Is Xing 'an Petroleum Private?

Yes According to the information of official website of the State Administration for Industry and Commerce, Xing 'an Petroleum Co., Ltd. of Inner Mongolia Forest Industry Group is an organization invested by individual capital and engaged in production and business activities according to law, belonging to a private enterprise. Xing 'an Petroleum Co., Ltd. of Inner Mongolia Forest Industry Group is invested and controlled by the cash capital and net assets of gas stations, oil depots and special railway lines directly under the former forestry materials company, and the forestry bureaus are invested in shares with the net assets of foreign-funded gas stations that have obtained business qualifications.