Summary by Moomoo AI
China Marine Petroleum Limited (the “Company”) entered into a series of financial activities in 2023, including a number of transactions with China Sea Oil Group Limited and its subsidiaries (the “China Sea Oil Group”). Ongoing connected transactions between the Company and China Marine Oil Group and its affiliates include exploration, development, production, and sales, management and ancillary services, and involve FPSO vessel leasing. In addition, the Company also sells oil and gas products and green electricity products to the China Marine Oil Group and/or its affiliates. In 2023, the Company's total transactions with China Marine Oil Group and/or its affiliates amounted to RMB237.1 billion, with a balance of receivables associated with it at year-end RMB21.62 billion. The Company also provided...Show More