CGCOC Group
| Company type | Private |
|---|---|
| Industry | Construction |
| Predecessor | CGC Nigeria Ltd. |
| Founded | 1983 |
| Headquarters | China |
| Products | Construction services |
| Parent | Sinopec Star Petroleum (majority shareholder) |
CGCOC Group Co., Ltd. (), previously known as CGC Overseas Construction Group Co., Ltd. (), is a prominent Chinese construction firm listed among the top 100 global contractors by Engineering News Record.
History
The company's roots trace back to 1983 with the establishment of CGC Nigeria Ltd., initiated by China's Ministry of Geology and Mineral Resources. In 2002, the enterprise evolved into CGC Overseas Construction Group Co., Ltd. through the inclusion of new investors and the integration of CGC Nigeria into the corporate structure.
Created in 2002 by Sinopec Star Petroleum (a branch of Sinopec Group), China Geo-Engineering Corporation (CGC), among others, CGCOC's ownership distribution as of December 31, 2015, consisted of Sinopec Star Petroleum holding 40.7%, China Geo-Engineering Corporation with 13.333%, Shanxi Bureau of Geology Exploration owning 4.375%, and the 13th Construction Co., Ltd. of China National Chemical Engineering Co., Ltd. possessing 1.04%, along with various individual investors.
Construction projects
Operating extensively throughout Africa and other regions, the company secured a contract in Cameroon in 2007 to enhance water production and supply in Douala, increasing capacity from 115,000 to 260,000 cubic meters annually by constructing pipelines, wells, and a drinking water treatment facility.
A significant area of focus in Africa involves road development in Ethiopia. During 2005–2006, the firm was awarded roughly $276 million worth of road construction contracts in Ethiopia, including projects such as the Dodola Junction-Goba and Dera-Gololcha Mechara highways within Oromia.