2019 China IPPE Exhibition Opens in Karamay

On October 15, 2019 China (Karamay) international oil and gas and Petrochemical Technology Equipment Exhibition (hereinafter referred to as "oil equipment exhibition") opened in Karamay, the "oil city" of Xinjiang. From 394 large-scale oil and related equipment enterprises at home and abroad, it focuses on displaying the latest technology and equipment manufacturing achievements in the oil and petrochemical industry, and seeks business opportunities for cooperation.

According to reports, the exhibition area of oil equipment reached 31000 square meters. Famous enterprises, purchasers, experts and scholars from 13 countries and regions participated in the exhibition, including 18 of the world's top 500 enterprises, 18 of China's top 500 enterprises, 28 listed enterprises, 21 foreign enterprises, 12 central enterprises and large state-owned enterprises.

Karamay, as an oil city, is an important petrochemical base in Western China. Since 2012, the oil equipment exhibition held here has gradually developed into an important platform for domestic and foreign oil equipment enterprises to show their strength, seek cooperation and master the industry's cutting-edge information. It is reported that this petroleum equipment exhibition is the fifth one held. On that day, participants reached a number of cooperation intentions in petroleum, chemical industry, investment, trade and other fields, with a total amount of 24.9 billion yuan.

Xinjiang new oil international petroleum equipment (Group) Co., Ltd. participated in the 5th petroleum equipment exhibition this year. Wei Xiaobing, deputy general manager of the company, told reporters that in recent years, Karamay is trying to "transform". "In the past, oil equipment was imported, and now 80% of local enterprises can meet their own oil equipment production needs." Wei Xiaobing said that the oil equipment exhibition has promoted the professional and technical exchanges and cooperation among enterprises, and has brought more opportunities and development along the "one belt and one road". "Through attending the exhibition last year, we had exchanges with relevant enterprises in Kazakhstan. At present, the two sides have signed a contract, and the enterprise will build a 900 Mu oil equipment base in Kazakhstan. "

By virtue of the exhibition platform, Karamay Jinniu Xintai Petroleum Equipment Co., Ltd., a local enterprise, has made more domestic enterprises understand the products with independent intellectual property rights - multi way valve, and has established cooperative relations with Xinjiang Oilfield, Qinghai Oilfield, Shengli Oilfield, etc. "Our multi way valve has many patents, which solves the problem of internal leakage and inaccurate positioning of traditional multi way valve. It has the characteristics of reliable sealing, accurate positioning, long service life and simple operation." Wanxin, general manager of the company.

Today, companies rely on this leading product to open up the Middle East oil market. "At present, we have signed a cooperation project with Oman Oil Development Company to provide them with more than 100 multi way valves, and we plan to layout the West Asian countries in the future."

Zhao Qing, vice chairman of the people's Government of Xinjiang Uygur Autonomous Region, said that petroleum and petrochemical industry is the traditional dominant industry and pillar industry in Xinjiang, and has a significant impact on regional economy. The holding of oil equipment exhibition is conducive to promoting the exploration and development of rich oil resources in Xinjiang and surrounding areas, promoting the rapid development of Xinjiang's oil, gas and petrochemical technology equipment industry, and bringing business opportunities for energy enterprises around the world.

China International Oil and gas and petrochemical technology and equipment exhibition was co sponsored by China Council for the promotion of international trade, CNPC, Sinopec, CNOOC and the people's Government of Xinjiang Uygur Autonomous Region in 2012, and changed to once every single year after 2013.