Brief Introduction of China Petroleum Group Company

Taiwan Province China Petroleum Co., Ltd. (hereinafter referred to as PetroChina) was established in Shanghai on June 1946, with all its capital contributed by the state treasury. It was originally the Resources Committee of the Ministry of Economic Affairs of Taiwan Province Province (the predecessor of the State-owned Enterprise Committee). 1949 moved to Taiwan Province province with the national government in June, and was placed under the Ministry of Economic Affairs, and a head office was established. Its main business scope includes the exploration, development, refining, storage and sales of oil and natural gas, as well as the production and supply of petrochemical raw materials, with a turnover of NT$ 457.8 billion in 2003.