This year, China National Petroleum Corporation (CNPC) Jinan Power Company has achieved remarkable results in expanding its overseas market, aligning with its target of becoming a billion-dollar enterprise. Relying on the Belt and Road Initiative, the company has achieved a year-on-year increase of over 160 percent in signed contracts and over 60 percent year-on-year growth in operating revenue.

For example, in West Africa, the company provided high-quality and efficient power equipment and operational solutions for the second phase of the Niger oilfield power station project. To ensure the on-time acceptance of five 3500 kW 260 series gas generating units, the company overcame challenges such as high temperatures and sandstorms to install equipment like the generating units, greatly facilitating the successful application of the first set of equipment on-site.

By emphasizing scientific and technological self-reliance, CNPC Jinan Power Company has bolstered efforts to create domestic large power equipment which meets world-class level to compete in international markets. For example, the company targeted customers' needs in the Republic of the Congo and guided locals to use large-scale gas generator sets. As a result, the company signed an order of 25 sets of 2 megawatts natural gas generator sets, with a cumulative contract value exceeding 100 million yuan ($13.83 million).

The company is also beefing up efforts to expand markets in the Asia-Pacific region and Europe.

The company has achieved orders worth 900 million yuan in the Eastern European market. The company has inked contracts worth 140 million yuan in the African market. Statistics showed that in the first five months of this year, the company had signed contracts amounting to 240 million yuan, achieving a revenue of 104 million yuan.