Good news| bad news BYD's new energy vehicle sales hit record highs; Libya closed its largest oil field

Good news: 1 collective and 1 individual of PetroChina was commended by the national "two reds and two excellents"

Recently, the Central Committee of the Communist Youth League commended a number of national May Fourth Red Flag League Committee (League branches), national outstanding Communist Youth League members, and national outstanding League cadres (referred to as the national "two reds and two excellents"). The League Branch directly under liaohe oilfield gas storage company won the title of national May Fourth Red Flag regiment branch, and Liu Yifei of the third oil production plant of Qinghai oilfield won the title of national outstanding communist youth league member.

Good news: 1 achievement of Sinopec Southwest Petroleum Bureau was selected as the "Science and Technology Innovation China" pilot technology list

On April 18, according to the Southwest Petroleum Bureau of Sinopec, this year's Southwest Petroleum Bureau's "Efficient Development Technology of Ultra-deep Biological Reef Bottom Water gas Reservoir (Yuanba Gas Reservoir)" was selected as the 2021 "Science and Technology Innovation China" Resource and Environment Leading Technology List of the Chinese Society of Science and Technology. Launched by the China Association for Science and Technology on the fourth "National Science and Technology Workers Day" on May 30, 2020, the "Science and Technology China" brand faces the actual needs of the mainland's social and economic development, focuses on the key links of in-depth integration of industry, education and research, selects key core technologies with industrial leading significance and broad application prospects, and deeply promotes the deep integration of science and technology and economy.

Good news: Goldwind plans to invest 18.8 billion yuan in projects such as the Wenzhou Offshore Wind Power Industry Base

On April 13, Xinjiang Goldwind Technology Co., Ltd. announced that the company has established a strategic partnership with the Wenzhou Municipal Government and signed the Strategic Cooperation Framework Agreement. The Company and the Wenzhou Oujiangkou Industrial Agglomeration Zone Management Committee signed the Project Investment Agreement on the landing of goldwind Wenzhou Yuanhai Offshore Wind Power Zero Carbon Headquarters Base and other projects in Oujiangkou, and signed the Project Investment Cooperation Agreement with the Wenzhou Dongtou District Government on matters related to building an internationally leading offshore offshore equipment manufacturing and service industry cluster. The above-mentioned agreement stipulates that the investment of the company and other enterprises totaling about 18.8 billion yuan.

News: New energy sales hit a record high! BYD issued a first-quarter performance forecast

On the evening of April 18, BYD released its first quarter 2022 performance forecast. According to the performance forecast for the period from January 1, 2022 to March 31, 2022, BYD's net profit attributable to shareholders of listed companies during the reporting period reached 650 million yuan to 950 million yuan, an increase of 174% to 300% year-on-year. BYD's basic earnings per share for the first quarter ranged from RMB0.22 to RMB0.33, an increase in year-on-year earnings of RMB0.08 per share compared to the same period last year. For the reasons for the change in performance, BYD explained that the new energy automobile industry in the first quarter of 2022 generally continued the momentum of rapid growth, and the sales volume of new energy vehicles of BYD Group hit a record high, driving a significant improvement in profitability, and to a certain extent hedging the profit pressure brought about by the rise in upstream raw material prices.

News: Ministry of Industry and Information Technology: Improve a new round of new energy vehicles to the countryside to start the public sector vehicle fully electrified city pilot

On April 19, Luo Junjie, spokesman of the Ministry of Industry and Information Technology and director of the Operation Monitoring and Coordination Bureau, said at a press conference of the State Council New Office on the 19th that it will promote the accelerated implementation of major projects and projects in the "14th Five-Year Plan" of the manufacturing industry, support a number of major technological transformation projects for energy conservation and carbon reduction, guide basic telecommunications enterprises to appropriately deploy 5G base station construction in advance, promote the formation of physical workload as soon as possible, and give full play to the role of investment in driving hedging. Improve a new round of new energy vehicles going to the countryside, start the pilot project of a fully electrified city for vehicles in the public domain, jointly carry out the fourth "Double Product Shopping Festival" activity with relevant departments, cultivate a number of information consumption demonstration cities and demonstration projects, accelerate the integration and application of 5G technology with vertical industries such as energy, education, and cultural tourism, and vigorously tap consumption potential.

The bad news: Libya has closed its largest oil field and lost more than 500,000 barrels of global oil production per day

International oil prices rose to their highest since the end of March on Monday (April 18) as Libya's largest oil field was forced to close due to protests, with U.S. oil and cloth oil up 2 percent at one point, and brent crude futures up 1.32 percent to $113.18 a barrel and WTI crude futures up 1.05 percent to $107.50 a barrel as of press time. Libya is a member of OPEC (Organization of the Petroleum Exporting Countries) and its largest oil field, Sharara, produces 300,000 barrels of oil per day. Protesters inside Libya gathered in the Sharara oil field to demand the resignation of prime minister Abdul Hamid Dbeibah. Previously, the El Feel field near Sharara was also shut down for the same reason, producing 65,000 barrels per day.

News: Putin and saudi crown prince negotiate oil cooperation

On April 16, Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman had a telephone conversation on the 16th. It was the second phone call between the two sides since Russia sent troops to Ukraine on February 24. The Kremlin said the two sides also discussed crises in Ukraine and Yemen. Saudi Arabia said in a brief statement that the crown prince "received" calls from Putin, but made no mention of "OPEC+" or energy cooperation. The Saudi statement said: "The two sides discussed ways to bring the two countries closer to the bilateral relationship and strengthen relations in different areas. Saudi Crown Prince Mohammed also "affirmed Saudi Arabia's support for efforts aimed at a political solution to the crisis in Ukraine and achieving security and stability." The United States has asked Saudi Arabia and other major Persian Gulf oil producers to increase production, but so far these countries have rejected this request.

News: Russia's membership in the OECD Nuclear Energy Agency has been suspended

Russia's membership in the OECD's Nuclear Energy Agency has been suspended after the OECD leadership has taken a decision, and the decision will take effect on May 11, following a decision by the leadership of the Organisation for Economic Co-operation and Development (OECD). A press release posted on the agency's website said: "Russia's membership in the OECD Nuclear Energy Agency was suspended on April 11 following a decision by the OECD Governing Body. Russia has been notified that the suspension will take effect on May 11. Russia was called a member of the Nuclear Energy Agency of the Organization for Economic Co-operation and Development in 2013.