United_Energy_Group

United Energy Group

United Energy Group

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The United Energy Group (UEG) (SEHK: 467) is a Chinese oil & gas exploration and production company. The company pursues projects in Pakistan and Indonesia and is looking into further investment options in South East Asia and the Americas.

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Corporate affairs

UEG is a Hong Kong listed company but controlled by Zhang Hongwei, a majority shareholder in mainland China, who owns 71.7% of the company.[1][2]

China

The company undertook a joint venture with the China National Petroleum Company to develop the Liaohe EOR Project in Liaoning, China until it announced termination of the project in 2016.[3]

Pakistan

Main article: United Energy Pakistan

References

  1. [1]
    "Zhang Hongwei profile". Telegraph. October 10, 2013.
  2. [2]
    "United Energy posts 18.9 per cent rise in interim profit as output offsets lower oil prices". South China Morning Post. August 7, 2015.
  3. [3]
    "United Energy scraps Liaohe EOR project". China Daily. February 26, 2016.
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