[BP and Zhejiang Energy Group's Natural Gas Market in China] On May 31, 2023, BP officially signed a joint venture contract with Zhejiang Energy Group's natural gas group and its holding companies to jointly establish a liquefied natural gas trading company to sell LNG through tank truck transportation. This is the first collaboration between BP and Zhejiang Energy Natural Gas. This joint venture is BP's third tank truck LNG trading and sales company in China, with the other two being Shenzhen Dapeng Liquefied Natural Gas Sales Co., Ltd. and Xinying Energy Trading Co., Ltd. Editor/Ma Xue

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• 2026.02.05 10:14
• [Implementation of the new policy for localizing Tanzania's mining industry]
• In 2026, Tanzania's new mining policy officially came into effect, requiring that 20 key mining materials must be provided by local enterprises. The authorities have launched the construction of 21 manufacturing factories at the abandoned Buz Waji gold mine site, gradually replacing imports. This measure forces international suppliers to change their original pure export model, and Chinese enterprises need to turn to local production and supply through technology joint ventures and other means to cope with supply chain restructuring.Editor/Gao Xue

• 2026.02.05 10:12
• [The above ground engineering of high-end chemical projects will start construction]
• In 2026, Tianjin Xinhecheng High end Chemical New Materials Project made key progress. The project is located in Nangang Industrial Zone, with a total investment of about 10 billion yuan, and will construct a full industry chain production line for adiponitrile, hexamethylenediamine, and nylon 66. At present, the first phase of the project's above ground engineering has obtained construction permits and is ready for full commencement. It is expected to be completed and put into operation in 2027, and the products will be widely used in fields such as automobiles and new energy.Editor/Gao Xue