Sinopec Association urges East-West cooperation

The China Petroleum and Chemical Industry Association recently held a cooperation meeting between East and West in Baiyin, Gansu Province. The Association issued the "Guidance Opinion on Strengthening the Cooperation between the Petroleum and Chemical Industry in the East and the West" and urged the East-West cooperation.

The China Petroleum and Chemical Industry Association will guide the transfer of petroleum and chemical companies to key economic regions, central cities, resource-rich regions, and important port cities in the western region in accordance with the requirements of the main functional area planning, and promote the concentrated industrial layout, intensive land use, and resource conservation. Use and environmental comprehensive governance, and promote the development of industrial clusters. Establishing a heavy chemical industrial park focusing on oil and gas chemical industry and coal chemical industry in the western region, and attracting a number of sales revenue from the introduction of projects in the eastern region and chemical industry parks that mainly carry out “outward” and “mutual win” projects for industrial transfer. More than 10 billion, hundreds of billions of oil and chemical industry parks. In the process of cooperation between the eastern and western regions, it is necessary to establish a recycling economy industrial chain and protect the ecological environment so as to prevent the transfer of highly polluting backward production capacity to the west.

The China Petroleum and Chemical Industry Association believes that oil and chemical companies should further accelerate the development and utilization of coal, oil, and natural gas resources and actively use the oil and gas resources of neighboring countries to ensure steady growth in oil and gas production and imports. Further increase the quantity and depth of processing of oil and gas resources, extend the oil and gas industry chain to the largest extent, and enlarge and strengthen the deep processing of downstream products. Focus on the development of coal chemical industry, petrochemical industry, natural gas chemical industry and saline chemical industry to improve the depth of processing. Encourage companies in the eastern petroleum, chemical, and related fields to develop markets in the western regions, and establish services related to the petroleum and chemical industries in the western region, such as warehousing, distribution, insurance, commerce and trade.

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