Abstract
The China National Petroleum Corporation (CNPC) is a Chinese state-owned fuel-producing corporation. It is China's largest integrated oil and gas company. As of 2006, it was the second largest company in the world in terms of number of employees. CNPC holds proved to be equivalent of reserves of 3.7 billion barrels of oil. CNPC spun off most of its domestic assets into a separate company called PetroChina, during a restructuring exercise. CNPC has 30 international exploration and production projects with operations in Azerbaijan, Canada, Indonesia, Myanmar, Oman, Peru, Sudan, Thailand, Turkmenistan, and Venezuela. It also made the successful historic acquisition of PetroKazakhstan (US$4.18 billion) on October 26th, 2005. CNPC has been present in Sudan since 1996 and now has oil and gas assets and interests in the country, while also providing oilfield services.
