History
When the State Council promulgated the Regulation of the People's Petroleum Resources in Cooperation with Foreign Enterprises on January 30, 1982, CNOOC was incorporated and authorized to assume the overall responsibilities for the exploitation of oil and gas resources offshore China in cooperation with foreign partners, which in effect ensured the monopoly status of CNOOC in offshore oil and natural gas industry. Headquartered in Beijing, CNOOC registered with a capital of RMB 50 billion and now has more than 98,750 employees.
Read more about this topic: China National Offshore Oil Corporation
Famous quotes containing the word history:
“All things are moral. That soul, which within us is a sentiment, outside of us is a law. We feel its inspiration; out there in history we can see its fatal strength.”
—Ralph Waldo Emerson (1803–1882)
“There is no history of how bad became better.”
—Henry David Thoreau (1817–1862)
“The history of this country was made largely by people who wanted to be left alone. Those who could not thrive when left to themselves never felt at ease in America.”
—Eric Hoffer (1902–1983)