United Energy Group

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.

United Energy Group
IndustryOil & gas
Number of locations
China, Pakistan, Iraq, Egypt, Dubai
Websiteuegl.com.hk

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
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References
  1. "Zhang Hongwei profile". Telegraph. October 10, 2013.
  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. "United Energy scraps Liaohe EOR project". China Daily. February 26, 2016.
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