What we do
BP has been operating in China since the early 1970s. To date, with a total investment of over US$4 billion, BP is one of the leading foreign investors in China. BP’s business activities include offshore gas production, chemical joint ventures, aviation fuel supply, LPG import and marketing, oil product and lubricant retailing, and the sales of chemicals technology.
Through these businesses, BP provides our customers with fuel for transportation, energy for heat and light, retail services and petrochemicals products for everyday items.
Exploration & Production
BP's upstream involvement in China dates back to 1979 when it started to explore for oil in the southern section of the Yellow Sea. Since then, three BP heritage companies – Amoco, Arco and British Petroleum - have invested more than US$2 billion in exploring and developing offshore and onshore oil and gas resources in China, in partnership with Chinese national oil companies. BP's upstream asset in the country is the Yacheng 13-1 gas field in the South China Sea, one of the biggest offshore gas fields in China.
BP China Gas commenced business development activities in 1999 and has since seen notable success in China. In 2001, BP became the only foreign partner in China's first LNG import terminal project in Guangdong province. Working together with our Chinese partners, BP strives to achieve a long-lasting, reliable, affordable and clean energy supply in China.
Refining & Marketing
BP's key Refining & Marketing activities in China include: retail, liquefied petroleum gas (LPG), lubricants, marine and aviation fuels, PX, PTA and Acetyls. We have built up an extensive distribution and retailing network covering many major cities and have a strong base to expand across China. At present, BP is the leading LPG importer and operator in China and the only foreign company participating in China's aviation fuels market. BP is also one of the largest foreign investors in a retail service stations network in China, currently running nearly 1000 JV sites.
BP is the only foreign partner in China’s first LNG import terminal project in Guangdong.
BP and Sinopec jointly established several petrochemical JVs to satisfy China’s increasing needs for petrochemical products.
BP focuses on providing leadership in exploring low carbon energy to meet the challenges of the climate change and energy security.
On Feb 18 2009, BP and the Chinese Academy of Sciences (CAS) announced the establishment of the Clean Energy Commercialization Center (CECC) joint venture in Shanghai. Coal accounts for more than 70% in China's total energy production and consumption. Finding clean and efficient ways to consume coal is essential to address the challenges of energy security for both China and the world. The formation of the JV marks the beginning of a new partnership that aims to push forward the commercialization of clean energy, especially clean coal technologies in China.