Entity

Yanchang Petroleum International Limited (Chinese: 延長石油國際有限公司) is a publicly listed investment holding company incorporated in Bermuda on January 5, 2001 and listed on the Main Board of the Hong Kong Stock Exchange (HKEX: 00346) since April 19, 2001. Formerly known as Sino Union Energy Investment Group Limited, the company adopted its current name in May 2012 following the acquisition of its controlling stake by Yanchang Petroleum Group (Hong Kong) Co., Ltd.. It operates as an indirect listed subsidiary of Shaanxi Yanchang Petroleum (Group) Co., Ltd. (Shaanxi SASAC) and is principally engaged in oil and gas exploration, oil products distribution, and international crude oil trading.

Business Segments

The company operates through two primary segments:

1. Supply & Procurement Business

• Storage, transportation, trading and distribution of refined oil products in China
• Wholesale, retail and fuel oil-related product trading
• Annual distribution capacity exceeding 2 million tons; tank farm capacity of 120,000 m³ in Henan Province; dedicated railway siding of 2,500 metres
• Oil products trading company in Shenzhen (est. 2018)

2. Exploration, Exploitation & Operation Business

• Oil and gas E&P in Canada: oilfield blocks in Saskatchewan and Alberta (acquired via Novus Energy Inc. in 2014 for ~USD 320 million)
• Oil and gas E&P in Cameroon: Production Sharing Agreement (PSA) with Société Nationale des Hydrocarbures, Logone Birni Basin
• International crude oil procurement: ~12.86 million metric tons procured since H2 2017, generating ~USD 5.74 billion in sales revenue

Shareholding Structure

As of December 31, 2024:

Ultimate beneficial ownership chain:
Shaanxi SASAC → Shaanxi Yanchang Petroleum (Group) Co., Ltd. → Yanchang HK (100%) → 57.73% of this company
Shaanxi SASAC → Chang'an Huitong Group → ChangAn HuiTong HK (100% indirect) → 16.67% of this company