CITIC Resources
| Company Name | : | CITIC Resources |
| Category | : | State-owned |
| Industry | : | Mining |
| Founded | : | 1997 |
| Headquarters | : | Hong Kong |
| Product | : | Petroleum |
| Website | : | http://www.citicresources.com/ |
| Company Email | : | ir@citicresources.com |
| Facebook Url | : | Not Mentioned |
| Twitter Url | : | Not Mentioned |
| Address | : | Room 3001-3006, 30F One Pacific Place 88 Q |
Company Description
CITIC Resources Holdings Limited a subsidiary of CITIC Group in China, is an integrated provider of natural resources particularly petroleum business. In 2007, CITIC Resources paid US$1.15 billion for oil fields in Kazakhstan and Northeast China from its parent company, CITIC Group. This accelerated CITIC Resources to transform from metal producer to oil producer. It expects to be the fourth largest oil producer in China, following Petrochina, Sinopec and CNOOC.
CITIC Resources is a Hong Kong-listed, Chinese state-owned enterprise (SOE) with a focus on natural resources and energy. It is a part of CITIC Group, the largest and most influential state-owned conglomerate in China. CITIC Resources' core businesses are oil and gas, coal, and non-ferrous metals. It is one of the largest integrated energy and resources companies in China, and has a presence in more than 20 countries and regions across the world.
CITIC Resources is engaged in the exploration and production of oil and gas, as well as the development, production and trading of coal and non-ferrous metals. It is also involved in the development and operation of downstream projects such as petrochemical plants, power plants and other related infrastructure. CITIC Resources has a wide range of upstream and downstream assets, and is strategically positioned to take advantage of the Chinese government’s policy initiatives to increase domestic energy and resources production.
CITIC Resources has a strong presence in the international energy and resources industry, and has established itself as a major player in the global energy and resources market. It has invested in and developed a number of major international energy and resources projects, including the development of oil and gas fields in the Middle East and Africa, and the construction of coal mines in Australia and the United States. CITIC Resources has also made significant investments in the development of power plants and other related infrastructure in China.
CITIC Resources is committed to sustainable development, and has implemented a number of initiatives to reduce its environmental impact, including the implementation of a carbon emissions reduction plan. It has also established a number of partnerships with other international companies to develop clean energy projects, such as wind and solar power projects.
CITIC Resources is well positioned to benefit from the Chinese government’s policies to increase domestic energy and resources production. It has a strong presence in the international energy and resources industry, and has established itself as a major player in the global energy and resources market. With its strategic investments and partnerships, CITIC Resources is well positioned to capitalize on the opportunities presented by the Chinese government’s policy initiatives.
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