High oil prices stimulate demand for petrochemical equipment by 35%

“Since March, the world’s oil prices hit a record high of US$111.8/barrel. This trend of rising oil prices is a major factor in boosting the demand for oil and petrochemical equipment. From this, it is assumed that the industry as a whole will remain The higher growth rate will increase by more than 35%, and the export of products will continue to grow.” Zhao Zhiming, executive vice president of China Petroleum and Petrochemical Equipment Industry Association, said on April 7th “China's petroleum and petrochemical industry equipment and energy reduction "Peak Summit Forum" is to judge the development prospects of the industry.
High oil prices stimulate demand for drilling equipment
According to statistics, from January to December 2007, the number of enterprises above designated size in the industry rose to 1,201, an increase of 182 over the same period of last year. Among them, there are 476 oil drilling equipment industries, an increase of 26.6% over the same period of last year, 350 oil refining and chemical equipment industries, an increase of 14% over the same period of last year, and 375 pressure vessel manufacturing industries, an increase of 11.61% over the same period of last year. "From the perspective of the increase in the number of enterprises, high oil prices have brought great investment enthusiasm for the oil drilling industry."
From the perspective of economic performance, from January to December, the total industrial output value of the industry reached 109.57 billion yuan, an increase of 43.46% over the same period of last year. The oil drilling equipment industry was 57.642 billion yuan, an increase of 49.67%; the refining and chemical equipment industry was 27.323 billion yuan, an increase of 40.4%; the pressure vessel manufacturing industry was 24.608 billion yuan, a year-on-year increase of 27.19%. The sales income was 105.871 billion yuan, an increase of 42.87% over the same period of last year.
Zhao Zhiming said, “According to the above statistical data, the industry as a whole continues to maintain a relatively high growth rate, in which the oil drilling equipment industry is still developing at a significantly higher rate than the other two industries, and the pressure vessel industry’s development speed has accelerated significantly. ."
Drilling and production equipment export delivery value accounts for 70% of the industry
He pointed out: "This growth not only shows a significant increase in domestic and foreign oil and petrochemical equipment market demand, but also shows that in recent years the implementation of the 'go global' strategy has seen initial success in expanding overseas markets."
According to customs statistics, from January to December 2007, the total import and export volume of the entire industry reached 6.798 billion U.S. dollars. Among them, exports were US$5.617 billion, an increase of 49.49% over the same period of the previous year; the import/export surplus was US$4.436 billion and the import/export ratio was 1:4.76.
According to statistics from the National Bureau of Statistics, from January to December last year, the export value of the entire industry was 13.78 billion yuan, an increase of 29.56% over the same period of last year. The oil drilling equipment industry was 9.727 billion yuan, a year-on-year increase of 25.92%. The refining and chemical equipment industry was 1.185 billion yuan, an increase of 33.55% over the same period of last year. The pressure vessel manufacturing industry was 2.869 billion yuan, a year-on-year increase of 41.73%. The export delivery value of the oil drilling equipment industry also accounts for more than 70% of the whole industry, but the growth rate is obviously lower than the growth rate of new products in the oil refining chemical equipment industry and pressure vessel manufacturing industry.
From the distribution of export equipment, the number of export oil drilling rigs (including fixed and mobile) was 1,532, with an export value of 764 million U.S. dollars, an increase of 15.87 percent year-on-year; exports of petroleum drilling rig parts were 138,000 tons, and the export value was 0.8 billion U.S. dollars, an increase of 26.63 percent over the same period of last year. %. Among them, 60 drilling rigs with a depth of over 6,000 meters were drilled. There were 165 crude oil and finished product tankers (of which more than 300,000 tons had 5), which doubled the number of the same period of last year, and the export value was 2.987 billion U.S. dollars, an increase of 75.5% year-on-year. The number of submersible submersible pumps for export was 339 million U.S. dollars, an increase of 47.82% year-on-year. The number of special vehicles exported to the oil fields was 139, an increase of 69.51% year-on-year, and the export value was 28.6 million U.S. dollars, an increase of 57.22% year-on-year. The export tower was US$ 32.07 million, an increase of 532.4% year-on-year, and the export hydrogenation reactor was US$ 3.92 million, an increase of 4 times year-on-year. Exports of floating or submersible drilling or production platforms amounted to USD 173 million, an increase of 164.5% over the same period last year. Exports of self-promoted oil extraction machinery amounted to US$133 million, a decrease of 22% year-on-year.
Increase the export intensity of high value-added products
It is not difficult to see from the above statistics that although the industry’s exports far exceed imports, and the oil drilling equipment industry’s export situation is better than the oil refining and chemical equipment industry, Zhao Zhiming reminds export enterprises to adjust the export structure of products in accordance with market demand in a timely manner. .
He pointed out that China has adopted the introduction of technology, technology and trade integration, and Sino-foreign joint ventures in the field of oil drilling equipment manufacturing. After years of digestion and absorption, it has basically mastered the international advanced oil drilling equipment manufacturing technology, and can export 6,000 meters in complete sets. The above-mentioned variable-frequency drive oil drilling rigs and polar vehicle-mounted drilling rigs adapted to polar temperatures of minus 60°C have also begun to extend to countries such as the United States, Canada, and Russia that are economically developed and mature in petroleum technology; in the field of refinery and chemical equipment manufacturing, Do not master the process technology of many petrochemical plants. Therefore, the key process equipment and patented equipment in petrochemical processes have long been dependent on imports for a long period of time. The technological content of export equipment is relatively low; the export volume of pressure vessels and fittings and pipe fittings equipment is higher than that of petroleum. There are many chemical equipments, but the export is mainly low value-added products such as pipe fittings and pipe fittings, while the export of pressure vessels with slight technical content is less.
Zhao Zhiming said: “It is worth mentioning that in recent years, China has made great progress in the export of offshore oil equipment. Exports of various types of crude oil, refined oil tankers and offshore oil drilling, and production equipment have exceeded US$2 billion. Compared with foreign countries, China's technological gap in petroleum and petrochemical equipment is shrinking year by year, and the market is becoming more and more competitive."

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