CNPC's Wang Sees Oil at $50 in 2017

The transcript discusses CNPC's involvement in over 50 projects across 19 countries within the Belt and Road framework, focusing on gas projects in Russia and Central Asia, and oil operations in Africa. It highlights strategies to mitigate China's dependence on overseas energy by enhancing domestic oil exploitation and collaborating with resource-rich countries. The outlook for oil prices suggests a slow recovery, with prices not expected to reach 2014 levels. The balance between global supply and demand is crucial for stable trading prices.

What is the primary focus of CNPC's projects in Russia and Central Asia?

• Oil operations

• Gas projects

• Nuclear energy

• Renewable energy

Which strategy is NOT mentioned as a way to reduce dependence on overseas energy supplies?

• Increasing domestic oil exploitation

• Collaborating with resource-rich countries

• Balancing imports with foreign resources

• Investing in renewable energy

What is the expected price per barrel of oil in 2017 according to the transcript?

• 70 USD

• 60 USD

• 50 USD

• 40 USD

What is the predicted trend for oil prices in 2018?

• Slow recovery

• Rapid decrease

• Stagnation

• Rapid increase

According to the transcript, what is the foundation for a stable trading price?

• High demand

• Balance between supply and demand

• Government regulations

• Low supply