Hengtong services the Middle East oil and gas market

During November 12-15, 2018, the Abu Dhabi International Petroleum Exposition (ADIPEC) opened at the Abu Dhabi National Exhibitions Centre (ADNEC). Abu Dhabi International Petroleum Exposition (ADIPEC), as the third largest oil exhibition in the world and the largest and most influential professional exhibition in the Middle East, showcases the latest products, technologies and services in the field of oil and gas, attracting more than 2,000 exhibitors.

In this world's top oil and gas industry event, Hengtong, in response to the needs of the Middle East market,demonstrated its transoceanic submarine communications solutions, submarine observation network solutions, EPC engineering package, offshore oil and gas power/communication transmission solutions, marine cable solutions,  marine engineering solutions, instrumentation cables and other new technologies. The appearance of products and new technologies has attracted a large number of customers from home and abroad to stop and communicate, which fully demonstrates the comprehensive strength of Chinese enterprises.

According to statistics, Abu Dhabi, which has the fifth largest oil reserves in the world, will have 57.3% of the global crude oil market share in OPEC of the Organization of Petroleum Exporting Countries by 2020. Middle East countries spend billions of dollars a year on oil exploration, production, refining, equipment maintenance and new oil and gas projects; Middle East oil-producing countries such as the United Arab Emirates need to invest 950 billion dollars in the next few years to maintain and expand oil production; Abu Dhabi National Petroleum Corporation will continue to increase investment in the oil field. It will increase the capacity of Nissan crude oil from 2 million 300 thousand barrels to 3 million barrels.

The Middle East is the core economic corridor of the "one belt and one road" construction, and is also an important partner in building "one belt and one road" with China. With the help of Abu Dhabi International Petroleum Expo, Hengtong brings the advanced technology to the Middle East, transmits the image of China's smart manufacturing, continuously expands sales channels, and expects to strengthen cooperation with many industry partners to help the economic development of the Middle East and achieve win-win .