Sultan Ahmad Bin Sulayem has said that CNPC’s move reinforces the company’s presence in Middle East markets and consolidates Jafza’s position as a regional hub for the oil and gas sector and Zhu Junfeng comment, New headquarters brings together 16 organisations in CNPC Group under one roof
Jebel Ali Free Zone (Jafza) and the China National Petroleum Corporation (CNPC), the largest integrated energy company in China, have signed an agreement to establish CNPC’s regional headquarters in Jafza to serve its customers in the Middle East.
The agreement was signed between Mohammed Al Muallem, CEO of Jafza and Zhu Junfeng, CEO of CNPC Middle East. The new headquarters covers 55,000 sqm and includes a 10,000 sqm multi-storey office and warehouse facility for storage, maintenance and repair of oil and gas equipment.
Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World and Chairman of Ports, Customs and Free Zone Corporation, said: “CNPC’s headquarters in the UAE reinforces its presence as a key player in the region’s energy sector. Jafza is working in line with the directives of our leadership to provide an attractive business environment for foreign companies and to diversify Dubai’s economy. We will support CNPC in their ambitious growth plans by providing favourable business processes, services and facilities that compare with international standards.”
Zhu Junfeng, CEO of CNPC Middle East, said: “This regional headquarters brings together all of our 16 listed companies in Jafza under one roof to help us better serve our customers. It will also support our expansion plans in the UAE and the Middle East following our acquisition of an 8 per cent stake in the Abu Dhabi Company for Onshore Oil Operations (ADCO) for US$1.8 billion. We will now be able to provide operational support throughout the Middle East with room to grow our portfolio while increasing demand for our services. CNPC is one of the world’s leading energy companies and has become a trademark of innovation and excellence thanks to our knowledge of regional markets and the growth of our operations.”
