Introduction of Shaanxi Yanchang Petroleum (Group) Co., Ltd.
Shaanxi Yanchang Petroleum (Group) Co., Ltd, BYP for short, is a internationallylistedpetroleum and chemical industry enterprise with a major focus in oil and gas exploration anddevelopment, refining, chemical and marketing, and new energy exploration, development, and utilization. By virtue of its most competitive resources, advanced technologies, and competitive management, BYP has become a leading energy enterprise in the Chinese petroleum andchemical industry with a solid foundation and large scale, a high level of equipment, strong technical force, and a broad development vision.
Incorporated in2002, BYP is the largest upstream oil and gas exploration and developmentcompany in central and western China. The Group produces over 2,300 barrels of crude oil and over 6 billion cubic feet of natural gas per day. BYP is also the largest natural gas producer in China. The Group leverages advanced technologies and business concepts to provide optimized oil and gas production, refining and chemical services, and continuously works diligently to improve all aspects of safety, environmental protection and energy efficiency.
BYP has established a solid and mature upstream oil and gas exploration and development platform. The Group has established strongrelationships with various business partners, including major national and international oil and gas companies. By closelyintegrating the resources of its upstream, midstream, and downstream oil and gas business partners, the Group strives to provide customers with comprehensive services, including enhanced services in the upstream business and full coverage of the midstream and downstream business. Moreover, BYP actively explores and develops unconvented reserves, expands theapplication of advanced technologies, and leads the industry with optimized combination of technology and management.
In addition to its core upstream oil and gas exploration and development, BYP is also engaged in refining, chemical, and marketing business. The Group’s first-class refining facilities and production lines are capable of processing more than 10.2 million tons of crude oil annually, and can produce 16 series of refined fuels and chemical products, such as gasoline, diesel fuel, aviation kerosene, fuel oil, and lubricating oil, as well as other chemical products. BYP has large-scalemarketing and sales network covering provinces and many cities in China. The Group owns more than20,000 large and medium-sizedoil supply and service stations across the country, which better positions BYP to meet customer’s various fuel needs.
BYP is also at the leading edge of new energy development. The Group has formed a newenergy business platform which covers a variety of renewable energy sources, new energy technologies, and strategic energy partnerships. With the development of new energy technologies, BYP is committed to creating an optimized energy solution by utilizing its natural resources and new energy technologies to power the country’s sustainable development goals.
BYP has a solid foundation and large scale, the most advanced equipment and technology, the most competitive resources and management, as well as a broad vision for development. As a leader in the petrochemical industry, BYP is committed to providing optimized oil and gas exploration and production, refining, chemical processing and marketing services, and also to exploring new energy technologies and developing clean energy sources. With continuous innovation and striving for excellence, the Group will spare no effort to actively contribute to China’s oil and gas industry, new energy development and energy conservation and environmental protection.
