Is Shandong United Energy Pipeline Transportation Co., Ltd. a state-owned enterprise or a private enterprise?

The enterprise is a state-owned holding enterprise, a subsidiary of Yantai Port and a backbone enterprise in the logistics industry. Established in 2009, Shandong United Energy Pipeline Transportation Co., Ltd. is one of the core enterprises under Yantai Port Group. 20 12 set up a joint venture with CNOOC Petrochemical Import and Export Co., Ltd., a wholly-owned subsidiary of China Offshore Oil Corporation. It is a state-owned oil pipeline enterprise integrating the advantages of ports and petrochemical industry. Mainly responsible for the construction and operation of crude oil (fuel oil) pipeline (hereinafter referred to as "Yanzi pipeline") from the west port area of Yantai Port to Zibo, undertaking the important task of transporting crude oil to Shandong refining and chemical enterprises such as Weifang, Zibo, Binzhou and Dongying, and playing an important logistics guarantee role in optimizing the oil transportation pattern in Shandong and even Bohai Bay, and promoting the rapid development of petroleum refining and related industries in Shandong Province.