[CNCEC signed a strategic agreement with Sonangol in Angola]On June 6, 2023, CNCEC General Manager Wen Gang held talks with Diamantino Azevedo, Minister of Mineral Resources, Petroleum and Natural Gas of Angola, at the group headquarters. The two sides had in-depth exchanges on promoting practical cooperation on key projects, and jointly witnessed the signing of a strategic cooperation agreement and a memorandum of project cooperation between CNCEC and Angolan National Oil Company. The two sides will build the Lobito Refinery in Benguela and strengthen in-depth cooperation in petrochemical, natural gas and chemical industries. Editor/Xue Ma
Recently, the Tianfa Energy Storage and Green Energy High end Equipment Manufacturing Base project started construction in Tianjin Future Science and Technology City, with a total land area of about 14700 square meters. It focuses on the manufacturing of hydro generator sets and supporting core components, covering high-end equipment fields such as pumped storage units, wind power, and solar energy. After the project reaches its production capacity, the annual output value is expected to exceed 300 million yuan, and the annual tax revenue will exceed 8 million yuan. It is planned to be put into operation within one year, which will fill the gap in high-end equipment manufacturing in Ninghe District. Editor/Cheng Liting
As of the end of April 2026, Inner Mongolia plans to implement 3668 major projects with a total investment of 3.7 trillion yuan and an annual planned investment of 1079.5 billion yuan. At present, 3200 units have resumed work, with a resumption rate of 87%. The completed investment is 245.2 billion yuan, with a completion rate of 23%. In the first quarter, the GDP of the entire region increased by 6.2% year-on-year, ranking among the top in the country in terms of growth rate. Major project investments are becoming the core engine of economic growth. Editor/Cheng Liting