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CEFC China Chairman Ye Jianming Visits Total Headquarters

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On the afternoon of September 20, Ye Jianming, Board Chairman of CEFC China Energy Company Limited (CEFC China), led a delegation on a visit to Total at the invitation of Patrick Pouyanne, Chairman and CEO of Total. Mr. Pouyanne warmly received Mr. Ye and the CEFC delegation at Total’s Paris headquarters. The two sides had an in-depth discussion and reached broad consensus on issues ranging from the development and utilization of natural gas, electric power, wind and solar energy development, crude oil trading and refining, and efforts to promote the interaction between Chinese and international energy markets.

 

Mr. Ye said, “The advent of the new energy revolution promises good prospects for sectors including gas-fired power generation, raw materials for the battery industry, and smart power. CEFC China is actively engaged in the development and utilization of new energy, with a focus on the acquisition of upstream gas resources and the development of raw materials for new energy batteries. CEFC China also plans to put more resources into the development and utilization of smart power and fine chemical engineering for oil and gas.” He added, “Total is a world leader in natural gas, electric power, and new energy, with an elite team of professionals and remarkable advantages in resources, technology and management expertise. CEFC China is willing to leverage its advantages to advance mutually beneficial cooperation with Total in areas including upstream investment, energy project coordination, and clean energy development for the Chinese market.”

 

Mr. Pouyanne warmly welcomed Mr. Ye, and expressed his compliments and congratulations to CEFC China on the remarkable achievements it has recently made. He outlined Total’s resources and technological advantages in natural gas, electric power, solar, and wind power. Mr. Pouyanne said, “Total is optimistic about the huge potential in the new energy market in China, and there’re indeed a host of highly competitive new energy players in the country. Total hopes to work with CEFC China to expand investment in China and to explore the international market.” He added, “Total has a keen interest in the Chinese market, and is looking forward to establishing a strategic partnership with CEFC China dedicated to natural gas, electricity, and new energy.”

 

As shareholders of the ADNOC concession, CEFC China and Total have already established a solid cooperative relationship. Both believe that the strategies and resources of the two companies are highly complementary to each other. Going forward, both companies will continue to deepen strategic cooperation in areas including natural gas development and utilization, electric power, new energy, crude oil refining, and petrochemicals. Both sides have also designated their working groups to implement the cooperation. Philippe Sauquet, President for Gas, Renewables & Power, Arnaud Breuillac, President for Exploration & Production, Bernard Pinatel, President for Refining & Chemicals, Momar Nguer, President for Marketing & Services, Thomas Waymel, President for Trading and Shipping, and Li Yong, Executive Director of CEFC China, Wu Hongbing, Vice President of CEFC China, Guo Lin, Chairman of CEFC Shanghai Securities, Wang Shali, Vice President of CEFC Shanghai International Group, Cui Zhenchu, Board Director of CEFC Shanghai International Group, Cai Feng, Deputy General Manager of the Investment Department of CEFC China, Zha Zhiwei, Deputy General Manager of the Refinery Terminal Management Center of CEFC China also attended the meeting.

 

Mr. Ye also met with Nicolas Dufourcq, CEO of Banque Publique d’Investissement (BPI), and Jose Gonzalo, BPI’s Executive Director for Mid & Large Cap Stocks, and had an in-depth discussion on international banking and fund cooperation.



 
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