SHANGHAI, Nov 10 (China Economic Net)-The 9th China International Import Expo (CIIE), themed "New Era, Shared Future," was held in Shanghai from November 5 to 10. Markel Hübinette, Vice President of Conoco Phillips Company and President of Conoco Phillips China, said that at this year's expo, Conoco Phillips is highlighting three core pillars: its collaborative partnership with CNOOC in the Penglai Oilfield in Bohai Bay, its role as one of China's largest LNG suppliers, and its long-standing commitment to corporate social responsibility (CSR).

Highlighting the company's operations in the Penglai Oilfield in Bohai Bay, Hübinette described the Penglai Oilfield as the home of Conoco Phillips' main operations in China and the partnership with CNOOC as a "great success story." Over more than two decades, the two companies have invested more than 150 billion RMB and have built 19 offshore platforms and one of the world's largest FPSOs. To date, total crude output of Penglai has exceeded 85 million tons, significantly contributing to China's energy security.

Notably, the Penglai Oilfield is currently achieving its highest production in a decade, which serves as a "cornerstone" of the company's 45-year journey in China, Hübinette noted.

In the LNG sector, Conoco Phillips continues to reinforce its role as one of China's largest LNG suppliers alongside its Chinese partners. Through its global joint ventures, the company supplies approximately 15% of the LNG imported into China.Looking ahead, Hübinette noted that Conoco Phillips anticipates market growth over the next 10 to 15 years, emphasizing that the company is "well positioned to continue that collaboration with our Chinese partners."

Corporate social responsibility represents the third key pillar highlighted at this year's expo. Conoco Phillips has long been committed to creating lasting value for local communities in China. Since 1997, the company has dedicated more than 88 million yuan to health, conservation and education initiatives. Reflecting on this journey, Hübinette noted that CSR is part of Conoco Phillips' DNA, adding that he is "very proud of that effort" and its positive impact across the country.

Speaking about opportunities in the Chinese market, Hübinette expressed confidence in its prospects. As the world's second-largest economy, China continues to outpace most global economies in growth. "That business growth helps underpin our future investments here in China," he said. "In traditional energy, alongside crude oil, LNG and LPG offer significant growth potential over the next five to ten years. Our approach aligns closely with China's 15th Five-Year Plan, and we look forward to advancing these opportunities together with our Chinese partners."

This year marks Conoco Phillips' fifth consecutive year participating in the CIIE. "As an ‘old friend' of the CIIE, we reconnect with long-standing partners while welcoming new ones. It is a platform that demonstrates our presence here, and a great opportunity to continue building on those ties,"Hübinette said. Looking ahead, he added: "Next year marks the 10th anniversary of the CIIE, which will be a big milestone and celebration, and we look forward to coming back as well. "