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2021 marks the 30th anniversary of the establishment of diplomatic relations between China and Brunei, as well as the 30th anniversary of the establishment of China-ASEAN dialogue relations.
It also coincides with Brunei's assumption of the rotating presidency of ASEAN
.
On January 14, State Councilor and Foreign Minister Wang Yi visited Brunei upon invitation
.
On September 15, 2020, Hengyi Petrochemical issued an announcement announcing that it plans to invest in the construction of the second phase of the PMB petrochemical project (referred to as the second phase of the Brunei refining and chemical project)
.
The investment amount is about 13.
7 billion US dollars (about 92.
432 billion yuan), and the project funds will be composed of the company's own funds, bank loans or other financing methods.
The project implementation entity is still Hengyi Industrial (Brunei) Co.
, Ltd.
, which has invested in the first phase company
.
The Brunei Refining and Chemical Phase II project mainly includes 14 million tons/year refining, 6.
33 million tons/year refined oil, 2 million tons/year paraxylene, 2.
5 million tons/year PTA downstream, 1 million tons/year PET, 1.
65 million tons/year ton/year of ethylene and downstream deep processing
.
The company expects the construction period of the project to be 3 years, that is, it will be completed and put into operation in 2023, and it is expected that the average annual income of the factory will increase by 11 billion US dollars after it is put into operation, and the average annual net profit will increase by 1.
7 billion US dollars
.
Brunei Sultan Hassanal said that Brunei is willing to take the celebration of the 30th anniversary of the establishment of diplomatic relations between the two countries as an opportunity to connect Brunei's "Vision 2035" and China's "2035 Vision", strengthen cooperation in agriculture, fisheries and other fields, and promote Hengyi Petrochemical, "Guangxi-Brunei Economic Corridor" and other major projects to deepen the strategic partnership between the two countries
.
Wang Yi expressed that this year marks the 30th anniversary of the establishment of diplomatic relations between China and China, and bilateral relations have reached a new historical starting point
.
When the two sides held talks, Wang Yi expressed that China is willing to maintain high-level exchanges with Brunei, jointly hold the celebrations for the 30th anniversary of the establishment of diplomatic relations between the two countries, summarize the successful experience of the development of bilateral relations in the past 30 years, and plan the development prospects of bilateral relations in the next 30 years
.
The two sides should steadily advance the two flagship projects of Hengyi Petrochemical and the "Guangxi-Brunei Economic Corridor" under the framework of jointly building the "Belt and Road", maintain the development momentum of economic, trade and investment cooperation, and strengthen exchanges of higher education and international students
.
The Brunei side said that Brunei attaches great importance to its relations with China.
The two countries share extensive common interests and have great potential for cooperation
.
Brunei is willing to seize the opportunity of the establishment of diplomatic relations between the two countries and the establishment of ASEAN-China dialogue relations during the "double 30 years" to further advance cooperation with China
.
Hope to strengthen cooperation in fishery and tourism between the two countries, deepen the construction of Hengyi Petrochemical and "Brunei-Guangxi Economic Corridor", welcome more Chinese enterprises to invest in Brunei, explore new areas of cooperation such as e-commerce and digital economy, and help Brunei achieve economic development Diversity
.
On January 15, Vice Minister of Commerce Qian Keming, who accompanied State Councilor and Foreign Minister Wang Yi to visit Brunei, accompanied by Kang Wen, Commercial Counselor of the Chinese Embassy in Brunei, made a special trip to visit Hengyi Brunei's PMB petrochemical project, and cooperated with Hengyi.
Vice President of Petrochemical Co.
, Ltd.
and CEO of Hengyi Industrial (Brunei) Co.
, Ltd.
Chen Liancai and other company leaders held discussions
.
Qian Keming spoke highly of the Hengyi Brunei petrochemical project, and highly praised the company's emphasis on corporate social responsibility
.
He pointed out that the Hengyi Brunei petrochemical project is a landmark project of the "Belt and Road", showing the amazing Chinese speed, excellent Chinese quality and advanced corporate management concepts
.
He also particularly appreciated the company's establishment of a corporate social responsibility (CSR) fund, the development of local talent training and social welfare, and the generous donation of anti-epidemic materials to the Brunei government during the epidemic
.
The success of the first phase of the Hengyi Brunei Petrochemical project has effectively improved the confidence of all parties in the second phase of the project
.
Qian Keming said that the Ministry of Commerce will go all out to support the Hengyi Brunei petrochemical project, pay attention to it as the top priority, and do a good job in providing service point-to-point.
He hopes to improve his sense of mission and pride, and accelerate the process of promoting the internationalization of the enterprise.
Continue to strengthen the cultivation of local talents, increase the proportion of localized employees, achieve a win-win situation between corporate interests and local interests, and promote the diversified development of Brunei's economy
.
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