China’s state owned oil companies, mainly China National 

Petroleum Corporation (CNPC), China Petroleum & Chemical 

Corporation (Sinopec), and China National Oshore Oil 

Corporation (CNOOC), own most large oil and gas elds in China.

CNPC owns the Daqing, Changqing, Xinjiang, Liaohe, Jilin, Tarim 

oilelds; Sinopec has the Shengli, Zhongyuan, and Henan oilelds; 

and CNOOC controls the Bohai Oileld. China’s major oilelds and 

their production in year 2020 is tabulated in Appendix 1.

According to the International Petroleum Economics (Volume 4, 

2021), the crude oil production of CNPC, Sinopec, CNOOC, and 

the Yanchang Petroleum Group over 2020 were 102.253 million 

metric tons (52.7%), 35.144 million metric tons (18.1%), 45.418 

million metric tons (23.4%), and 11.202 million metric tons (5.8%), 

respectively

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