Sinopec: Join hands to paint a new picture of the development of “One Belt, One Road”

Energy cooperation, work together to consolidate the foundation of the industry. Jointly safeguarding global energy security has become the common interest of all countries. Sinopec supports the "One Belt, One Road" national development strategy, actively promotes pragmatic cooperation in the entire energy industry chain including exploration and development, refining, warehousing, and engineering services, and strives to inject certainty and positive energy into global energy development. At present, Sinopec has implemented 31 oil and gas exploration and development projects, 314 petroleum engineering project contracts, and 113 refining and chemical engineering projects in the "Belt and Road" countries. It has won the reputation of partners with its advanced technology, excellent work style, and excellent reputation. . As China’s largest investment project in Saudi Arabia, the Sino-Saudi Yanbu Refinery has become a model for energy cooperation between China and Saudi Arabia. Sinopec imports 180 million tons of crude oil from Belt and Road countries every year, trades more than 20 million tons of refined oil products, and trades nearly 7 million tons of LNG, becoming an important force in promoting the stable and healthy development of the global energy market.

Protect the environment and lay the foundation for green development. Sinopec adheres to the green and low-carbon concept throughout the entire process of jointly building the "Belt and Road", and actively responds to global climate change and jointly protects a green earth through green and clean production, development of circular economy, protection of biodiversity and other measures. In Ecuador, Sinopec optimizes green production technology and establishes a green and environmentally friendly brand in the South American rainforest; in Uganda, it uses ultra-quiet, zero-emission drilling rigs and specially designed and modified the appearance of the drilling rigs to minimize the impact of oil drilling on the surrounding environment and wildlife. The impact of animals; in Saudi Arabia, green concepts are practiced in many aspects such as environmental management, low-carbon energy conservation, personnel training, and environmental protection practices, and contribute to cooperating with the "Green Saudi" initiative and promoting Saudi green development.

Cultural integration deepens and consolidates the foundation of friendship. Sinopec respects and advocates multiculturalism, actively promotes cross-cultural exchanges and integration, and pays attention to protecting community cultureTradition and heritage, winning widespread recognition. In Dhahran Technology Valley, Saudi Arabia, Sinopec Middle East R&D Center has established a "Chinese Bookshelf". Many local Saudi employees and readers have experienced the long history and splendid culture of the ancient oriental civilization through reading, which has promoted cultural exchanges and mutual learning between China and Saudi Arabia.

Improve welfare and continuously build a solid foundation for people’s livelihood. Sinopec has always organically combined economic development, job creation, poverty eradication, and environmental protection, implemented the concepts of localized employment and localized procurement, and served the economic and social development of host countries. Actively participate in public welfare undertakings, help local people build bridges and roads, build canals to divert water, build communities, provide training resources, promote fair education, and continuously enhance the people's sense of gain and happiness. We have consistently fulfilled our global corporate citizenship responsibilities and were awarded the honor of “Best Corporate Practice in Achieving Sustainable Development Goals” by the United Nations Global Compact.

On the new journey, Sinopec will adhere to the concept of "open cooperation, mutual benefit and win-win", share opportunities and create a better future with the "Belt and Road" co-building national enterprises, and strive to ensure global energy play a greater role in ensuring security and promoting world economic recovery and prosperity, and contribute corporate strength to building a community of shared future for mankind that is mutually beneficial, win-win, and shares weal and woe.

Original title: [Co-building the “Belt and Road”] Sinopec: Join hands to draw a new picture of the development of the “Belt and Road”