BP Q4 ENEWSLETTER

In the World Energy Outlook 2009 report, the International Energy Agency estimated that according to current policies, by the year 2030, the world’s cumulative demand of primary energy will increase by 40% on the basis of 2007. Moreover, fossil fuels will continue to lead and account for more than 3/4 of fuel consumption growth. Additionally, by 2030, the proportion of oil as a single fuel will slightly drop in primary energy, but still maintain the largest portion. Therefore, it is increasingly important to promote energy diversity throughout the world and encourage the use of traditional energy in a clean and low carbon way. At the same time, searching for additional oil and gas supplies is also crucial for ensuring energy security as well as promoting the stable and healthy development of the world’s economy.

Chengyuan won one of the Global Operational Excellence Awards from Air BP for its technical innovation of illumination device mounted on intake hose earlier last month, the fifth time the company achieved this since its establishment in 1998. This has made Chengyuan, BP’s first ever joint venture in China, an industry benchmark in areas of safety and operation management in the aviation fuel industry.

“No accidents, No harm to people, No damage to environment” stands not only as the ultimate goal of BP in the fields of health, safety and environmental protection, but also as the ceaseless pursuit of BP’s daily production and operation. and operation. Fully carried out in BP’s joint ventures in China, this safety concept carries with it endless energy and great potential for success.