Chinese oil and gas enterprises have made remarkable achievements in "going out"

In 2021, China's strong economic recovery will provide strong support for the development of China's oil and gas industry

Focus on "One Belt One Road"

Continue to promote overseas oil and gas cooperation

In 2021, China's three major oil companies will continue to focus on the "Belt and Road" initiative and continue to promote overseas oil and gas cooperation

In terms of international cooperation, PetroChina is committed to promoting the efficient allocation of both domestic and foreign resources and the complementary linkage of the two markets

Focusing on serving the "Belt and Road" construction, Sinopec has made every effort to build a stable overseas oil and gas supply chain, and continued to promote the "going out" of various business linkages

CNOOC actively develops overseas oil and gas business, accelerates energy cooperation with countries along the “Belt and Road”, and increases the proportion of oil and gas production in the “Belt and Road” region to nearly 40% of the total overseas oil and gas, accumulatively radiating in the “Belt and Road” region and adjacent areas The regional investment is about 260 billion yuan, and 10 oil and gas projects have been invested, providing services for more than 100 projects along the "Belt and Road"

China's private capital also actively participates in international oil and gas trade

　　Oil and gas industry recovers rapidly

　　Win new opportunities for overseas cooperation

　　Since 2021, governments of various countries have introduced economic stimulus policies to restore the economy, and the oil and gas industry has recovered rapidly

　　First, the recovery in oil prices will help restore investment confidence in the oil and gas resource M&A market

　　Second, the rapid recovery of oil and gas demand has enhanced the opportunities for international cooperation among oil and gas companies

　　Third, the transition to low-carbon energy has stimulated the demand for natural gas, which is conducive to strengthening international cooperation in natural gas business

　　Transformation of overseas energy investment

　　The digital revolution is a new challenge

　　The "Blue Book" pointed out that after China made a "dual carbon" commitment to the international community in September 2020, it officially announced in September 2021 that it would stop building new overseas coal power projects

　　Under the background of energy transformation, international oil companies have different choices for transformation and development.

　　In addition, the digital and intelligent revolution has brought new challenges to the international cooperation of oil and gas companies