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Showing posts with the label China National Petroleum Corporation

The Four Petrochemical Giants

Internationalism No. 86, April 2026 Page 15 From the series Major industrial groups in China When the People's Republic of China was founded in 1949, oil extraction in the country was practically non-existent, and the country was completely dependent on imports. The exploration and development of domestic oil resources required a major effort. As Jin Zhang reports in his book Catch-up and Competitiveness in China [Routledge, 2004]: The required massive human resources were supplied by the People's Liberation Army (PLA). In 1952, Mao Zedong ordered the reorganisation of the 57 th Division of the 19 th Army of the PLA into the 1 st Division of Oil . The effort led to the discovery of several oil fields, the most significant of which was in Daqing, Heilongjiang Province, in northeastern China, in 1959. It became operational the following year, reaching a production capacity of 6 million tons (mt) per year within three years. This was f...