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| | | | |  | | | During the period of China’s 11th Five-year Plan(2006-2010), we adhered to our policy of “Caring for energy, Caring for you”. We earnestly implemented the concept of scientific development, seized important opportunities for strategic development and implemented our resources, market and internationalisation strategies. In addition, we proactively honored our economic, environmental and social commitments. As a result, we successfully resisted the impact of the global financial crisis and a number of natural disasters, and translated these crises into opportunities, achieving new results and advances in all respects. Significant changes have taken place as evidenced by the international energy company framework which has taken shape, enhanced value, competitiveness and our capability to sustain development.
In 2010, faced with a complex macro economic climate and frequent natural disasters, we analysed the situation, made scientific decisions, unified our understanding, fortified our confidence and jointly coped with the difficulties. As a result of our efforts to coordinate production, transportation, sales and inventory, and market expansion, the Company maintained stable production and operations and experienced rapid development. In particular, we thrived on breaking new ground in international oil and gas cooperation. We strategically started non-conventional oil and gas cooperation. The integrated upstream-downstream business cooperation accelerated. Both Line B of the Central Asia-China Gas Pipeline and the China-Russia Oil Pipeline were commissioned. In the face of natural disasters, such as the Yushu earthquake and the Zhouqu mudslide, and during big events like the Shanghai World Expo and the Asian Games, as well as oil and gas supply shortages in certain areas and times, we strived to mobilise all resources and to meet the market demand, which won high recognition from governments at all levels and social communities.
Currently, the global economy is still in a slow recovery from the downturn while the challenges in energy security and climate change worsen. PetroChina will proactively honour its responsibility and rise to these challenges to provide sustainable energy supplies. During the 12th Five-year Plan, PetroChina is still at a crucial stage of developing itself into an international energy company. We will focus on scientific development, accelerate the transformation of our development pattern, and ensure harmony and stability. To this end, we will adhere to our business strategies, in developing foreign and domestic markets and using foreign and domestic resources, with the main oil and gas businesses at the top of the agenda. We will fully use our comparative advantages, push forward restructuring and optimisation, technology and management innovation, environmental protection and energy conservation, and put emphasis on securing and improving livelihood, so as to enhance international competitiveness and sustainability and achieve stable, fast and balanced growth.
Among these, what is most important is to accelerate the transformation of our development pattern. The Company’s achievements in the 11th Five-year period show that we must work to maintain steady and relatively fast growth, and at the same time speed up the transformation of our development pattern so that our efforts on these two fronts will reinforce each other. This means we will have to promote transformation and seek growth to realise development of high quality and efficiency. The relationships between present and long term, interest of the part and of the whole, size and speed and quality and profitability must also be balanced. We strive to coordinate the development of upstream, midstream and downstream, and of domestic and international business. We must establish reform and innovation as the powerhouse by improving the marketisation mechanism and promoting management and technological innovation as well as increasing dynamism and competitiveness of the Company to realise intensive development. We must continue to put people first by protecting the legitimate rights of employees, enhancing production safety, saving energy, reducing emissions, coordinating corporate development with resource and environmental protection, and balancing corporate growth with employee growth. We will encourage and promote the Daqing Spirit and Iron Man Spirit to build a consistent corporate culture with strong cohesion and great growth potential so that such spirits can become a spiritual pillar for the Company’s growth.
In the foreseeable future, we will scale up efforts to optimise structure and resource allocation, enhance technological innovation to boost sustainable development, promote the importance of talent in the company’s growth to provide intellectual support to the Company’s development, improve all the mechanisms and systems to strengthen management and control, highlight basic management to improve refined management, promote energy saving and emissions reduction to conserve resources and protect the environment by embedding this change of development mode throughout the whole production process. This is so the Company’s driving force for development can shift from investment expansion and increase of physical work to technological and management innovation as well as improvement of employee competence. From planned production, operation and allocation of production means to a combination of planned and market based, with an enhanced role for market based decision making. From development of the domestic market to coordinated utilisation of foreign and domestic markets and resources, with equal importance attached to increasing both domestic and global market share. From upstream businesses to all the business modules to improve the overall profitability, development quality and efficiency with the aim to achieve sustainable development for PetroChina.
Faced with the uncertainties and unexpected risks that may arise in future, we will respond with strategic global insight and enhance our sense of crisis, opportunity and responsibility so we can seize development opportunities and overcome difficulties and challenges to build PetroChina into a green, international and sustainable company, and make new contributions to sustainable socio-economic development.The “11th Five-Year Plan” means the planning framework of the Chinese domestic economy and social development in its 11th five-year, which started from 2006 and ended in 2010.
The “12th Five-Year Plan” means the planning framework of the Chinese domestic economy and social development in its 12th five-year, which started from 2011 and will end in 2015. |
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| Copyright 2003-2008, PetroChina Company Limited, All Rights Reserved |
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| Address: 9 Dongzhimen North Street, Dongcheng District, Beijing, P.R.China | Postcode: 100007 |
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