en CGCOC Group

CGCOC Group
Formerly	CGC Overseas Construction Group
Company type	State-owned enterprise
Predecessor	CGC Nigeria
Founded	1983 (CGC Nigeria); 2002 (CGCOC);
Headquarters	Beijing, China
Owner	Sinopec Group (40.7%); China Geo-Engineering Corporation (13.3%);
Parent	SASAC of the State Council (ultimate)

CGCOC Group Co., Ltd. (Chinese: 中地海外集团) formerly known as CGC Overseas Construction Group Co., Ltd. (Chinese: 中地海外建设集团) is a Chinese construction company that ranks among the 100 largest contractors based on international projects according to the annual Engineering News Record ranking.^[1]

History

The predecessor of CGCOC Group was founded by the Ministry of Geology & Mineral Resources [zh] in 1983 as CGC Nigeria Ltd.. In 2002 other investors were introduced in the incorporation of CGC Overseas Construction Group Co., Ltd., which CGC Nigeria became part of the business group.^[2]

Shareholders

CGCOC Group was founded by Sinopec Star Petroleum [zh] (a wholly owned subsidiary of Sinopec Group), China Geo-Engineering Corporation (CGC), and other shareholders in 2002.^[2] As at 31 December 2015, Sinopec Star Petroleum owned 40.7% stake, China Geo-Engineering Corporation owned 13.333% stake, Shanxi Bureau of Geology Exploration (Chinese: 山西省地质勘查局) owned 4.375% stake, 13th Construction Co., Ltd. of China National Chemical Engineering Co., Ltd. owned 1.04% stake, as well as many natural person.^[3]

Construction projects

The company carries out projects across Africa and in other markets. In Cameroon, the company signed a deal in December 2007 to increase water production and distribution in Douala from 115,00 to 260,000 cubic meters in a year by constructing pipe networks, wells and a potable water treatment plant.^[4]

One of the company's substantial businesses in Africa is road building in Ethiopia.^[5] In the period from 2005 to 2006, the company was awarded about $276 million in Ethiopian road projects.^[5] These projects included the Dodola Junction-Goba and Dera-Gololcha Mechara roads located in Oromia.^[5]