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China petroleum and chemical industry to better align with “the Belt and Road” initiative
Published:2016-11-02 14:27:29    Text Size:【BIG】【MEDIUM】【SMALL

In September 2016, the National Development and Reform Commission formally approved the China Petroleum and Chemical Industry Federation to establish the “China Petroleum and Chemical Industry International Capacity Cooperation Enterprise Alliance”. The alliance will be built into a unified platform for issuing relevant national policy initiatives, recommending project cooperation information, standardizing overseas business operations, preventing risks of external cooperation, and promoting industrial synergies. Based on the principle of business cooperation, co-construction, sharing, and win-win, and focusing on corporate demands, with strategic and policy research, information and network sharing, industry and financial integration, industry coordination, as well as risk prevention and control as key tasks, the platform will promote the development of China petroleum and chemical industry globalization effectively and better align with “the Belt and Road” initiative of Chinese government.

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