page_title: Shaanxi Yanchang Petroleum
section_title: Competition and Federal Government Support
hierarchical_section_title: Shaanxi Yanchang Petroleum / Corporate Growth / Competition and Federal Government Support
caption_attribution_description: Deutsch: Tankstelle der chinesischen Firma Sinopec in Hongkong English: Gas Station Sinopec in Hong Kong
context_page_description: Shaanxi Yanchang Petroleum Group is a Chinese conglomerate mainly engaged in the exploration, production, transportation, and sale of petroleum and natural gas, and in addition the production and sales of petrochemical products. Founded in 1905, it is the fourth largest oil producer in the country. Almost all its reserves and refineries are located in Shaanxi.
context_section_description: In a report published in 2005, the largest oil and gas producers in China that are in direct competition with Yanchang Petroleum Group are China Petroleum and Chemical Corporation (Sinopec), China National Petroleum Corporation (CNPC) operating with its most recognized subsidiaries Sinopec and PetroChina, China National Offshore Oil Corporation (CNOOC) and Sinochem Group. 
  Sinopec, CNPC, and CNOOC are state owned companies. Currently, Sinopec, CNPC, and CNOON are listed in one of more of three major global stock indices, namely the NYSE, Shanghai Stock Index, and Hong Kong stock exchange.
  Yanchang Petroleum Group is currently controlled by the provincial government and only has provincial support. This limiting factor is the reason why Yanchang Petroleum Group does not have the financial resources to expand its production as aggressively as the other state owned companies. During the COVID-19 pandemic, oil companies around the world has suffered catastrophic losses, and Yanchang Petroleum Group is not immune to the downturn of the global oil market. The health of Yanchang Petroleum Group is currently unknown due to limited information and strict news censorship of the state government regarding economic and industrial health.
caption: Sinopec is one of China's largest petroleum companies.
exif: {"Image ImageWidth": "4288", "Image ImageLength": "2848", "Image BitsPerSample": "[8, 8, 8]", "Image PhotometricInterpretation": "2", "Image Make": "NIKON CORPORATION", "Image Model": "NIKON D300S", "Image Orientation": "Horizontal (normal)", "Image SamplesPerPixel": "3", "Image XResolution": "300", "Image YResolution": "300", "Image ResolutionUnit": "Pixels/Inch", "Image Software": "Adobe Photoshop CC (Windows)", "Image DateTime": "2014:03:25 21:25:54", "Image Artist": "Ralf Roletschek", "Image YCbCrPositioning": "Centered", "Image Copyright": "(C) Ralf Roletschek", "Image ExifOffset": "368", "GPS GPSVersionID": "[2, 2, 0, 0]", "GPS GPSLatitudeRef": "N", "GPS GPSLatitude": "[22, 194833/10000, 0]", "GPS GPSLongitudeRef": "E", "GPS GPSLongitude": "[114, 51661/5000, 0]", "GPS GPSAltitudeRef": "0", "GPS GPSAltitude": "14", "GPS GPSTimeStamp": "[9, 42, 6]", "GPS GPSSatellites": "07", "GPS GPSImgDirectionRef": "M", "GPS GPSImgDirection": "2667/10", "GPS GPSMapDatum": "WGS 84", "GPS GPSDate": "2013:08:11", "Image GPSInfo": "1064", "Thumbnail Compression": "JPEG (old-style)", "Thumbnail XResolution": "72", "Thumbnail YResolution": "72", "Thumbnail ResolutionUnit": "Pixels/Inch", "Thumbnail JPEGInterchangeFormat": "1426", "Thumbnail JPEGInterchangeFormatLength": "6118", "EXIF ExposureTime": "1/80", "EXIF FNumber": "9/2", "EXIF ExposureProgram": "Program Normal", "EXIF ISOSpeedRatings": "200", "EXIF ExifVersion": "0221", "EXIF DateTimeOriginal": "2013:08:11 10:41:59", "EXIF DateTimeDigitized": "2013:08:11 10:41:59", "EXIF ComponentsConfiguration": "YCbCr", "EXIF CompressedBitsPerPixel": "4", "EXIF ShutterSpeedValue": "790241/125000", "EXIF ApertureValue": "86797/20000", "EXIF ExposureBiasValue": "0", "EXIF MaxApertureValue": "3", "EXIF MeteringMode": "CenterWeightedAverage", "EXIF LightSource": "Unknown", "EXIF Flash": "Flash did not fire", "EXIF FocalLength": "50", "EXIF SubSecTime": "801", "EXIF SubSecTimeOriginal": "84", "EXIF SubSecTimeDigitized": "84", "EXIF FlashPixVersion": "0100", "EXIF ColorSpace": "sRGB", "EXIF ExifImageWidth": "4288", "EXIF ExifImageLength": "2380", "Interoperability InteroperabilityIndex": "R98", "Interoperability InteroperabilityVersion": "[48, 49, 48, 48]", "EXIF InteroperabilityOffset": "1032", "EXIF SensingMethod": "One-chip color area", "EXIF FileSource": "Digital Camera", "EXIF SceneType": "Directly Photographed", "EXIF CVAPattern": "[0, 2, 0, 2, 0, 1, 1, 2]", "EXIF CustomRendered": "Normal", "EXIF ExposureMode": "Auto Exposure", "EXIF WhiteBalance": "Auto", "EXIF DigitalZoomRatio": "1", "EXIF FocalLengthIn35mmFilm": "75", "EXIF SceneCaptureType": "Standard", "EXIF GainControl": "None", "EXIF Contrast": "Normal", "EXIF Saturation": "Normal", "EXIF Sharpness": "Normal", "EXIF SubjectDistanceRange": "0"}