During the Eighth China International Import Expo (CIIE), multiple Chinese state-owned enterprises signed substantial procurement agreements with international suppliers, totaling over $70 billion. These agreements aim to strengthen global collaboration and enhance the stability of the energy supply chain.

China National Petroleum Corporation (CNPC)

CNPC signed 43 agreements valued at $17.485 billion with 41 international companies at its Eighth CNPC International Cooperation Forum. Partners included Saudi Aramco, TotalEnergies, GS Caltex Corporation, Kuwait Petroleum Corporation, Uhde High Pressure Technologies, SLB, ISU Specialty Chemical, and Siemens Energy. Over the past eight years, CNPC has signed procurement agreements totaling $144.785 billion with 232 international suppliers. The company's president emphasized deepening global energy governance, building a multi-source energy supply network, and accelerating the development of low-carbon technologies like carbon capture, utilization and storage (CCUS), hydrogen, and solar to support the transition to green energy.

Sinopec

Sinopec signed agreements worth $40.9 billion with 34 partners from 17 countries and regions. These agreements cover 24 types of products across 10 categories, including crude oil, chemicals, equipment, materials, and consumer goods. Since the first CIIE in 2018, Sinopec has signed orders exceeding $325 billion. The company's president highlighted plans to expand green and low-carbon cooperation, advance the clean use of traditional energy, and develop new energy sources. Looking ahead to China's 15th Five-Year Plan period (2026–2030), Sinopec committed to strengthening scientific innovation, overcoming developmental bottlenecks, and building new industry advantages.

China National Offshore Oil Corporation (CNOOC)

CNOOC signed procurement agreements totaling over $13 billion, a record for the company at a single CIIE. The agreements cover crude oil, natural gas, deepwater oil and gas equipment, and advanced technical services. Partners included Siemens Energy’s Industrial Turbine Company, Schlumberger Reservoir Products, Baker Hughes Singapore, S&P Global Asia Pacific, Saudi Aramco, ConocoPhillips, Repsol Trading, TotalEnergies, Petrobras Singapore, Adnoc Global Trading, and DNV China. Over the past eight years, CNOOC has signed agreements with more than 100 suppliers from over 30 countries. The chairman stressed deepening multilateral cooperation, increasing investments, and strengthening oil and gas exploration and infrastructure. He also emphasized managing the balance between carbon reduction, green development, and economic growth, and accelerating the creation of clean, low-carbon supply chains. CNOOC plans to enhance international operations, boost reserves and production, and develop new businesses such as offshore carbon capture and storage, CCUS, hydrogen energy, and green fuels.

Shanghai Zhenhua Heavy Industry (ZPMC)

Shanghai Zhenhua Heavy Industry signed procurement agreements valued at approximately $393 million with 12 leading international suppliers, including Siemens, Dellner Bubenzer, Prysmian, Yaskawa Electric, RAM Lifting Technologies, and Cavotec Hong Kong. These agreements, signed during China Communications Construction Company's Import Procurement Signing Ceremony, will enable ZPMC to deepen cooperation with global industry leaders through joint innovation and shared value creation across the supply chain. The company's president expressed a commitment to technological collaboration, resource sharing, and joint standard-setting to create a mutually beneficial supply chain ecosystem.

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