Since "1" and "Thirteenth Five-Year Plan", China Petroleum has vigorously promoted all-round innovation with scientific and technological innovation as the core, introduced incentives for the transformation of scientific and technological achievements and the creation of first-line innovation achievements, and built a four-level innovation work system based on the national skills master studio and leading organizational skills.

2. China Petroleum Science and Technology Innovation Fund is a fund jointly established by many important enterprises such as China Petrochemical Group, aiming at breaking through the bottleneck of petroleum science and technology and promoting the high-quality development of China petroleum industry. The establishment of the Petroleum Innovation Fund aims at supporting petroleum technological innovation, focusing on supporting key areas such as crude oil exploration and development, storage and transportation, processing equipment and petrochemical industry, and promoting the upgrading of petroleum science and technology in China.