Introduction to Shaanxi Yan'an Oil and Gas Co., Ltd.

Shaanxi Yan'an Oil and Gas Co., Ltd. is located in Ansai County. It is invested by China National Petroleum Corporation and Yanchang Petroleum Group respectively, with a registered capital of 2 billion yuan (of which: CNPC invested 1.02 billion yuan, accounting for 51%, The management of Changqing Oilfield Branch is fully entrusted; Yanchang Petroleum Group invested 980 million yuan, accounting for 49%). The establishment of Shaanxi Yan'an Oil and Gas Co., Ltd. is a major achievement of PetroChina and the Shaanxi Provincial Party Committee and the Provincial Government to jointly implement the scientific development concept and achieve common and harmonious development. It marks the entry of cooperation between Shaanxi Province and PetroChina. Entering a new stage, it will surely create a new situation of scientific and efficient development of oil and gas resources in northern Shaanxi, coordinated development, and mutual benefit and win-win.