China

Country Information

Continent Asia
GDP (2012 est.) $12.26 trillion (2012 est.)
Currency & Exchange Rate Renminbi yuan (RMB) per US dollar 6.31
Dialling Code
+86

Exploration & Production Companies

CNOOC, PetroChina, Sinopec, CITIC Resources, Shaanxi Yanchang Petroleum, Sinochem.

Oil fields greater than 1 billion barrels

Daqing, Jidong, Tahe, Nanpu Oil.

International Tax Regime

Residential taxation: foreigners taxed on local income; residents taxed on local and overseas income.

Witholding Tax

Crude oil - production(bbl/day) 4,416,000
Crude oil - exports(bbl/day) 60,600
Crude oil - imports(bbl/day) 4,754,000
Crude oil - proved reserves(bbl) 25,580,000,000
Refined petroleum products - production(bbl/day) 8,992,000
Refined petroleum products - consumption(bbl/day) 9,790,000
Natural gas - production(cu m) 108,400,000,000
Natural gas - proved reserves(cu m) 3,517,000,000,000

Climate

Extremely diverse; tropical in south to subarctic in north.

Location

Eastern Asia, bordering the East China Sea, Korea Bay, Yellow Sea, and South China Sea, between North Korea and Vietnam.

CCL Country Manager

Contact Details

Name:

Direct:

Email:

LinkedIn:

Peter T. Maltby

+44 (0) 208 333 4141

ccl@cclglobal.com

 

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CONTRACTS CONSULTANCY LTD
Tel: +44 (0) 208 333 4141
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London, SW15 2SL, UK
Oil & Gas Recruitment, Europe, Middle East, Africa, Asia

CCL CONTRACTS CONSULTANCY INC
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