Zhenhua Oil
Chinese state-owned oil company
From Wikipedia, the free encyclopedia
Zhenhua Oil is the oil exploration and production subsidiary of Chinese state-owned defense contractor Norinco. The company was set up in 2003.
| Type | State-owned |
|---|---|
| Industry | Oil and gas industry |
| Founded | 2003 |
| Parent | Norinco |
| Website | www |
According to the company in 2017, it maintains oil and gas exploration and production operations in 11 countries including Egypt, Myanmar, Kazakhstan and Iraq.[1] In particular it is active in Iraq with upstream investments and a marketing joint venture with the State Oil Marketing Organization, the Iraqi state oil marketing arm.[2] The company is also reported to have been active in Iran, supplying as much as one third of the country's gasoline imports by 2010.[3][4] In 2017 a consortium around Zhenhua agreed to purchase gas fields in Bangladesh from Chevron, however the transaction was blocked by the local government.[5][6][7]
In March 2025, Zhenhua Oil halted purchases of Russian oil due to international sanctions during the Russian invasion of Ukraine.[8]
