major events: 2014

January 6

The world's largest SNG-to-LNG project, invested and constructed by CNPC affiliated Kunlun Energy Company China Natural Gas Co., Ltd., became operational at Wuhai city in Inner Mongolia. The project commenced in April 2011.

January 14

january 14CNPC closed the deal to purchase a 20% stake in Novatek’s Yamal LNG through China National Oil & Gas Exploration and Development Corporation, leaving Novatek with a 60% stake in the project and CNPC and Total S.A. with a 20% stake each.

February 4

HQCEC and Saudi Arabian Mining Company (Maaden) signed an EPC contract on Maaden's phosphate ore dressing project. The nearly USD 600 million project is the largest of its kind in the world, with an estimated capacity to handle up to 13.5 million tons of phosphate ore per year after its completion.

February 9
february 9

China's largest monomer marine uncompartmentalized carbonate gas reservoir was identified in the Longwangmiao formation at Moxi block in the Sichuan Basin, with newly added proven gas in place of 440.39 billion cubic meters and technically recoverable reserves of 308.2 billion cubic meters.

March 4

CNPC Trans-Asia Gas Pipeline Company Limited signed an agreement with Tajiktransgaz on jointly establishing a natural gas pipeline company to manage the construction of Line D of the Central Asia-China Gas Pipeline.

April 8

CNPC and Shell signed a global alliance agreement, under which the two companies will strengthen long-term cooperation in unconventional resources, deep water, LNG, and upstream and downstream businesses.

May 7

may 7The No.2 Gas Processing Plant of the Amu Darya project in Turkmenistan became operational, as a new source of natural gas for the Central Asia-China Gas Pipeline.

May 19-20

CNPC signed a purchase and sale agreement for LNG on the Yamal Project with Novatek and a work schedule on the commissioning of and crude supply to the Tianjin JV Refinery with Rosneft. CNPC also signed an agreement with KazMunayGas on the pipeline tariff of crude through the Kazakhstan-China Crude Oil Pipeline and tariff. income distribution of each section owner, and a framework agreement on building a large diameter steel pipe plant in Kazakhstan.

May 21

may 21CNPC and Gazprom signed a purchase and sale contract on gas supply via the eastern route of the Russia-China Gas Pipeline.

May 31

Line C of the Central Asia-China Gas Pipeline became operational. The 1,830km Line C runs in parallel with Line A and Line B, with a designed annual delivery capacity of 25 billion cubic meters.

June 20

The State-owned Assets Supervision and Administration Commission of the State Council held a working meeting on the establishment of the board of CNPC and the appointment of outside directors.

July 21

july 21CNPC signed a new fuel oil trading contract with PDVSA through the Joint Chinese-Venezuela Fund, under which CNPC will purchase an additional 100,000 barrels of fuel oil per day from Venezuela for three years since the date of signing.

July 22

CNPC and CUPET of Cuba signed a framework agreement on increasing crude output and production sharing of Seboruco Oilfield, and a cooperation agreement on providing drilling services with 9,000m rig.

August 18

The second phase of CNPC's 10Mt/a Halfaya Project in Iraq began to deliver crude oil. The project consists of a 272km-long transportation pipeline, a 5Mt/a crude processing center, pumping stations, and 43 wells to be drilled and completed.

August 19

CNPC and Uzbekneftegaz signed an agreement on Line D of the Central Asia-China Gas Pipeline in Uzbekistan, and an MOU for building a natural gas chemical plant at Mubarek.

August 21

CNPC and the Petroleum Authority of Mongolia signed an MOU on strengthening cooperation in the petroleum sector between the two sides.

August 25

The western section of the Third West-East Gas Pipeline was completed. The Pipeline is the first key national project open to public and private capital.

August 30

august 30The auxiliary project for sour crude processing became operational at Guangxi Petrochemical.

September 1

Construction commenced of the Russian section of the eastern route of the Russia-China Gas Pipeline. With a total length of 2,680km in Russia, the eastern route gas pipeline will start to transmit natural gas to China from 2018.

September 13

september 13Construction of the Tajik section of Line D of the Central Asia-China Gas Pipeline commenced. With a total length of 1,000km, and 840km outside China, Line D of the Central Asia-China Gas Pipeline has a designed annual delivery capacity of 30 billion cubic meters. It will be another trunk line for natural gas imports from Central Asia, such as Line A, Line B and Line C which are already operational.

October 13

CNPC signed a technical agreement on the construction and operation of the eastern route of Russia-China Gas Pipeline with Gazprom, and an agreement for furthering strategic cooperation with Rosneft, respectively.

November 6

CNPC closed the deal to purchase the Peruvian unit of Petrobras. PetroChina Latin America (Peru) took over Block 10, Block 57 and Block 58 from Petrobras Energia Peru S.A.

November 9

novemberCNPC signed a framework agreement on gas imports from Russia via the western route with Gazprom, and a cooperation framework agreement on the Vankor Oilfield project with Rosneft, respectively.

November 12

CNPC and Peru's Ministry of Energy and Mines signed an MOU on oil and gas cooperation. According to the MOU, the two sides will expand cooperation in exploration and development, natural gas processing and chemicals.

November 14

CNPC and the Myanmar Ministry of Energy signed an MOU on expanding oil and gas cooperation, in a bid to bring energy cooperation between the two sides to the next level.

December 14

CNPC and KazMunayGas signed an agreement on expanding cooperation in oil and gas technology.