China Petroleum and Chemical Industry Federation Initiative: Win-win cooperation to ensure the stability of the international energy supply chain

From November 14th to 17th, China International Petroleum and Chemical Conference was held
in Ningbo, Zhejiang Province.
"Geopolitical risks", "oil and gas shortages" and "rising energy prices" have become hot words
for domestic and foreign experts and scholars attending online and offline meetings.

Li Yunpeng, secretary of the party committee of the China Petroleum and Chemical Industry Federation, said that at present, the world petroleum and chemical industry is facing a situation
in which economic downward pressure and high inflation are intertwined.
At the same time, energy supply security and low-carbon transformation, geopolitical conflicts and supply chain stability, market-oriented application of new technologies and unilateralism have also brought many challenges
to the industry.

Li Yunpeng said that China attaches great importance to the sustainable development of
the petroleum and chemical industries.
As of the end of September this year, the industrial added value of China's petroleum and chemical industry has maintained growth for three consecutive years, and the operating income of enterprises above designated size has exceeded 12 trillion yuan, and it is expected to exceed 15 trillion yuan throughout the year; The total profit is nearly one trillion yuan, and it is expected to reach 1.
1 trillion yuan
for the whole year.
The total import and export volume of the whole industry is expected to exceed trillion US dollars in 2022, and it is expected to increase by nearly 40%
compared with 2019.
A large number of high-quality foreign investment projects have accelerated their landing
in China.

"Like-minded people are not far
from mountains and seas.
" Li Yunpeng, on behalf of the China Petroleum and Chemical Industry Federation, proposed that in order to maintain the openness and cooperation of the world's petrochemical industry, closure will only lag behind, and there is no way
out for retrogression.
In particular, it is necessary to strengthen practical cooperation
in the field of energy resources.
Guided by the concept of a community with a shared future for mankind and the Global Development Initiative and the Global Security Initiative, we will promote the construction of a new system of world energy resources at a higher level and at a deeper level, improve the ability of global energy resources governance, jointly solve the problem of international energy resource security, work together to promote the energy revolution and energy transformation, and jointly maintain the energy resource industry chain and supply chain
on which mankind depends for survival and development.