The 7th World Oil Merchants Conference was held in Zhoushan from October 16th to 18th. The conference, with the theme of "Building a Hub for Bulk Commodity Resource Allocation and Building a Global Partnership for Bulk Commodities", was held in the form of a plenary session and seven special meetings, covering the future development trends, technological innovation, market dynamics, and policy environment of the oil and gas industry. A total of 330 domestic and foreign enterprises participated, including 40 Fortune 500 companies and 26 of the world's top 50 oil companies. At the plenary meeting held on the morning of October 17th, 18 major projects were signed on site, with a total amount of 39.5 billion yuan, covering key development industries in the free trade zone such as petrochemical new materials, oil and gas storage and transportation, oil and gas trade, grain and oil processing, maritime services, and port and shipping logistics.
At the financial conference held on the afternoon of October 17th, experts and scholars from research institutions, as well as heads of financial institutions, delivered keynote speeches on the domestic and international macroeconomic situation, the construction of a high standard market system, and the leveraging of financial innovation advantages, jointly exploring new ideas, measures, and achievements in serving the construction of commodity resource allocation hubs.
The financial conference with the theme of "Financial Innovation and Future Present Cooperation to Promote the Construction of a Hub for Bulk Commodity Resource Allocation" is one of the major events of this year's Oil Merchants Conference. As a special partner of the World Oil Merchants Conference, China National Chemical Corporation holds high-quality financial conferences every year, becoming an important part of the conference. In recent years, China National Chemical Corporation has fully demonstrated its role as a state-owned enterprise, focusing on supporting the high-quality development of its subsidiary Zhejiang International Oil and Gas Trading Center, and effectively serving the two national strategies of the construction of Zhejiang Pilot Free Trade Zone and the integrated development of the Yangtze River Delta region. With the support of all parties, a long-term integrated oil and gas trading market has been basically established, becoming a benchmark for domestic long-term cooperation and effectively promoting the integration of regional oil and gas market resources; Relying on the advantageous varieties of the free trade zone, we have built a "Zhoushan Price Index" system, breaking the situation of relying heavily on international pricing and actively voicing China's voice in the international energy market; Promote the annual trade volume of Zhejiang International Oil and Gas Trading Center to exceed 500 billion yuan, become a leading enterprise in domestic local trading venues, and promote the free trade zone to become a new highland in China's oil and gas spot market.
The global oil and gas industry is undergoing unprecedented changes. Emerging fields such as ship fuels, clean energy, carbon capture and storage technologies are gradually changing the face of the traditional oil and gas industry. Zhoushan is of great significance in promoting this transformation. As a port city with convenient transportation and abundant resources, Zhoushan is not only an important center for international trade, but also an important hub for oil storage, transportation, and trading.
The World Oil Merchants Conference has provided an open platform for the global oil and gas industry to discuss, cooperate, and achieve a win-win future. At the meeting, by holding a special exhibition on the allocation hub of bulk commodity resources in Zhoushan and a series of investment promotion and customer docking activities, the exhibition, promotion, and project attraction of Zhoushan in the fields of oil and gas, iron ore, non-ferrous metals and other bulk commodity industries were highlighted, forming a good demonstration effect and laying a good foundation for deepening global energy cooperation and promoting high-level opening up to the outside world.
