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China Petrochemical Co., Ltd., referred to as "China Petrochemical" or "China Petrochemical" for short, is a super-large petrochemical enterprise group reorganized by the state on the basis of the original sinopec group 1998, and is a central enterprise directly under the State-owned Assets Supervision and Administration Commission of the State Council.

By the end of 20 1 1, China Petrochemical was the second largest oil and gas producer in China. The company's oil and gas exploration and development blocks are located in the east, west and south of China. Up to 20 1 1, 12, 3 1, there are 297 block exploration licenses with a total area of 966,800 square kilometers, and there are 92 mining licenses1with a total area of 20,300 square kilometers.

20 1 1 year, the company * * increased the recoverable reserves of oil and gas by 4107300 barrels of oil equivalent, including 280.92 million barrels of crude oil and 77886438+09 billion cubic feet of natural gas. In the whole year, * * produced 32 1.73 million barrels of crude oil and 5 1.694 million cubic feet of natural gas. Shengli Oilfield is the company's most important crude oil production base, with crude oil output of 1 1 year * *+094. 1 1 10,000 barrels.