Contact Details

Phone: 010-85871616

Fax: 010-85871617

Email: cieg@cieg.com.cn

Website: www.cieg.com.cn

Address: Floor A, B11, China National Energy Tianrun Wealth Center, No. 58, Dongzongbu Hutong, Dongcheng District, Beijing

About Leadership

location:Home >> Group Profile >> About Leadership

China International Energy Sources Group Co., Ltd. (CIEG), as a large-scale industrial group, has strong shareholder background and strong capital strength. CIEG owns dozens of joint ventures and is also the controlling shareholder for many enterprises, whose scope of business involves the investment in the traditional energy fields such as oil, natural gas, new energy fields such as wind power generation, methanol gasoline, photovoltaic power generation, energy performance contracting, green electromechanical management, and science and technology industrial park, energy trading center, Internet finance, IT integrated services, marine bunkering, power cloud, as well as cross-border merger and acquisition, the investment bank,infrastructure development, eco-governance, land consolidation and intelligent city, etc.

 

This year (2019) marks the 70th anniversary of the founding of the People's Republic of China. It is a crucial year for securing a decisive victory in the first centenary goal of completing the building of a moderately prosperous society in all respects. Under the strong leadership of the CPC central committee with general secretary Xi Jinping at the core, and under the guidance of the General Secretary Xi Jinping's thought on socialism with Chinese characteristics for a new era, CIEG has successfully completed its goals and tasks for the year. By the end of 2019, with the joint efforts of 67,000 employees and 490 senior management teams, CIEG has realized total assets (including joint venture and holding company) of RMB 963 billion, sales revenue (including joint venture and holding company) of RMB 792.1 billion, and profits and taxes (including joint venture and holding company) of RMB 30.2 billion.

 

In the field of traditional energy, we have made steady progress. Currently, we have 2.9 billion tons of oil overriding royalty interest, and our joint venture produce 25 million tons of oil in 2019. We have a joint venture with CNPC to develop Huttouya oilfield in Qinghai province, with 500 million tons of overriding royalty interest. We are working with world-class energy companies to develop integrated coal and power projects. Our cooperative company produces 100 million tons of coal and has domestic reserves of about 50 billion tons.

 

In the field of new energy, we strive for excellence. In 2019, CIEG has been selected into the global top 500 new energy enterprises for six consecutive years and ranked 32nd in the list. "Energy performance contracting" project provides customers with green integration solutions; "Deep recovery and utilization of waste heat in power plants and dust emission reduction" project helps coal power plants to reduce dust emission by 90%; "Green electromechanical management technology" can effectively reduce the comprehensive energy consumption of buildings by 50%. "Shanghai tower", "Alibaba headquarters building", "Tencent building", "Sina headquarters building in Beijing", "Heilan Home e-commerce headquarters" are all successful examples of our company. "Photovoltaic power station" project not only provides high-quality and low-cost photovoltaic products, but also provides customers with carefree operation and maintenance throughout the whole process. It is estimated that in the next 10 years, a total of 25 g-watt power stations will be planned and constructed in Xinjiang, Ningxia, Inner Mongolia, Hebei and Zhejiang Province, with a total investment of RMB 200 billion. As well, the technology  of "Methanol gasoline" is leading in China. CIEG collaborate closely with Chinese academy of sciences holding co., ltd.to integrate the global methanol industry chain. The proven technology of "LNG supply" is in line with the national "coal to gas" process, our natural gas supply had accounted for 20% of the whole province of Zhejiang in 2018.

 

In the field of electric power trading, we forge ahead to achieve a breakthrough up from zero. Electric power reform is an important part of national supply-side reform in energy and plays a vital role in realizing the sustainable development of China's economy. Power trading center is a key exploratory structure in electricity system reform and an important step of power marketization in energy supply-side reform. With the approval of relevant state authorities, we have successfully obtained the first electricity-trading license, paving the way for the comprehensive development of the future energy trading center.

 

Science and technology constitute a primary productive force, and innovation is the primary driving force for development. We follow the "all-round economic, political, cultural, social, and ecological progress", adhere to the implementation of the balanced concept of "production, ecology, life", and actively respond to the call of "mass entrepreneurship and innovation", to build the science and technology industrial park nationwide with our partners. The science and technology industrial park fully takes advantages of our new energy technology, using cutting-edge science and technology to change the energy supply structure, to build an energy-saving and low-carbon science and technology innovation demonstration zone, so that can effectively balance the relationship between economic interests and ecological protection. In 2019, CIEG has added a total construction area of 70 million square meters in nationwide science and technology industrial park. It is estimated that by 2025, CIEG is going to invest in science and technology industrial park amount to 500 million square meters, and the aggregate investment will reach 600 billion RMB. When the park is fully into operational, the annual economic output of its companies in the park will reach 6 hundred billion RMB, equivalent to the annual economic output of the world's seventh-largest economy.

                   

As a strategic cooperative investment platform established by CIEG and its joint venture after the reorganization in 2016, CIEGLH has increased its capital to 10.76 billion RMB in 2019, and has become the largest shareholder of China Chengtong Ecology co., LTD., holding 32.35% of the shares. China Chengtong Ecology co., LTD. is the 4th batch of pilot enterprises in the reform of mixed ownership of state-owned enterprises, approved by the state council leading group, and a professional platform company to marketization for state-owned capital as well. The business covers the management of water pollution, air pollution, engineering prospecting, urban landscaping services, infrastructure construction, urban ecological construction, etc. In 2019, the contract value in land consolidation and urban renovation of CIEGLH reach 400 billion to 500 billion RMB.

                   

We insist on "equity diversification and shareholder specialization". In order to maximize the interests of shareholders, we are going to strive to develop multi-ownership economy, improve the capital cooperation mechanism, optimize the allocation of resources, and cooperate with the world's top 500 leading enterprises.

                   

"Build oneself up to benefit others" is our mind as a beginner. We believe that energy is not only a pursuit of economic efficiency, but also a sustainable solution to the problem of human survival and development. We will continue to gather the wisdom and strength of the "good", transforming the new energy landscape and provide new solutions for ensuring world energy security.

 

"What's past, is prologue". In the face of the promising year of 2020, we will firmly keep pace with the times and remember the scientific thesis of "lucid waters and lush mountains are invaluable assets" from General Secretary Xi Jinping, then constantly encourage ourselves to increase the investment in scientific and technological innovation and accelerate the development of low-carbon research and the achievements transformation.

All colleagues and partners of CIEG will contribute their strength and wisdom to promoting ecological civilization construction, leading low-carbon lifestyle and building a green life system.