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"Since the oilfield resumed production on Feb. 11, we have been working around the clock to speed up oil production to mitigate the effects caused by the epidemic," said Zhang Jing, head of the drilling team.

"The COVID-19 epidemic has brought us new challenges, but we are confident in the Chinese market in the long term and will continue to invest here," Sun said.

Discovered in 1959, the oilfield has produced about 2.4 billion tonnes of crude oil over the past 60 years. Its overseas business projects have covered 26 countries and regions, with overseas market revenue exceeding 10 billion yuan (around 1.4 billion U.S. dollars) and overseas equity output exceeding 9 million tonnes.

The meeting stressed reforms of institutional mechanisms to boost scientific and technological innovation capacity as well as the capacity to cope with emergencies.

The two countries should strengthen high-level exchanges and strategic communication, make full use of each other's complementary advantages, and promote comprehensive mutually beneficial cooperation, so as to contribute to each other's development and revitalization, Wang added.