Recently, our group and Singapore company signed a cooperation agreement on energy, infrastructure construction, construction materials and mechanical equipment supply projects in Southeast Asia and the Middle East. At present, the competition in the demand for crude oil in the international market is generally intensified. Region, favored by all parties, has become a place for international oil companies to compete. The status quo of China's energy structure is "rich in coal and less in oil", making oil and gas consumption dependent on imports. Against this background, going out to participate in high-quality asset investment in oil and gas resource-rich regions such as the Middle East has become one of the important ways to ensure the security of China's future oil and gas supply.

At the signing symposium, Chairman Li Jianjun of our group analyzed in detail China's ties with Southeast Asia and the Middle East and the relationship between the environment. It is pointed out that China and the Middle East countries have a profound traditional friendship, and both sides have a solid foundation of cooperation and broad prospects. The Middle East countries generally believe that energy cooperation between each other is equal and mutually beneficial. At present, the cooperation between China and the Middle East has shifted from resource-focused and upstream-oriented to cooperation across the entire industry chain. With the rapid advancement of the "Belt and Road" construction, oil and gas cooperation in recent years is moving towards cooperation in the entire industry chain including refining, pipelines, engineering and technical services, and has driven the export of equipment, instruments and materials. Oil and gas cooperation has shifted from state-owned enterprises to state-owned and private enterprises. In addition to state-owned enterprises, the pace of “going out” of private capital has also significantly accelerated, becoming an important force that cannot be ignored in the “Belt and Road” oil and gas cooperation, and the market competition has become more diverse. From "One Country Solo" to "Multi-Country Chorus". China and the countries along the route continue to promote cooperation, implement various energy plans and projects, actively use existing bilateral and multilateral cooperation mechanisms, and vigorously promote regional cooperation.

Our group is a Chinese state-owned holding company. The company is committed to investment and development of mineral resources; oil and gas exploration and development; sales of petroleum products and supply of petroleum equipment; research and development of clean energy and alternative energy; investment and operation of environmental protection projects; research and development of ecological agriculture; Research and application of communication technology and network technology; medicine; logistics and import; import and export trade; park construction and real estate development, etc., and strive to promote international cooperation and investment. Now it has participated in oil and gas cooperation projects in many countries, and the investment structure has been further optimized.

Facing the situation of infrastructure construction in the Middle East, Chairman Li Jianjun pointed out: "At present, the infrastructure construction in various countries in the Middle East has gradually made great progress, which has played an important role in the economic growth of this country and the region. However, the infrastructure development in the Middle East countries is very uneven, and some Countries have established relatively modern infrastructure, which has strongly promoted economic growth; in some countries, infrastructure construction is still lagging behind and has become a bottleneck in economic growth; in other countries, infrastructure construction has been damaged by war and conflict and is in urgent need of reconstruction. Because the Middle East Many countries in the region are in the beginning or acceleration stage of industrialization and urbanization. Coupled with a younger population structure, there is a huge demand for infrastructure such as transportation, communication, and electricity. This has become a joint “Belt and Road” initiative for China and the Middle East. And an important opportunity to achieve interconnection and mutual benefit in the infrastructure field. "

In addition to this, the signing of this contract also started discussions on Indonesia's infrastructure construction. The relatively lagging development of Indonesia's infrastructure construction is a major bottleneck restricting Indonesia's economic growth and improvement of the investment environment. At the same time, strengthening infrastructure construction is also an important factor to ensure Indonesia's economic growth. Our group and the local government understand that in terms of shipping, the Indonesian government hopes to expand the cargo handling capacity of its ports as soon as possible to match the country's overall economy and solve the problem of cargo detention due to insufficient loading and unloading capacity. In addition, our group also started negotiations and signed cooperation with the Singapore Group on some projects that the two parties intend to cooperate with. The two sides expressed their hope that the project could be implemented smoothly and benefit the local people as soon as possible.