Highlights of Operations
In China, Chevron's innovative spirit continues to carry the company forward. Our operations have expanded into a wide range of businesses — from exploration and production to marketing activities. In addition, the company contributes to the development of human resources and technology in its joint venture operations.
In 2007, Chevron signed a 30-year production-sharing contract with China National Petroleum Corporation for the joint development of the Chuandongbei natural gas area in central China. Chevron will operate the project, which includes a proposed plant capacity of 740 million cubic feet of natural gas per day.
As a partner in the CACT Operators Group, Chevron works closely with the Chinese National Offshore Oil Corp. (CNOOC) to develop new energy resources for consumption both within and outside China. Our Caltex brand has become a well-established marketer of gasoline and lubricant products. We also support various social and educational programs in China.
Our long and productive relationship with China began in 1913 with the sale of kerosene for lamps and home heating. This early association matured during the 1920s to encompass service stations and sales outlets in major Chinese cities and during the late 1930s to include the marketing of petroleum products under Caltex.
In 2000, Caltex and its partner built a world-class liquefied petroleum gas (LPG) terminal in Shantou, Guangdong Province. The facility includes two 100,000-cubic-meter underground storage caverns and three berths for loading and unloading LPG.
Chevron's joint venture Chevron Phillips Chemical Company LLC (CPChem) holds a 40 percent interest in a joint venture with Shanghai Petrochemical Corporation that manufactures and markets high-density polyethylene (HDPE) pipe. CPChem expanded its chemical business in China with the construction of a polystyrene plant in 2000.
Updated: May 2008