COPEC

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Charnean Oil, Petrochemical and Energy Corporation
ⴰⵣⵣⴰⵢⵜⴻⵏ, ⵙⴰⴴⴴⴰⵢⴽⴻⵎ ⴷ ⵜⴰⵎⴰⵔⴰ ⵎⴰⵎⴰⵏⴰ ⵏ ⵞⴰⵔⵏⴻⴰ
State-owned enterprise
IndustryOil and gas
FoundedJuly 6, 1951; 73 years ago (1951-07-06)
FounderJelal Medan
HeadquartersAgnannet, Charnea
Key people
Aghu Rasul (CEO)
ProductsFuel and petrochemicals
OwnerCharnea
Number of employees
127,110 (2018)
SubsidiariesEjjaj

The Charnean Oil, Petrochemical and Energy Corporation (Tamashek: ⴰⵣⵣⴰⵢⵜⴻⵏ, ⵙⴰⴴⴴⴰⵢⴽⴻⵎ ⴷ ⵜⴰⵎⴰⵔⴰ ⵎⴰⵎⴰⵏⴰ ⵏ ⵞⴰⵔⵏⴻⴰ), better known as COPEC, is the state owned petroleum and energy company of Charnea. COPEC is the largest employer and second-most profitable corporation in in Charnea behind the Plexico Corporation, and provides roughly half of all yearly revenue for the state treasury. Charnea is a member of the Association of Oil Producing Nations, playing host to some of the largest unproven gas and petroleum reserves in the world. COPEC is the largest single generator of electric power in Charnea through its generation and grid management subsidiary Ejjaj, operating seven gas turbine, four oil fired and two solar power stations across the country. Ejjaj-operated power stations account for 13 of Charnea's 16 total electric power stations and roughly 80% of total generation. COPEC is the only solar power generation company operating in Charnea. The political influence of COPEC over the Charnean energy sector is largely responsible for the lack of penetration of photovoltaic solar power into the national market.

Because of its situation as a highly lucrative enterprise responsible for a large portion of government revenue, the management of COPEC is highly politicized and plays a strategic role in the internal affairs of the Charnean state. Numerous high profile members of the Agraw Imgharan, relatives of military officers and regime officials sit on the COPEC board of directors representing the various interest groups inside the Charnean government that are at least partially dependent on the COPEC revenue stream and direct the company's affairs accordingly.

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