KERUI Petroleum & Gas, a company located in Dongying, East China's Shandong province, hosted an event that included an outlook conference, a new product launch, and a signing ceremony on Oct 16
It focused on enhancing project connections, technical exchanges, and business collaborations within the oil and gas equipment sector. Over 100 top oil and gas companies and service providers from more than 40 countries, along with 300 representatives from global clients and domestic suppliers, attended the conference.
KERUI introduced six new products during the launch, including a "one-click linkage" automated drilling rig system, an electric energy storage system, and a multifunctional natural gas lift and mixed transportation system. KERUI also unveiled the world's first steam boiler flue gas capture and injection equipment for oilfields and the nation's first intelligent process piping equipment.
Xu Jiaoli, chairman of the company, highlighted that the new products enhance operational efficiency while significantly reducing energy consumption and costs, driving the transition to low-carbon and intelligent high-end oil and gas equipment.
During the ceremony, KERUI signed 11 strategic cooperation agreements with three partners, including Rockwell, and eight clients, with a projected investment of more than $1 billion.
In recent years, Dongying district has focused on leveraging its advantages to provide better services and support for businesses.
Currently, the district is home to over 500 enterprises, accounting for approximately 70 percent of Shandong's industrial output and 30 percent of the nation's. It has also established trade relations with over 50 countries and regions, becoming a key export base for China's oil equipment products.
KERUI Petroleum & Gas Ltd Co in Dongying hosts an event to foster cooperation and launch new products on Oct 16. [Photo provided to chinadaily.com.cn]
