The strength of Fortune Oil lies not only in China, but also in the Middle East where Fortune Oil’s affiliated parties have over 30 years of experience and established an extensive network with key government agencies and national oil and gas companies. Fortune Oil is therefore well-positioned to further enhance its supply and trading activities of oil products, LPG and LNG from the Middle East to Fortune Oil’s customers in China.
China is the world’s largest growth market for natural gas and clean energy. Recent policies of the Chinese government including industry restructuring, upgrading the energy mix, the ”Belt and Road” initiative, the Asian Infrastructure Investment Bank(“AIIB”) and the “Investing Outward Policy” have provided vast opportunities for Fortune Oil’s development strategy, i.e. to capitalise on China’s growing energy demand, and further develop long-term, stable and competitive energy supply from overseas. Looking ahead, Fortune Oil will, by building on existing resources and advantages in national and international markets, continue to strengthen its position in China’s energy development.