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DUBAI / GULF TIME
CNPC Economics & Technology Research Institute (or “ETRI”, a China Top Think Tank), launched the report Oil and Gas Industry Development in Dubai. Centering on the topic of “Adjustments in the Oil and Gas Industry”, ETRI provided its insights into the development trends in the oil and gas industry and exploring investment and cooperation opportunities amid industry adjustment. According to the Report, clean energy investment has grown rapidly, global share of fossil fuels fell for the first time, and sustained rebound of China’s economy has shored up the country’s demand growth for oil and gas. Besides, energy transition is advancing at a faster pace, and China’s refined oil consumption may peak in 2024.
The launch ceremony was hosted by ETRI and co-organized by CNPC Middle East Company (“CNPC Middle East”). “The Report has become a benchmark report in the energy industry”, said CHEN XINRONG, president of CNPC Middle East, at the launch ceremony. “Its launch to the global in Dubai is of great significance to further strengthening international exchanges and cooperation in the energy industry, promoting the construction of a community of shared interests in energy cooperation, and enhancing the resilience of the energy supply system. It is also important for accelerating the recovery and growth of the world economy,” CHEN added.