Zhong Guo Dian Li Bao·2025-11-09 09:33Core Insights - The eighth China International Import Expo (CIIE) showcased China's commitment to expanding economic cooperation, with energy state-owned enterprises (SOEs) signing contracts exceeding $73.5 billion [1][2] - The event marked a significant economic diplomatic activity following the Fourth Plenary Session of the 20th Central Committee of the Communist Party of China, emphasizing the potential for international trade and investment [2] Energy SOEs Performance - China Petroleum and Chemical Corporation (Sinopec) signed contracts worth over $40.9 billion with 34 partners from 17 countries, covering 24 product categories including crude oil and chemicals [2] - China National Petroleum Corporation (CNPC) signed 43 procurement agreements totaling $17.485 billion with 41 global partners, indicating a stable increase compared to last year's figures [2] - China National Offshore Oil Corporation (CNOOC) achieved a record signing amount of over $13 billion, focusing on crude oil, natural gas, and deep-water oil and gas equipment [3] - China National Nuclear Corporation (CNNC) and its subsidiaries signed eight contracts related to nuclear fuel components and natural uranium, promoting global nuclear energy innovation [3] Power Sector Developments - China Huaneng Group signed agreements for gas turbine equipment and maintenance services, supporting clean energy project development [3] - China Datang Corporation collaborated with six foreign companies on renewable energy, gas turbines, and green hydrogen projects [3] - State Power Investment Corporation signed contracts worth nearly $300 million with eight international firms, showcasing confidence in international cooperation and energy transition [3] - China Energy Engineering Group signed procurement agreements totaling $1.828 billion, setting a new historical record [3] Strategic Cooperation and Future Directions - The 20th Central Committee emphasized high-level opening up and expanding bilateral investment cooperation, aligning with the goals of the Belt and Road Initiative [4] - Since the first CIIE in 2018, energy SOEs have signed contracts worth $144.785 billion with 232 international suppliers, reflecting a commitment to global energy development [4] - CNOOC's chairman highlighted the importance of open cooperation for energy security and the need for green transformation and technological innovation [5] - CNPC's general manager called for a new paradigm of energy cooperation based on fairness, resilience, and sustainability [5] - Sinopec's general manager expressed a desire to enhance technological innovation and promote sustainable development in the energy and chemical sectors [6] - CNNC's executive emphasized the role of digitalization in enhancing the global nuclear industry’s competitiveness and fostering resilient supply chains [6]