Belt and Road Forum to Give Further Support to Chinese Energy Enterprises

YANTAI, China, Aug. 29, 2016 /PRNewswire/ — Chinese energy enterprises need repositioning themselves for going out and conducting international cooperation on production capacity, Ian He, CEO of Jereh Group said Thursday at the International Energy Investment & Financing Cooperation Forum held in Yantai, China.

Further Support to Chinese Energy Enterprises from Governments and Financial and Institutions.

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The forum is organized by China Chamber of Commerce for Import and Export of Machinery and Electronic Products (CCCME) and Jereh Group. The ambassadors and counselors of embassy in China from more than 10 countries such as UAE, Egypt, Algeria and Ethiopia presented their support of more participation of Chinese private enterprises in local projects. And the management of SINOSURE introduced the financial policy support and challenges for energy investment cooperation.

According to the report by World Bank in June, 2016, the global economic recovery continues but remains weaker than desirable. And the Belt & Road will provide it with a much needed boost. There are many preferential policies to encourage international investment in the countries along the new Silk Road with different models. “They can help companies solve the financing bottlenecks and reduce business transaction costs of transnational business. For example, SINOSURE and Jereh Group have established a comprehensive strategic partnership to support their going out.” said Mr. Chang, the general manager assistant of SINOSURE Shandong Branch.

The Minister Counsellor of Ethiopia Embassy in China, Mr. Asaye Alemayehu, expressed on the speech that the Sino-Ethiopia friendship and win-win partnership will promote more cooperation on energy infrastructure, social infrastructure and manufacturing.

Along the new Silk Road, Jereh has established good presence in the African oil and gas market. It provides integrated solutions across the whole value chain, including drilling, gas treatment, compression, as well as power plant and infrastructure. “We also should have a clear mind that Chinese enterprises including Jereh, should do more when going out, including the ability to do long-term planning, the ability to control the risk and the ability to get identity recognition.” said Ian.

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