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PetroChina West Pipeline Co, Ltd

( chinadaily.com.cn )

Updated: 2012-04-25

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PetroChina West Pipeline Co, Ltd was set up in August 2004 with approval from the China National Petroleum Corporation (CNPC). As a member enterprise of the CNPC, the company is responsible for the construction and operation management of crude oil and refined oil product transmission pipelines in west China. It is jointly invested in by CNPC, PetroChina Co, Ltd, Daqing Petroleum Management Bureau, Xinjiang Petroleum Management Bureau, China Petroleum Pipeline Bureau, Changqing Petroleum Exploration Bureau, Tuha Petroleum Exploration and Development headquarters, and Tarim petroleum exploration and development headquarters.

The company's business covers the storage and sales of petroleum and its products. That is, development, promotion and application of petroleum storage and transportation technologies, and consulting services for petroleum storage and transportation projects.

The company has been registered in Urumqi city of Xinjiang, with 8 billion yuan of registered capital.

The names of the company's investors and their investment lines are: CNPC, investing 2.5 billion yuan for 31.25 percent of the registered capital; PetroChina Co, Ltd, invested one billion yuan for 12.5 percent of the registered capital; Daqing Petroleum Management Bureau invested one billion yuan for 12.5 percent of the registered capital; Xinjiang Petroleum Management Bureau invested one billion yuan for 12.5 percent of the registered capital; China Petroleum Pipeline Bureau invested one billion yuan for 12.5 percent of the registered capital; Changqing Petroleum Exploration Bureau invested 500 million yuan for 6.25 percent of the registered capital; Tuha Petroleum Exploration and Development headquarters invested 500 million yuan for 6.25 percent of the registered capital; and Tarim petroleum exploration and development headquarters invested 500 million yuan for 6.25 percent of the registered capital.