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Li Yong Meets with BP’s CEO Robert Dudley

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On the afternoon of November 13, Li Yong, Executive Director of CEFC China met with Robert Dudley, CEO of BP, in Abu Dhabi. The two sides exchanged ideas on improving mutual understanding and cooperation and reached broad consensus on the cooperation in upstream assets, energy trade and project development.



Li Yong in talks with Robert Dudley


Representatives from both sides also held in-depth discussions on the cooperation in the whole industry chain of oil and gas, namely the upstream, midstream and downstream sectors, in a cordial and friendly atmosphere. Li Yong noted that CEFC China and BP work as partners in the ADNOC and Rosneft projects. The companies, which are developing at different phrases, should give play to their respective advantages to seek joint development.

Robert Dudley said that he first approached CEFC China with the Rosneft project and met Chairman Ye Jianming, a strategist and entrepreneur of great vision. He highly appreciated CEFC China’s development model of its investment against the market trend, industry and finance combination and active exploration of the new cooperation model with energy terminals. In particular, he expected a full partnership with CEFC China in energy trade and retail and industry and finance combination. In a cordial and friendly atmosphere, the two sides discussed and agreed on the cooperation for future development, mutual benefits and win-win results.



Attendees from both sides


William Lin, Chief of Staff to Group Chief Executive at BP, Andrew McAuslan, Head of Business Development (Oil & Exploration) at BP, Wu Hongbing, Vice President of CEFC China, Cai Feng, Deputy General Manager of Investment Management Department, Wang Shali, Deputy General Manager of Investment Management Department, Zha Zhiwei, Deputy General Manager of Investment Management Department, Zhang Lei, Executive Deputy General Manager of CEFC Group (Middle East) Company and Wang Dong, Technical Director of CEFC Group (Middle East) Company also attended the meeting.

Next: Li Yong meets Chief Director of Global Energy Marketing of Inpex Corporation Shigeharu Yajima
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