In the sixth issue of 2026, the journal “Qizhi” published a signed article by Hou Qijun, Secretary of the Party Leadership Group and Chairman of China Petrochemical Corporation. “Writing a New Chapter of Petrochemical Revitalization in the New Era on the New Journey of Second Entrepreneurship” The article systematically outlines Sinopec’s strategic plan to advance high-quality development through a second entrepreneurial drive, clearly defining six major strategies and focusing on six critical battles to be undertaken during the 15th Five-Year Plan period. It also systematically identifies the three major strategic priorities for boosting domestic oil and gas reserves and production: deep and ultra-deep formations, unconventional oil and gas, and offshore deepwater areas. We will vigorously advance the “China Shale Revolution” and accelerate the establishment of a tripartite energy structure comprising oil, natural gas, and new energy.

In his article, Hou Qijun pointed out that the Party Leadership Group of Sinopec has steadfastly adhered to a correct view of political achievements to steer its course, comprehensively embarking on a new journey of high-quality development through a second entrepreneurial drive. Looking ahead to the 15th Five-Year Plan period, Sinopec has formulated and implemented… Innovation-driven development, transformation and upgrading, resource security, market expansion, cost leadership, and open cooperation. Six major strategies. In the inaugural year, the focus is on delivering a strong start. Safety and environmental protection, energy security, marketing, quality improvement and efficiency enhancement, integration of science, industry, and innovation, and reform-driven empowerment. Six Major Tough Battles.

In terms of industrial layout, Sinopec is accelerating the development of a structure that… “One Base, Two Wings, Three Chains, Four New” A new industrial landscape—anchored by energy and resources, with refining and petrochemicals as its twin pillars, driven by three major sales segments—oil products, natural gas, and chemical products—and propelled by new energy, new materials, new business models, and emerging growth areas. The establishment of this framework marks Sinopec’s accelerated transformation from a traditional oil-and-gas company into a comprehensive energy‑and‑chemicals enterprise.

The article makes clear that Sinopec will vigorously promote the increase in domestic oil and gas reserves and production. Unswervingly advance into deep and ultra-deep formations, unconventional oil and gas resources, and the deep offshore waters. , fully advancing the “China Shale Revolution.”

Deep and ultra-deep In this regard, China’s deep and ultra-deep oil and gas resources account for more than one-third of the national total, yet their discovery rate remains low, making this sector the most promising area for future reserve growth and production expansion. Sinopec has already achieved a series of breakthroughs in fields such as the Shunbei Oilfield in the Tarim Basin and deep‑shale gas in the Sichuan Basin, and will continue to push exploration into even deeper formations going forward.

Unconventional oil and gas On the front, Sinopec has established a leading position in the shale gas sector, with the Fuling Shale Gas Field being China’s first large-scale shale gas field to enter commercial development. The article calls for fully advancing the “China Shale Revolution,” signaling that Sinopec will intensify its research and development efforts across a broader range of unconventional resources, including shale oil and tight gas, thereby positioning shale oil and gas as a key source to sustain and even replace crude oil production.

Deep-sea area In this regard, Sinopec has continued to intensify its exploration and development efforts in the Bohai Sea, the East China Sea, the South China Sea, and other offshore areas, with deepwater operations emerging as a key strategic frontier for securing its future oil and gas resources.

Regarding the “tripolar” structure, the article proposes accelerating the establishment of… Oil, gas, and new energy form a “three-legged tripod.” By adopting a strategic framework, Sinopec is enhancing its comprehensive capacity to safeguard national energy security under extreme circumstances. This means that, while consolidating its traditional oil and gas core business, the company is accelerating its expansion into the new‑energy sector, fostering a development model in which conventional and renewable energy sources complement and reinforce one another.

In his article, Hou Qijun emphasized the need to anchor efforts on achieving high-level scientific and technological self-reliance and strength, accelerate breakthroughs in critical bottleneck technologies, and cultivate leading enterprises that drive integrated innovation across science, technology, and industry, thereby turning technological innovation—the “key variable”—into the “largest driver” of a second wave of entrepreneurship. In terms of transforming and upgrading the refining and petrochemical sector, Sinopec will remain committed to the paths of intelligentization, green development, and integration, seizing strategic advantages in areas such as the development of high-end new materials and the establishment of a full hydrogen‑energy value chain, while enhancing the resilience and security of its industrial and supply chains.

