China National Petroleum Corporation and LUYIN INVEST establish a new energy development company
According to the Qichacha APP, recently, China Petroleum Energy Development Co., Ltd. was established with a registered capital of 92 million yuan. Its business scope includes petroleum and natural gas technology services; energy storage technology services; engineering technology services, etc. Qichacha's equity penetration shows that the company is jointly held by China National Petroleum Corporation's wholly-owned subsidiary, China Petroleum Group Storage Company, and LUYIN INVEST
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