Yanchang Petroleum International Limited (0346)

Overview

Yanchang Petroleum International Limited is an investment company with a primary focus on the oil industry within the People's Republic of China, boasting activities that span across the exploration, exploitation, and operational aspects of the sector. Established initially as Sino Union Energy Investment Group Limited in 2001 and rebranded in May 2012, the company has solidified its presence in the oil market. Headquartered in Causeway Bay, Hong Kong, it serves as a key subsidiary of Yanchang Petroleum Group (Hong Kong) Co., Limited. Yanchang Petroleum International is involved in various facets of the oil supply chain including the wholesale, retail, storage, and transportation of refined oil products. In addition, the company has made substantial investments in acquiring, exploring, exploiting, developing, and producing crude oil and natural gas. Its business operations are not confined to the domestic arena but extend internationally, with oilfield blocks in Saskatchewan and Alberta, Canada under its ownership. The company operates through two main business segments: Exploration, Exploitation and Operation Business; and Supply and Procurement Business, enabling it to maintain a significant influence in both the upstream and downstream sectors of the oil industry.

Products and Services

• Wholesale and Retail of Refined Oil - Yanchang Petroleum International offers comprehensive solutions in the distribution of refined oil products catering to a wide range of industries. This includes the supply of gasoline, diesel, and other refined products needed for various industrial, commercial, and consumer applications.
• Storage and Transportation Services - The company provides efficient and secure storage and transportation solutions for crude oil, gas, and other petroleum products. Utilizing a network of storage facilities along with a fleet of transport vehicles, Yanchang Petroleum ensures the safe and timely delivery of products.
• Oil and Gas Exploration and Production - At the core of its operations, Yanchang Petroleum is involved in the exploration and production of crude oil and natural gas. The company leverages advanced technology and extensive industry expertise to discover and exploit resources, particularly focusing on its interests in oilfield blocks located in Saskatchewan and Alberta, Canada.
• Trading and Distribution of Oil Related Products - Beyond its primary operations, the company also engages in the trading and distribution of a broad range of oil-related products. This includes the procurement and sale of petrochemicals and other specialty products derived from petroleum, catering to diverse market needs.