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Zhao Zhiming, secretary general of the China Petroleum and Chemical Equipment Industry Association, said that the growth of oil equipment manufacturing exports benefited from the rise in international oil prices. It is expected that the oil equipment manufacturing industry will have a growth period of at least two years, and private companies will benefit from this round of growth.
From January to July 2006, the export of petroleum equipment manufacturing industry presented three major characteristics: (1) General trade and foreign contracted projects were the main export methods. From January to July 2006, the export value of equipment for the two trade modes reached 260 million U.S. dollars and 230 million U.S. dollars, respectively, which increased by 1.4 times and 9.89 times, respectively, accounting for 44.7% and 40% of the total exports during the same period. (2) Increased number of parts exports. Among them, drilling machines with a drilling depth of more than 6,000 meters topped the list. From January to July 2006, 212 drilling machines with a drilling depth of more than 6,000 meters were exported to China, worth US$90 million, accounting for 32.3% of the total export volume, compared to the same period in 2005. Increased by 8%. (3) The export market has expanded rapidly. From January to July 2006, the number of countries that exported petroleum equipment from China increased from 67 in the same period in 2005 to 84, including 200 million U.S. dollars in exports to the United States, a surge of 5.4 times.
From January to July 2006, China’s oil equipment export enterprises increased from 178 in 2005 to 268. Among them, state-owned enterprises continued to maintain their dominant position, exporting 390 million U.S. dollars, accounting for 66.6% of all petroleum equipment exports, an increase of 88.2% over the same period of 2005; private enterprises exporting 110 million U.S. dollars, a surge of 8.4 times, accounting for the proportion of total exports by 2005. The year-on-year increase of 4.7% to 18.5% exceeded the number of foreign-invested companies as the second largest force. Zhao Zhiming pointed out that in the oil industry chain, the manufacturing sector has become the most promising investment area for SMEs. In 2005, the wellhead equipment of Jiangsu enterprises and the instruments and equipment of Shanghai enterprises all had a certain degree of competitiveness, and due to the rapid transformation of SMEs, it is expected that there will be room for market share expansion.
According to statistical data provided by the China Petroleum and Petrochemical Equipment Industry Association, from January to July 2006, the total profit of China's oil industry showed a steady upward trend in a ladder-like manner, and the entire industry has developed into a benign development situation, which has promoted the development of petroleum equipment enterprises. It is expected that crude oil prices will continue to operate at high levels in the next two years. This high price has promoted the development of oil exploration and development in the world, and its stimulating effect on the demand for petrochemical equipment in the world is also gradually increasing. As long as the crude oil price is higher than 50 US dollars/barrel, the oil producing countries have the incentive to increase production, and the oil equipment market will also develop steadily.
China's petroleum equipment manufacturing industry has developed steadily
Recently, statistics released by the General Administration of Customs show that from January to July 2006, the export value of China's oil and gas drilling rigs and their parts increased by 1.4 times from the same period of 2005 to 580 million U.S. dollars.