It is reported that China National Offshore Oil Corp the country's largest offshore oil producer plans to donate CNY 500 million over five years for post quake reconstruction.

CNOOC's said in a statement that it will donate CNY 100 million each year and the money will mostly be spent on public services facilities such as schools and hospitals.

The statement said large State owned companies should pay more attention to their corporate social responsibility work in hard times such as these and the company has already donated over CNY 30 million since the earthquake.

CNOOC, China National Petroleum Corp and China Petrochemical Corp are the country's three leading oil producers. CNPC and Sinopec have both chipped in for the relief work as well.