On April 7, the 8th China International Petroleum and Petrochemical Technology and Equipment Exhibition kicked off in Beijing, drawing attention from industry leaders, investors, and professionals around the world. This annual event has grown into one of Asia's largest oil and gas exhibitions and is now recognized as one of the five major global petroleum shows.
Over the past three years, rising international oil prices have significantly boosted demand for drilling and petrochemical equipment globally. This trend has led to a remarkable increase in the industrial output of China's oil drilling equipment manufacturing sector, with record highs achieved for three consecutive years. Additionally, the ongoing development of large-scale petrochemical, ethylene, and PTA projects across the country has further driven demand for refining and chemical equipment, as well as pressure vessel manufacturing.
According to data from the National Bureau of Statistics, in 2007, the total output value of the oil drilling and special equipment manufacturing industry reached 57.64 billion yuan, marking a year-on-year increase of 49.67%. New product output was 9.12 billion yuan, up 22.2%, while export delivery value rose by 25.9% to 9.73 billion yuan. Meanwhile, the refining and chemical equipment manufacturing industry saw a total output value of 27.32 billion yuan, an impressive 40.4% increase compared to the previous year. New product output reached 3.01 billion yuan, up 31.6%, and export delivery value climbed to 1.18 billion yuan, a 33.5% rise.
The exhibition featured participants from over 35 countries and regions, including 31 Fortune 500 companies. Exhibitors came from the U.S., Germany, France, Russia, the UK, Japan, and other nations, showcasing the latest technologies and advanced equipment in the oil and gas sector. The event also highlighted domestic innovations, with many Chinese companies presenting equipment that carries full intellectual property rights and cutting-edge technology.
Notably, the opening ceremony was attended by prominent figures, including Li Yongwu, leader of the China Petroleum and Chemical Industry Association, who cut the ribbon to officially launch the exhibition. The event not only served as a platform for business and networking but also reflected the growing influence and technological advancement of China’s energy sector on the global stage.
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