With the continuous advance of globalization, and especially China’s rapid economic and social development, We has gained and will continue to gain enormous opportunities for development while facing a series of new challenges. In 2007, with the concept of scientific development and guided by the corporate policy of "Energize, Harmonize, Realize" and the core business management notions of “Honesty, Innovation, Performance, Harmony and Safety”, we took the opportunity for development and actively responding and overcoming challenges. As a result, we obtained unprecedented performance.

In July 2007, PetroChina joined the UN Global Compact, so we will adhere to the ten principles of the Global Compact and strive to improve our capability and performance in fulfilling social responsibilities.

With increasing thirst for energy in the domestic market, meeting supply is the greatest challenge PetroChina must face in the long-term while its main social responsibility is to make continuous efforts to increase oil and gas production, provide stable supply,satisfy the energy demand for economic and social development to the greatest extent and safeguard the country’s energy security.

Facing challenges of energy shortage, global climate change and ecological environment deterioration, we place at a vital position the establishment of a resource-conservative and environment-friendly enterprise, the protection and restoration of an ecological environment and the achievement of harmonious development between human and the nature.

We actively supported and implemented the China,s National Climate Change Programme, contributed to the establishment of China's Green Carbon Fund jointly with CNPC, the State Forestry Administration and the China Green Foundation, and sponsored plantation programs and the bio-energy forest bases aiming at carbon sequestration.While fulfilling the target of cleaner production, we strive to provide clean energy to the society. Our gas supply continues to rise rapidly and our National-IV diesel oil is available in the Beijing market.

Although under the pressure and challenges for work safety from both the high-load production due to energy shortage and the enlarging production and operation, we proceeded with the “Foundation Year of Safety and Environment” program by strengthening control over hidden hazards, promoting the establishment of HSE management systems through improving rules and regulations, training and performance assessment,and signing safety and environmental responsibility contracts with staff members at all levels.As a result, steady improvement in safety and environment was achieved, with the total number of accidents dropping significantly and serious and extra-serious accidents kept under limits.

Being a major public company in China, PetroChina also faces many new challenges in promoting economic development and the construction of a harmonious society in the communities in which it operates. We always adhere to the concept of "people-orientation", respect the rights and interests of our staff, support their career development plans, safeguard their health and ensure that the Company’s achievements in development and creation are shared among all staff.

PetroChina is at a new starting point for development, facing unprecedented pportunities as well as challenges. We are fully aware that unremitting efforts are required in fulfilling corporate social responsibilities. We will always adhere to the policy of "Energize, Harmonize, Realize", maximize the overall interests of the Company and stakeholders, and make new contributions to the progress of a prosperous society and to the sustainable development of humankind.