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China Zhenhua Oil Co., Ltd. operates the petroleum business of the corporation, principally engaging in oil industry investment, overseas oil and gas exploration and development, international oil trade, oil refining, oil storage and transportation. It is one of six members of the NDRC overseas resource development coordination group, member enterprise of China-Kazakhstan, China-Venezuela, China-Kuwait, China-Russia, China-Pakistan Energy Cooperation Committee, and is also one of the major teams of the national "going global" strategy. At present, it has undertaken six overseas oil and gas projects, with geological reserves of 1.1 billion tons, and the annual output of more than 8 million tons; annual trade volume of crude oil and refined oil is 20 million tons, with an annual sales income of over RMB 90 billion; it has established an international marketing and information network, and set up a high-quality, professional and international technology research and management team.