NAPC added three major Chinese oil and gas companies to the list of international sponsors of the war.
Three of the largest oil and gas companies from China are included in the list of international sponsors of the war. This was reported by the press service of the National Agency for the Prevention of Corruption (NACP) on Tuesday, October 3.
It is noted that China’s three largest oil and gas companies continue to implement joint projects in the Russian Federation and subsidize Russia’s strategic industry by paying their impressive taxes.
NAPC added China National Offshore Oil Corporation (CNOOC Group), China Petrochemical Corporation (Sinopec Group) and China National Petroleum Corporation (CNPC) to the list of international sponsors of the war.
CNOOC Group is the PRC’s third largest national oil company after CNPC and Sinopec, and is the largest offshore oil and gas producer in the PRC.
From the very beginning of the mass invasion, the company continues to actively increase cooperation with Russia. In July 2023, the first gravity-type floating natural gas (LNG) combustion line, the so-called floating plant, of the Arctic LNG-2 project was completed and launched. The implementation of this project could increase Russia’s share of the global liquefied natural gas market to 15%, currently its share is about 8%.
Sinopec Group is China’s second largest state-owned fossil fuel company specializing in crude oil refining.
In late March 2022, a Sinopec spokesman said the Chinese state-owned energy company would continue to buy crude oil and gas from Russia even if Western democracies increased sanctions in response to the aggression. of Russia in Ukraine. Sinopec, through controlled Soihl Hong Kong Holding Limited, also owns a 40% stake in Amur Gas Chemical Complex LLC. In 2022, this business paid taxes worth 2.1 billion rubles (or $30 million) to the Russian budget.
China National Petroleum Corporation is China’s largest national oil and gas corporation and one of the world’s largest energy companies for oil and gas production.
CNPC has significant integration with Russia’s largest oil and gas companies, as well as with the Russian government. Among the main general projects: OJSC Yamal LNG; Arctic LNG-2 project; gas pipeline Power of Siberia; Skovorodino-Mohe-Daqing oil pipeline, etc. Owning shares of Russian companies, CNCP pays impressive taxes to the Russian budget.
It was previously reported that Chinese companies are the largest number of sponsors of the war.
Source: korrespondent
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