Exploring energy cooperation opportunities for energy security and energy transition
CNPC ETRI launches the Oil and Gas Industry Development Report in Dubai
On May 27, 2024, 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 below 80% for the first time in 2023, 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.
UAE News 24/7 