On this occasion, Hou Qijun systematically outlined Sinopec’s strategic vision for its “second entrepreneurial journey,” marking an important strategic declaration by the company’s new Party Leadership Group in the inaugural year of the 14th Five-Year Plan. From the perspective of increasing oil and gas reserves and production, Deep and ultra-deep formations, unconventional oil and gas, deepwater areas The clarification of these three major strategic directions is grounded in practical logic: China’s mature oilfields in the eastern region have largely entered the late stage of high‑water‑cut development, with a pronounced decline in production; meanwhile, deep‑layer, unconventional, and offshore resources hold enormous potential, yet their exploration and development are more challenging and demand more stringent technological standards.

The Party Leadership Group of China Petrochemical Corporation has steadfastly upheld a correct view of political achievements to steer the course and galvanize resolve, comprehensively embarking on a new journey of high-quality development through a second entrepreneurial drive. Looking ahead to the 15th Five-Year Plan period, it has formulated and implemented six major strategies: innovation-driven development, transformation and upgrading, resource security, market expansion, cost leadership, and open cooperation. In the inaugural year, the company has focused on winning six critical battles—ensuring safety and environmental protection, securing energy supply, strengthening marketing, improving quality and efficiency, integrating science, industry, and finance, and empowering reform—while accelerating the establishment of a new industrial landscape characterized by “one foundation, two wings, three chains, and four new areas.” This framework is anchored in energy resources, with refining and petrochemicals as its twin pillars, driven by the three major sales segments of petroleum products, natural gas, and chemical products, and bolstered by new energy, new materials, new business models, and emerging growth tracks. Upholding its noble mission to rejuvenate the petrochemical sector in the new era, the company is committed to contributing the strength of the petrochemical industry to the great cause of national rejuvenation and the building of a modern socialist country.

01 Strengthen political loyalty by internalizing the “Two Upholds” in our hearts and translating them into concrete actions.

General Secretary Xi Jinping emphasized: “The decisive factor in establishing and practicing a correct view of official achievements lies in Party spirit.” At its core, the issue of one’s view of official achievements is a matter of stance and Party spirit—a touchstone for gauging political loyalty. The second phase of entrepreneurship represents a revolutionary reshaping that seeks to leap to the high end from an even higher starting point; it is a daunting task fraught with significant challenges. Therefore, we must firmly establish and earnestly practice a correct view of official achievements to ensure that this second entrepreneurial journey proceeds steadily and sustainably in the right direction.

We have continuously strengthened the Party’s ideological armament with its innovative theories, deeply studying and thoroughly grasping General Secretary Xi Jinping’s important expositions on fostering and practicing a correct view of official achievements. We have consistently aligned ourselves with the spirit of General Secretary Xi Jinping’s important instructions on the work of central enterprises and his inspections of the Shengli Oilfield and Jiujiang Petrochemical, taking firm support for the “two establishments” and resolute adherence to the “two safeguards” as our highest political principle and fundamental political discipline. We have implemented, without the slightest deviation, the spirit of General Secretary Xi Jinping’s important instructions and directives, as well as the major decisions and deployments of the CPC Central Committee. In particular, we have fully, accurately, and comprehensively applied the new development philosophy, advancing high-quality development in accordance with the “six‑have” criteria proposed by General Secretary Xi Jinping—“investments yield returns, products have markets, enterprises are profitable, employees receive incomes, the government collects taxes, and the environment improves.” We have decisively abandoned the obsession with scale and speed, firmly broken free from path dependence, and sought momentum from innovation-driven growth, green and low‑carbon development, and intensive, efficient operations, ensuring that the “two safeguards” are truly reflected in concrete results: alleviating the Party’s concerns, fulfilling our responsibilities to the country, and delivering tangible benefits to the people.

02 Aligning Development Direction: Demonstrating the Mission and Responsibility of a Central Enterprise in Serving National Strategies

During his inspection of the Shengli Oilfield, General Secretary Xi Jinping emphasized that “we must hold the bowl of energy security firmly in our own hands,” and at the Jiujiang Petrochemical Company, he called for building a world‑leading green and intelligent refining and chemical enterprise. These directives have charted a clear course forward. Whether one’s view of political achievements is sound or not hinges first on whether the direction of development is right. In embarking on this second phase of entrepreneurship, we must consciously align the company’s growth with the broader national goals of building a strong country and achieving national rejuvenation, steadfastly shouldering our three core responsibilities: ensuring national energy security, leading the high‑quality development of China’s petrochemical industry, and serving as a key pillar of the nation’s strategic scientific and technological capabilities. By doing so, we can better fulfill our “three roles” and serve as vanguards in these critical areas.

