Current Overseas Cooperation Situation and Progress of Chinese Petroleum Enterprises

摘要

In 2020,facing the pressure and challenges of low oil prices and the COVID-19 pandemic,Chinese enterprises adhered to low-cost development and prudent investment decisions in their overseas oil and gas cooperation.The reserves increased steadily and production decreased slightly.New breakthroughs were made in asset optimization and inter-enterprise project transfer,and the construction of overseas LNG production capacity and refining project cooperation became new highlights.