On May 12th, Zhang Guocheng, General Manager of China Petroleum Technology Development Corporation (CPTDC), led a delegation to ZPEC Shanghai headquarters for discussions and exchanges. The two sides held in-depth conversations on topics including corporate development strategies, overseas project construction, equipment and material supply assurance, and technological collaborative innovation, ultimately reaching a consensus on cooperation.

The meeting was attended by Wang Nan, General Manager of CPTDC Equipment Division, Bao Wentao, General Manager of CPTDC Central Asia & Russia Branch, Li Hongfei, Chief Overseas Representative for Central Asia Region, and Bo Qiliang, ZPEC Executive President, Li Xizeng, Vice President, and Li Fangming, Deputy General Manager of the Oilfield Division.

During the meeting, Zhang Guocheng introduced CPTDC’s recent developments. He stated that the company had established three core business lines: equipment, petrochemicals, and industrial civil products. With nearly 40 years of experience in ensuring supply for overseas projects, CPTDC boasted outstanding strengths in logistics, customs clearance, risk prevention, and commercial operations. The company owned advanced technologies including multi-thermal fluid heavy oil recovery and integration of new energy with conventional equipment. In addition, CPTDC had set up a localized maintenance and repair plant in Kazakhstan to effectively meet overseas project requirements for equipment manufacturing, repair and maintenance, and local content policies. He also expressed his commitment to provide full support for ZPEC’s overseas development strategy and would give full play to its full-chain service capability to achieve resource complementary and synergistic advantages.

Bo Qiliang also gave a detailed overview of ZPEC’s four core business layouts including oil and gas exploration and development, engineering technical services, equipment manufacturing, and oil and gas trade. He highlighted progress in exploration, development, and production capacity construction of key overseas oil and gas projects in Kazakhstan, Iraq, and Algeria. He stated that ZPEC was currently at a critical phase of transformation and high-quality development. Multiple overseas projects advanced concurrently, which steadily drove the growing demand for equipment, materials, and comprehensive services. He emphasized that the company would fully leverage CPTDC’s overseas resources, professional technologies, and mature supply chain strengths to accelerate the construction progress of overseas projects and steadily improve development quality.

(ZPEC Group/Text by Li Haotian, Photo by Hu Yuqin)