Misplaced Pages

The United Energy Group (UEG) (SEHK: 467) is a Chinese oil & gas exploration and production company. The company pursues projects in Pakistan and Indonesia and is looking into further investment options in South East Asia and the Americas.

Corporate affairs

UEG is a Hong Kong listed company but controlled by Zhang Hongwei, a majority shareholder in mainland China, who owns 71.7% of the company.

China

The company undertook a joint venture with the China National Petroleum Company to develop the Liaohe EOR Project in Liaoning, China until it announced termination of the project in 2016.

Pakistan

In 2012, UEP secured a credit line of $5 billion from China Development Bank for its Pakistani operations and other potential acquisitions.

In March 2018, UEP acquired OMV Pakistan assets for US$192 million.

In FY2019, United Energy Pakistan was the largest foreign oil and gas exploration and production company in Pakistan.

External links

• UEP Website

References

1. "Zhang Hongwei profile". Telegraph. October 10, 2013.
2. "United Energy posts 18.9 per cent rise in interim profit as output offsets lower oil prices". South China Morning Post. August 7, 2015.
3. "United Energy scraps Liaohe EOR project". China Daily. February 26, 2016.
4. Baloch, Farooq (2018-03-01). "OMV Pakistan divests upstream business to United Energy for $192 million". Profit by Pakistan Today. Retrieved 2024-07-25.

v t e Oil and gas in China
Energy in China
Oil and gas majors (Upstream/Downstream)	Big 3 CNPC Sinopec CNOOC Major listed arms PetroChina (CNPC) Kunlun Energy (CNPC) China Petroleum & Chemical Corporation (Sinopec) CNOOC Limited (CNOOC)
Oil (Upstream)	CITIC Resources Geo-Jade Petroleum Shaanxi Yanchang Petroleum Shandong Energy Emerald Energy Sinochem United Energy Group Zhenhua Oil
Natural gas	Upstream GCL-Poly Shell China Coalbed methane China United Coalbed Methane (CNOOC) PetroChina Coalbed Methane (CNPC) Shanxi Blue Flame Coalbed Methane Group Downstream China Natural Gas ENN Group Shenergy Towngas China
Drilling services	Rig operators China Oilfield Services (CNOOC) Great Wall Drilling Company (CNPC) ZPEB (Sinopec) ZPEC Drilling equipment Jereh Group Kerui Petroleum
EPC	China Petroleum Pipeline Engineering (CNPC) China Huanqiu Contracting & Engineering Corporation (CNPC) China Petroleum Engineering and Construction Corporation (CNPC) Kerui Petroleum
Refineries	ChemChina Fushun Petrochemical Company (CNPC) Shanghai Petrochemical (Sinopec) Sinochem
Economy of China Companies of China

This Chinese corporation or company article is a stub. You can help Misplaced Pages by expanding it.

• v
• t
• e

• Chinese company stubs
• Oil and gas companies of Hong Kong