China-Arab Economic and Trade Forum Energy Cooperation Branch Holds

Focus on "energy triangle"

Yesterday, the China-Arab Economic and Trade Forum Energy Cooperation Branch was held in Yinchuan. Representatives from China and Arab countries conducted in-depth discussions and exchanges on the new areas of China-Arab joint ventures, China-Arab energy in-depth cooperation and West-East oil deliveries, and building a northwest oil reserve and refining project base. The deputy director of the Standing Committee of the Autonomous Region ** spoke to him and Vice Minister Ma Guoquan of the Political Consultative Conference of the Autonomous Region attended the meeting.

The meeting held that energy is a strategic and material foundation for economic and social development, and it is also a hot and difficult issue that has affected the development and operation of the global economy and society. Meeting the ever-increasing energy demand, responding to severe environmental pressures, and ensuring the smooth progress of the market are common global challenges. Promoting the sustainable development of the energy industry in both China and the Arab countries is in the common interest of both China and Argentina.

The meeting paid close attention to the “energy triangle” and considered Ningxia and Erdos of Inner Mongolia and Yulin of Shaanxi Province to be one of the regions with the most abundant coal, oil, and natural gas in China. Currently, the National Energy Administration is formulating guidelines for cooperation in the development of energy, chemical and gold industries. The region will have more Great development prospects. During the “Twelfth Five-Year Plan” period, Ningxia will, through strong national support, further promote regional cooperation, promote the construction of large-scale coal-to-electricity bases, accelerate the development of new energy sources, strengthen energy-saving emission reduction and ecological construction, and increase energy efficiency and supply capacity. Promote industrial upgrading and promote coordinated economic development in the region.

The meeting also conducted in-depth exchanges on two-way investment in energy development, energy logistics and energy construction projects, reconstruction of the energy industry chain, integration of energy and finance, establishment of energy industry investment**, and risk control.

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