On May 25th, the High-level Forum on Energy Strategy, a key event of the 9th China Beijing International Science and Technology Industry Expo, took place in Beijing. Li Yongwu, president of the China Petroleum and Chemical Industry Association and one of the forum's organizers, delivered a speech highlighting the current state and future challenges of the energy sector.
He emphasized that the petroleum and chemical industry is a vital foundation and pillar of China’s national economy. In 2005, the sector achieved an industrial output value of 3.3762 trillion yuan, with over 20 major products ranking among the world’s top producers. However, the industry faces several critical challenges: balancing international competitiveness with innovation, managing rapid growth against resource scarcity, aligning with the goal of a resource-efficient society despite outdated technology and management practices, and addressing environmental concerns with limited governance capacity.
During the “11th Five-Year Plan†period, the oil and chemical industry is expected to see new development opportunities, but it will also face increasing pressure from resource depletion and environmental issues, especially in terms of energy use. To meet these challenges, the industry must strictly follow the 32-character principle of “energy conservation first, efficiency-oriented, coal-based, diversified development, structural optimization, environmental protection, and both domestic and open policies,†ensuring the needs of national economic and social development are met.
Amid global energy shortages and rising crude oil prices, the Energy Forum at the CIIF has gained significant attention in recent years. Last year, it was ranked among the top 10 most discussed forums by relevant authorities. This year’s theme, “Promoting Healthy and Orderly Development of the Energy Industry and Contributing to a Conservation-Oriented and Harmonious Society,†focuses on specialized sessions including oil and petrochemicals, coal, power, energy-saving workshops, and energy conservation initiatives.
In the oil and petrochemicals special session, topics such as the development of the petroleum and petrochemical industry, safety management, and offshore oil and gas exploration will be addressed, reflecting the industry’s commitment to sustainable and safe growth.
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