According to the latest report on the “Economic Journal” website on March 22, the world-renowned energy giant Saudi Aramco made a commitment at the China Development Forum held on March 21. As the world is in a period of parallel operation of new energy and traditional energy, During this period, the group will regard “ensuring China’s energy security” as its highest priority in the next 50 years and even longer.
Affected by the spread of COVID-19, global crude oil demand has shown a weak trend throughout 2020. Saudi Arabia, which makes a living by selling oil, naturally cannot escape this disaster. According to the latest financial report released by Saudi Aramco, the company’s net profit in 2020 was only US$49 billion (equivalent to approximately 318.8 billion yuan), a sharp drop of 45% from US$88.2 billion in 2019.
However, as China took the lead in implementing epidemic prevention and control, my country’s crude oil demand remained strong last year, with a total of nearly 542 million tons of crude oil imported, a year-on-year increase of 7.3%. Among them, Saudi Arabia is also my country’s largest source of crude oil imports.
Data released by the National Bureau of Statistics show that in 2020, the scale of crude oil purchased by my country from Saudi Arabia reached approximately 84.92 million tons, with a daily The average import volume is about 1.69 million barrels. Therefore, what Saudi Aramco said above means plainly that in the next 50 years or even longer, it will actively maintain energy cooperation with China and ensure energy supply to China.
As one of the largest energy-demanding countries, my country’s energy market has always been a battleground for energy-exporting countries such as Saudi Arabia and Russia. Over the years, Saudi Arabia and Russia have been competing fiercely to maintain China’s status as the largest crude oil supplier. In contrast, India is in a hurry to use oil and has made requests to Saudi Arabia for increased crude oil supply and production, but has been ruthlessly rejected by Saudi Arabia.
In addition to paying attention to China’s traditional energy needs, Saudi Arabia also attaches great importance to China’s plan to pursue new energy transformation. With my country’s “carbon neutrality” goal, China National Petroleum Corporation (CNPC) has predicted that my country’s oil demand in 2020 will be limited to 730 million tons. According to Saudi Aramco’s plan, the company has planned to cooperate with local universities and enterprises in my country to develop cleaner engine fuel systems and technologies to reduce carbon dioxide and other gas emissions. </p
