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Fortune Oil and Zhanjiang Port Group Signed Strategic Cooperation Framework Agreement to Jointly Build a New Benchmark for the "Belt and Road" International Energy Hub
2025.09.19
On September 19, 2025, Fortune Oil Limited（Fortune Oil ) and Zhanjiang Port （Group） Co., Ltd. (Zhanjiang Port Group) held a signing ceremony for a Strategic Cooperation Framework Agreement at Zhanjiang Port Building. The agreement aims to jointly serve national energy security and regional economic development, give full play to Zhanjiang Port's geographical advantages and the professional capabilities of both parties in the field of energy storage and transportation, and work together to build a new benchmark for the "Belt and Road" international energy hub. Chief Executive Officer Mme. Li Ching and Zhanjiang Port Group Chairman Mr. Hu Shaode signed the agreement on behalf of both parties.
In her speech, Mme. Li Ching stated that energy is the lifeblood of national economic development. Safeguarding energy security and smoothing energy logistics are significant historical missions and national responsibilities undertaken by energy enterprises. Since the 1990s, Fortune Oil has been committed to investment and operation in China's oil and gas sector. It has established long-term and stable strategic cooperative relationships with large central state-owned enterprises (SOEs) such as CNAF, SINOPEC and CNPC, and has participated in a number of national-level energy infrastructure projects. Zhanjiang Port possesses unique geographical advantages and great development potential, and it serves as a crucial pivot for the country to build a new development pattern and create an international corridor oriented towards ASEAN. China National Aviation Fuel Group Limited Southern Storage and Transportation Company Limited (“CNAF SSTC”), a subsidiary of Fortune Oil, is an energy storage and transportation base rooted in Zhanjiang Port. Therefore, deepening cooperation between Fortune Oil and Zhanjiang Port Group is an inevitable choice to serve the national energy security strategy and regional economic development. The strategic cooperation agreement signed this time marks that our cooperation has entered a new stage featuring comprehensiveness, depth and strategic importance.
In his speech, Mr. Hu Shaode pointed out that this cooperation represents a major upgrade for both parties to expand strategic cooperation and extend cooperation areas. It is also a key initiative for both parties to jointly build a benchmark for the "Belt and Road" international energy hub and support the regional economic development of Zhanjiang. Taking the signing of this agreement as a new starting point, Zhanjiang Port Group will work with Fortune Oil to leverage their respective resource and channel advantages, strengthen multi-level strategic cooperation, expand the scope of customized integrated services, extend the business hinterland of Zhanjiang Port, jointly build a benchmark storage area for CNAF SSTC, link the petrochemical terminals of Zhanjiang Port to establish an "intelligent + multimodal transport" energy logistics hub, and create a new situation of mutual benefit and win-win success.
This strategic cooperation is a key initiative for both parties to actively respond to China's "Belt and Road" Initiative. It aims to enhance the resilience of the energy supply chain in South China, help Zhanjiang Port develop into a modern port with global competitiveness, and provide efficient, safe and sustainable energy logistics solutions for the Guangdong-Hong Kong-Macao Greater Bay Area and ASEAN markets.
According to the agreement, both parties will leverage Zhanjiang Port’s core infrastructure resources such as its 400,000-ton deep-water channel and public terminals, and combine their professional capabilities in logistics and warehousing to explore and advance a terminal-warehousing integrated cooperation mechanism. By connecting their respective storage tank farms at Zhanjiang Port, realizing the interconnection, intercommunication and mutual use of storage tanks, optimizing terminal operation fees and warehousing service fees, and providing customers with "one-stop preferential prices" and other measures, the two parties will achieve resource integration and complementary advantages, improve operational efficiency, reduce logistics costs, and make greater contributions to regional economic prosperity and national energy security.
In the future, both parties will further deepen their cooperation, through resource integration, technological innovation and green and low-carbon practices, build an integrated platform covering "oil, gas and chemical storage & transportation, bonded transshipment, and comprehensive services," and jointly open a new chapter for the "Belt and Road" international energy logistics hub.