Six oil and gas industrial investment deals worth 28.1 billion yuan are agreed upon in China (Zhejiang) Free Trade Pilot Zone via an online conference on June 9. [Photo/WeChat account: china-zjftz] 

Six oil and gas industrial investment deals worth 28.1 billion yuan ($4.07 billion) were agreed upon in China (Zhejiang) Free Trade Pilot Zone via an online conference on June 9.

The signing ceremony is part of the 22nd China Zhejiang Investment and Trade Symposium, which commenced in Ningbo on the same day.

Among the six investment projects, two are funded by foreign capital, with a combined value of 6.5 billion yuan.

The projects primarily focus on fields such as oil and gas storage and transportation, petrochemical operation and maintenance, and advanced manufacturing.

These projects will further consolidate the FTZ's industrial foundation, optimize its industrial structure and boost the quality of local economic growth, experts said.

Online conferences are being increasingly adopted by the local government to bring in investment amid the epidemic. Through online face-to-face communication, He Zhongwei, mayor of Zhoushan, along with officials from related departments, briefed investors on local oil and gas industry development and several national policies.