Round Table on Oil-Gas Cooperation Held within One Belt - One Road Concept in Beijing

Source: www.gulfoilandgas.com 5/17/2017, Location: Asia

A round table meeting on oil and gas cooperation within the One Belt - One Road concept was held at the headquarters of the China National Petroleum Corporation (CNPC) in Beijing.

Welcoming the participants, Director of National Energy Administration of China Nur Bekri stressed the importance of the meeting. Chairman of the Board of Directors of CNPC Wang Yilin informed about the objectives of the round-table.

The meeting gathered together the heads of SOCAR, Gazprom, Rosneft, Uzbeknefteqaz, KazMunayGas, Sinopec, Silk Road Fund, China Development Bank, and other companies, as well as heads of state agencies.

During the first session, SOCAR President Rovnag Abdullayev delivered a speech on the theme ''Transnational main oil and gas pipelines and mutual infrastructure links“. According to him, at present, trans-national pipelines have a total length of over 5.500 km, and taking into account the facilities under construction, it will reach 9,000 km.

It was noted that in case of Azerbaijan, choosing the right strategy for main oil and gas pipelines could be an engine of economic growth. Azerbaijan remains confident that transnational main oil pipelines will become a major factor of new Great Silk Road and this, in turn, will guarantee an equitable distribution of profit among hydrocarbon producers, transit countries, and consumers.


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