjiang, mainly engaged in the sales of refined oil. In addition, Sinopec also has a refining engineering company and several petrochemical projects in Xinjiang, such as Urumqi Refinery and Kashgar Petrochemical Project.
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