We are vigorously boosting domestic oil and gas reserves and production, steadfastly advancing into deep and ultra-deep formations, unconventional resources, and offshore areas, and fully driving the “China Shale Revolution.” We are accelerating the establishment of a three‑pillar structure—oil, gas, and new energy—to enhance our overall capacity to safeguard national energy security under extreme circumstances. Adhering to the principles of intelligentization, green development, and integration, we are seizing strategic advantages in areas such as the transformation and upgrading of the refining and petrochemical industries, the development of high‑end new materials, and the building of a complete hydrogen‑energy industrial chain, thereby strengthening the resilience and security of our industrial and supply chains. With a clear focus on achieving high‑level scientific and technological self‑reliance and strength, we remain committed to addressing the frontiers of global science and technology, serving the main battlefields of the economy, meeting major national needs, and protecting people’s health. We are proactively integrating into the new national system, expediting breakthroughs in critical bottleneck technologies, and accelerating the development of leading enterprises that drive innovation through the convergence of science, technology, and industry, ensuring that technological innovation—a key variable—becomes the greatest driver of our second entrepreneurial journey.

03 Leading with a sense of responsibility and taking concrete action to deliver solid, verifiable results.

General Secretary Xi Jinping has repeatedly emphasized the need to “consciously act in accordance with objective laws, refrain from pursuing short-term gains at all costs—engaging in superficiality, falsification, and reckless, blind actions—and put an end to the practices of new officials ignoring past commitments and to ‘vanity projects’ and ‘projects for political achievements.’” This profoundly underscores that the creation of tangible results must be grounded in objective realities and underpinned by a commitment to practical, down-to-earth work. The second entrepreneurial endeavor is a grueling, unprecedented new Long March; we must advance one step at a time and tackle each task with solid, steady effort.

We remain committed to operating in accordance with economic, technological, and market principles; we vigorously promote a culture of thorough investigation and research; and we steadfastly uphold a work style characterized by rigor, meticulousness, and pragmatism. We resolutely guard against practices that are out of touch with reality, involve frequent policy reversals, or impose escalating burdens at every level. For pressing priorities, we act promptly and decisively, moving swiftly to deliver results; for long-term tasks, we maintain historical patience and see each plan through to completion. We regard deepening reform as the indispensable path to achieving solid, high‑quality outcomes, waging a decisive battle to harness reform’s transformative power. We focus on dismantling institutional and systemic barriers that hinder high‑quality development, striving to make resource allocation more efficient, incentive mechanisms more targeted, and governance effectiveness further enhanced—thus opening up new prospects for development through fresh breakthroughs in reform. We leverage performance assessment as a guiding tool, refining an evaluation system that reflects a sound view of political achievements. Through rigorous assessments, we urge cadres to pursue practical, down-to-earth work, ensuring that all our efforts stand the test of practice, the people, and history.

04 Uniting and Mobilizing Momentum to Inject Strong Impetus into High-Quality Development Through a Second Entrepreneurial Endeavor

General Secretary Xi Jinping has pointed out incisively: “In economic and social development, we must cultivate a correct view of political achievements; likewise, in Party building, we must uphold this same principle—grounded in pragmatism.” Only by upholding and strengthening the Party’s overall leadership, fully leveraging the guiding and safeguarding role of Party building, and persistently addressing the deep-rooted problems of formalism and bureaucratism can we ensure that enterprises continue to advance in the right direction.

We have deepened the comprehensive and rigorous governance of the Party, strengthened education on Party spirit and on the proper view of political achievements for Party members and cadres, and guided them to properly balance public versus private interests, visible versus latent outcomes, short-term versus long-term considerations, and local versus overall priorities. We have made a sound view of political achievements an important criterion in selecting and appointing personnel, fostering a clear orientation that values pragmatism, tangible results, and a strong sense of responsibility, and using institutional mechanisms to ensure that cadres who are politically steadfast, deliver outstanding performance, and enjoy the trust of the people can stand out. We have remained committed to integrating Party building into the core business and leveraging it to drive development, translating the tangible outcomes of Party work into advances in production and operations, breakthroughs in technical challenges, and successful completion of urgent, difficult, dangerous, and critical tasks. We have upheld the principle of shared growth between employees and the enterprise, vigorously carried forward the petroleum spirit and promoted the traditions of the petrochemical industry, regarding the steady emergence of talented individuals, a highly competent workforce, and high morale as key measures of success. In this way, we enable every employee to showcase their talents and make meaningful contributions on the stage of our second entrepreneurial journey, rallying the entire organization—up and down—with a shared vision and a powerful resolve to overcome obstacles and achieve breakthroughs.