Since 2019, how to reduce the cost with high efficiency for a better market becomes a key issue for petroleum industry to meet the challenge of low oil price as the oil market demand is reducing and natural gas producing-marketing conflict is increasing. The whole industry is pondering how to occupy the low-cost and technology advantages to promote the core competence by reducing cost.

Challenge also brings opportunities. In order to discuss how to embrace challenge and grasp opportunity to promote development, the 12th International Petroleum Summit will be held in Beijing concurrent with the 21th China International Petroleum & Petrochemical Technology and Equipment Exhibition (cippe2020).

The12th International Petroleum &Natural Gas Summit will offer the industry participants a platform for discussing the technology application and market analysis.