(Oilchina.com, Dec 30, 2006) According to China¡¯s guidelines on the 11th Five-Year Plan, Shaanxi Province plans to further push forward state assets to converge in important industries and key fields, and to build several competitive corporations and groups.

Shaanxi Yanchang Petroleum Group, with a history more than 100 years, has up to 20.631 billion yuan worth of total assets. It has an annual capacity of 8 million metric tons of crude oil output and more than 10 million metric tons of crude oil processing, becoming the fourth largest oil exploration and refining company in China.
source:Oilchina.com
Drawn from Chinese language press