United Energy Group
| Industry | Oil & gas |
|---|---|
Number of locations | China, Pakistan, Iraq, Egypt, Dubai |
| Website | uegl |
The United Energy Group (UEG) (SEHK: 467) is a Chinese oil & gas exploration and production company. The company pursues projects in Pakistan and Indonesia and is looking into further investment options in South East Asia and the Americas.
Corporate affairs
[edit ]UEG is a Hong Kong listed company but controlled by Zhang Hongwei, a majority shareholder in mainland China, who owns 71.7% of the company.[1] [2]
China
[edit ]The company undertook a joint venture with the China National Petroleum Company to develop the Liaohe EOR Project in Liaoning, China until it announced termination of the project in 2016.[3]
Pakistan
[edit ]In 2012, UEP secured a credit line of 5ドル billion from China Development Bank for its Pakistani operations and other potential acquisitions.
In March 2018, UEP acquired OMV Pakistan assets for US192ドル million.[4]
In FY2019, United Energy Pakistan was the largest foreign oil and gas exploration and production company in Pakistan.
External links
[edit ]
References
[edit ]- ^ "Zhang Hongwei profile". Telegraph. October 10, 2013.
- ^ "United Energy posts 18.9 per cent rise in interim profit as output offsets lower oil prices". South China Morning Post. August 7, 2015.
- ^ "United Energy scraps Liaohe EOR project". China Daily. February 26, 2016.
- ^ Baloch, Farooq (2018年03月01日). "OMV Pakistan divests upstream business to United Energy for 192ドル million". Profit by Pakistan Today. Retrieved 2024年07月25日.
