Energy is the cornerstone and lifeblood of a nation's economy. As a China-based transnational oil company, ZhenHua Oil has been committed, since its incorporation, to meeting the ever growing domestic demand for energy. Over the years, ZhenHua Oil, under the guidance of national energy policies, has given full play to its strengths in marketing, financing, human resources and corporate governance to acquire overseas hydrocarbon resources, to jointly with partners develop oil and gas projects and to actively develop crude and oil products trade. These efforts have led to rapid growth. It has now established a complete industrial chain, ranging from overseas exploration, development, production and R&D to oil trading, storage and transportation and refining.
A review of the past 100-year history of the oil industry tells that the prosperity of an international oil company depends on the emergence and development of new oil consumption markets. China’s booming economy and increasing energy demand provide a historic opportunity for ZhenHua Oil’s development.
Looking forward to the future, ZhenHua Oil will expand across the world from its base in China. It will pursue mutually beneficial cooperation, share development achievements and work together for a better future with its domestic and international partners.
Mr. Liu Yijiang Chairman