Since its establishment in 1998,CNPC's development strategies have gone through four phases with corresponding development strategies at each phase,effectively resolving major operational conflicts.In 2021,the company has formulated and implemented such five major strategies as innovation,resources,market,internationalization,as well as green and low-carbon,which have been implemented with remarkable effects,but still have such challenges in each strategy as the innovation strategy faces insufficient technological originality and imperfect scientific&technological institutional mechanisms,the resource strategy faces deteriorating oil and gas resource quality and insufficient synergy of multiple resources,the market strategy faces insufficient new product development capability and inflexible market mechanisms,internationalization strategy faces declining capacity of acquiring oil and gas resources overseas and weak rights in the global oil and gas market,and green and low-carbon strategy faces low level of electrification of terminal energy use and undeveloped new energy ecosystem.It is recommended that vigorously implementing the innovation strategy to enhance the level of science and technology of the entire industrial chain,taking multiple measures to build a new pattern of coordinated development of multiple resources,adhering to the market-oriented approach to increase market competitiveness,optimizing and adjusting the overseas business structure to boost the ability of international operation,and focusing on the concept of green and low-carbon development to accelerate the company's transition and development.
CNPCdevelopment strategiesinnovationresourcesmarketsinternationalizationgreen and low-carbon
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