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Shaanxi Yanchang Petroleum (Group) Co., Ltd. is a large-scale energy and chemical enterprise integrating the development, comprehensive utilization and deep transformation of various resources such as oil, natural gas and coal.
Yanchang oil has a long history. It was approved by Qing government to build "Yanchang oil factory" in Yanchang County of Shaanxi Province in 1905. In 1907, it was drilled into China's onshore oil well, ending the history of China's onshore non oil production. Since the reform and opening up, especially after two restructuring in 1998 and 2005, Yanchang oil has stepped into the fast lane of sustainable development. In 2007, the crude oil output exceeded 10 million tons; in 2010, the sales revenue exceeded 100 billion yuan; in 2013, it entered the top 500 enterprises in the world; in 2016, it completed 11.27 million tons of oil and gas equivalent, processed 13.31 million tons of crude oil, produced 4.59 million tons of chemicals, and the total assets at the end of the year reached 316.6 billion yuan.
Yanchang Petroleum industry mainly covers oil and gas exploration and production, processing, storage and transportation, sales, petroleum refining, kerosene and gas comprehensive chemical industry, coal and electric power, engineering design and construction, technology research and development and pilot test, new energy, equipment manufacturing, financial services and other fields. At present, it has a crude oil production capacity of 12.75 million tons / year, a refining capacity of 17.4 million tons / year, a natural gas production capacity of 2.9 billion cubic meters / year, a coal production capacity of 8 million tons / year, and a chemical production capacity of 5 million tons / year. In particular, through the continuous efforts of the "11th Five Year Plan" and "12th Five Year Plan", we have explored a differentiated and characteristic development path of comprehensive utilization and deep conversion of kerosene and gas resources.
Yanchang Petroleum has become a group enterprise in line with the requirements of modern enterprise system, with 22 wholly-owned and holding subsidiaries, 8 branches, 1 directly affiliated institution, 10 joint-stock companies, and 3 listed companies of Yanchang Petroleum International (hk00346), Xinghua (sz002109) and Yanchang chemical construction (sh600248). Yanchang oil has built a diversified financial platform, established financial companies, investment companies, Yanchang low carbon fund, guantian leasing company and other financial institutions, and participated in Changan bank and Yong'an insurance, realizing the coordinated development of real industry and financial business.
Looking forward to the future, Yanchang Petroleum will conscientiously implement the development concept of "innovation, coordination, green, opening and sharing", take the supply side structural reform as the main line, adhere to the "one body and two wings" development strategy with the energy and chemical industry as the main body and the industrialization of science and technology and the combination of industry and finance as the two wings, accelerate the pace of structural adjustment, transformation and upgrading, and strive to build a respectable innovative country International energy and chemical company has made new and greater contributions to the economic and social development of the old areas in Northern Shaanxi, Shaanxi catching up and surpassing, and national energy security.
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