On November 11, local time, CNOOC Chairman Wang Dongjin attended the 2020 Abu Dhabi CEO Roundtable held via video conference. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and CEO of the Abu Dhabi National Oil Company (ADNOC), delivered the opening speech, and Daniel Yergin, Vice Chairman of IHS Markit, chaired the meeting. Heads of the world's leading oil, gas, and petrochemical companies talked on adjusting industry strategies and promoting energy transformation to respond the challenges of COVID-19.

Wang Dongjin noted that the current global energy industry is going through unprecedented transformations and the pandemic challenges have accelerated the global energy transition. CNOOC has strived to control costs, adjust structure, improve quality, and increase efficiency to promote the company's development on a sustainable course.

He said that in recent years, CNOOC has made great efforts to consolidate its low-cost competitive advantage and provide a solid guarantee for the company's transformation and development. The company also attaches great importance to the natural gas industry, continues to increase natural gas exploration and development and expands the scale of the LNG industry. At the same time, it actively promotes the new energy industry to achieve the leap from traditional oil and gas to new energy development.