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Overview

China National Offshore Oil Corporation pledges RMB 1.6 million for victims of Hurricane Katrina

Commitments (Constant USD, 2023)$391,391
Commitment Year•2005Country of Activity•United StatesDirect Recipient Country of Incorporation•United StatesSector•Emergency ResponseFlow Type•Grant

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Sep 5, 2005

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Funding agencies

State-owned companies

  • China National Offshore Oil Corporation (CNOOC)

Receiving agencies

Government Agencies

  • Government of the United States

Loan description

China National Offshore Oil Corporation pledges RMB 1.6 million for victims of Hurricane Katrina

Narrative

Full Description

Project narrative

In early September 2005, China National Offshore Oil Corporation (CNOOC Group) – Chinese state-owned offshore oil and gas producer – pledged a RMB 1.6 million grant for victims of Hurricane Katrina in 2005. CNOOC Group pledged to match donations from its employees for the victims in the United States. The 30,000 employees raised ¥800,000 RMB (then approximately $98,600) for hurricane victims.