On September 16th, Li Shiguang, President of ZPEC Group, met with Ala Abdul Hussein Salman, Chairman of the Basra Investment Commission, in Basra, Iraq. The two sides held in-depth discussions on topics, including deepening cooperation in energy equipment manufacturing and advancing the construction of the Babylon Petroleum Equipment Company base in Iraq.

Li Shiguang briefed Mr. Ala in detail on ZPEC’s business portfolio, strategic plans, and the substantial achievements it has made over 15 years of operating in the Iraqi market. He noted that Basra Province is the heart of Iraq’s oil industry and a key base for the Company’s operations in the country. Leveraging its integrated strengths in drilling and completion services and petroleum equipment manufacturing, ZPEC has built strong mutual trust with local partners. Going forward, ZPEC will continue to increase investment in Iraq, advance the establishment of the Babylon Petroleum Equipment Company base in Basra, cultivate local senior technical talent, and provide more efficient and convenient localized service support for Iraqi oilfield development, while closely aligning China’s manufacturing strengths with Iraq’s development needs.

Mr. Ala spoke highly of ZPEC’s achievements in Iraq. He said that the Basra Investment Commission will fully support ZPEC’s local investment and development plans, actively provide support and policy guarantees for the Babylon Petroleum Equipment Company base, and look forward to deeper cooperation between the two sides in energy equipment manufacturing, technical talent training, and other fields. Basra Province welcomes more strong and responsible international companies like ZPEC to invest and do business there.

Li Jing, Vice General Manager of the ZPEC Equipment Group and General Manager of Babylon Petroleum Equipment Company, and Mustafa, Secretary-General of the Basra Investment Commission, attended the meeting.

(By ZPEC Group Headquarters /Qu Qilei)