Petronas debuted at the 19th China-ASEAN Expo

On September 16-19, the 19th China-ASEAN Expo with the theme of "Sharing RCEP New Opportunities and Boosting China-ASEAN Free Trade Area Version 3.
0" was held
in Nanning, Guangxi.
"ASEAN's most valuable brand", PetroMalaysia ("Petronas") and its joint venture in China, Guangxi Beihai Yuchai Petroleum Advanced Lubricants Co.
, Ltd.
("Yuchaima Petroleum") unveiled at the Expo
.
Under the new opportunities of the Regional Comprehensive Economic Partnership (RCEP), Petronas is accelerating cooperation on energy transition and working with all parties to build a green energy community
.

The 19th China-ASEAN Expo opened

At this year's China-ASEAN Expo, Malaysia served as the theme country
for the second time in 11 years.
Speaking at the opening address, Malaysian Prime Minister Datuk Ismail said: "The RCEP agreement will bring many opportunities to promote business development in the region, improve cross-border supply chains, diversify production networks, and seamlessly integrate
with global economic recovery and growth.
"As the first ASEAN country to establish diplomatic relations with China, Malaysia has continued to deepen cooperation
with China over the years.
As of 2021, China has been Malaysia's largest trading partner
for 13 consecutive years.
The trade volume between the two sides is still rising against the trend under the epidemic, and the bilateral trade volume between China and Malaysia will reach US$176.
8 billion in 2021, an increase of 34.
5%
year-on-year.
Datuk Ismail mentioned that at the China-ASEAN Expo, a number of important Malaysian enterprises, including Petronas, actively participated and looked forward to further enhancing Malaysia-China trade exchanges and accelerating the regional economic recovery process
through this important platform.

This year is the beginning of the China-ASEAN comprehensive strategic partnership, and it is also the first year of the implementation of the RCEP, and the construction of China-ASEAN version 3.
0 is about to start
.
In such a special year, Malaysian Ambassador to China Raja Datuk Nusilwan recently said: "RCEP has paved the way
for us to further cooperate with China and promote bilateral trade activities.
As the regulator of Malaysia's national oil and gas resources, Petronas continues to play an irreplaceable role in strengthening bilateral relations and boosting confidence, and its continued development in the Chinese market is also a strong testimony
to the enduring friendship between China and Malaysia.
The deep trust that Petronas has built with its Chinese partners not only underpins the commercial activities of Petronas Makrit, but is also a valuable asset that can unleash the potential of the partnership between Malaysia and China
.
”

Petronas and its joint venture in China, Yuchai Mabel Petroleum, debuted at the China-ASEAN Expo

At this expo, Petronas and its joint venture in China, Yuchai Makoil, jointly unveiled
.

"The vast and resilient Chinese market is critical to Petronas Malaysia's global business strategy, and Petronas hopes to continue to deepen exchanges with Chinese partners, discuss important issues of energy security and energy transition, and work with more Chinese partners to achieve the green goal
of net zero carbon in the future through this China-ASEAN Expo," said at the expo.

Fan Yanghui, Chairman of Yuchai Ma Petroleum Company, said: "Yuchai Ma Petroleum is the result of the strong alliance and diversified development of Chinese and Malaysian enterprises, and is also a witness to the vigorous development of Sino-Malaysian trade
.

Petronas China Chairman Li Yan (middle), Chairman of Yuchai Ma Petroleum Company Fan Yanghui (right) and General Manager of Yuchai Ma Petroleum Company Chen Jiaqun (left) pose for a group photo in front of the Malaysian Malaysia booth

It is reported that in the future, while strengthening its core business, Petronas will vigorously promote the sustainable development agenda, give full play to its own resource and technological advantages, promote energy transition cooperation between China and Malaysia, strengthen the partnership between the two sides, and empower the energy transition and low-carbon goals of China and even the region
.
(Liu Quanchang)