Taiwan PetroChina Co., Ltd., founded in 1946, is a high-efficiency/high-quality energy service provider, a Fortune 500 company, and a company engaged in oil and gas exploration, development, refining, transmission, storage and sales
The company's main business scope includes oil and gas exploration, development, refining, transportation, storage and sales, as well as the production and supply of petrochemical raw materials, with business facilities throughout Taiwan. In 2007, CNPC changed its name to CNPC Taiwan Co., Ltd. (CNPC) and retained its name, trademark and CPC English name to expand its international business, strengthen its roots in Taiwan and continue the valuable goodwill accumulated by CNPC over the years.
In order to fully grasp and stabilize the oil source, CNPC has been actively carrying out foreign cooperative exploration for many years, with tentacles covering the Americas, Asia-Pacific and Africa, and currently has cooperated in 13 mining areas in Ecuador, Indonesia, Venezuela, Australia, the United States, Kenya, Libya and Chad and other countries, and actively promoted cross-strait exploration cooperation with China National Offshore Oil Corporation. CNPC currently has 3 refineries in Kaohsiung, Taoyuan and Dalin, almost all of the crude oil refined depends on imports, mainly from the Middle East, and the oil products are given priority to supply the domestic market, while the export markets are mainly Japan, South Korea, Hong Kong, the Philippines, Singapore, Malaysia, New Zealand, Australia, Chinese mainland, the United States and the Middle East, etc., and will continue to develop the export market in the future to enhance the overall efficiency of the company.
CNPC started to promote the "Three Light Renewal Investment Plan" of Linyuan Petrochemical Plant to increase production through the replacement of old processes to reduce the supply gap of petrochemical raw materials in the southern region. In addition, in order to carry out the vertical integration of the upstream, midstream and downstream petrochemical industry, CNPC and the petrochemical industry jointly established "Guoguang Petrochemical Technology Co., Ltd.", with a view to leading the domestic petrochemical industry to stay in Taiwan, promote the overall economic development and create employment opportunities.
Taiwan's oil market is fiercely competitive, gas stations fully implement exquisite services, promote customer relationship management, and launch card self-service refueling, providing diversified services, successfully adhering to the domestic gas station channel market share of more than 70%. In addition, in view of the high efficiency, pollution-free, safe and convenient characteristics of natural gas, under the policy goal of "energy diversification", in order to ensure the stability of domestic gas supply, in addition to decentralizing gas sources, PetroChina has built two liquefied natural gas (LNG) terminals in Yongan and Taichung, so as to fully supply Taiwan's natural gas market through a complete transmission and storage system in Taiwan.
In terms of lubricants, the domestic market is highly competitive, with CNPC's market share of about 3%; In recent years, Chinese mainland, Southeast Asia and other regions have become important cities for international oil companies to compete for layout due to demand driven by economic development. In the future, CNPC will continue to strengthen its domestic marketing channels and develop overseas adulteration and multi-angle trade business. In terms of liquefied petroleum gas, CNPC is a major supplier in China, shouldering the task of fully supplying the needs of domestic people's livelihood, and will give full play to its quality advantages and make full use of Taiwan's perfect transmission and storage system and distribution network to stabilize the domestic market and expand export channels to create profits. In addition, in order to promote oil and gas dual-fuel vehicles, additional filling stations will be set up to improve air quality in the metropolitan area. In terms of solvent chemicals, we will improve product quality and image, devote ourselves to the development of new products and new businesses, expand markets such as Vietnam and mainland China, and enter the field of biotechnology to launch high-quality biotechnology products at reasonable prices.
In order to consolidate its operating advantages and strengthen its competitive strength, in addition to actively carrying out upstream exploration, updating the refining structure, expanding marketing channels and planning the vertical integration of the upstream, midstream and downstream petrochemical industry, PetroChina also cooperates with the company's business plan, conducts forward-looking research on new energy development through the two research institutes of exploration and mining, and continues to develop new products, create new businesses, move towards sustainable operation, and continue to provide high-efficiency and high-quality clean energy for the people of Taiwan, so as to become a safe, clean and competitive international energy company.
