Is China Fuel Corporation a state-owned enterprise?

It is a state-owned enterprise.

China Fuel Co., Ltd. is a mixed-ownership enterprise restructured from China Fuel Corporation, a subsidiary of ministry of materials and equipment. Founded in June 1988 10, the company's business covers refined oil, natural gas, coal, chemical products, logistics, machinery manufacturing, engineering design, construction, bidding agency, engineering management, financial services, import and export trade, etc.

China Fuel Co., Ltd. is the energy safety deployment organization of the State Council Materials and Equipment Department. All provinces, municipalities and autonomous regions have set up fuel companies to implement vertical management to ensure the allocation and supply of fuel (coal and oil) for the production of state-owned enterprises and residents' daily life.

Extended data

China Gas has more than 40 domestic refined oil, coal and thermoelectric enterprises, and has formed a complete industrial chain around the energy industry.

Based on the energy field, China National Combustion Corporation (CNCC) takes internet plus and financial services as its wings to build a new energy economic industrial chain of oil, natural gas and coal from design, research and development, exploration, mining, production, processing, storage and transportation and terminal sales. Achieve the goal of "double billion" with sales revenue exceeding 1000 billion yuan and capital market value exceeding 1000 billion yuan, and build China Fuel Group into a key energy supply enterprise with international influence in China.

China Fuel Co., Ltd.-Company Profile