CNPC's Wang Sees Oil at $50 in 2017

CNPC's Wang Sees Oil at $50 in 2017

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Interactive Video

Business, Architecture

University

Hard

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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.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What role do Chinese oil and gas companies play in domestic oil exploitation?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the outlook for oil prices in 2018 according to the text?

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