2017

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Russia International Financial Cooperation Forum for Oil & Gas Industry Successfully Held in Moscow

News Time:2017.01.19       Traffic:

The Russia International Financial Cooperation Forum for Oil & Gas Industry, hosted by Kerui Petroleum, convened in Moscow on November 23, 2016, aiming to build a communication platform for Russian oil & gas developers, service providers and equipment suppliers to share resources and accelerate the sustainable development of the oil & gas industry in Russia as well as the pan-Slavism region. The Forum gathered executives from five financial institutions, namely China Export & Credit Insurance Corporation (SINOSURE), China Development Bank, Bank of China, Industrial and Commercial Bank of China, and China Construction Bank, as well as more than 100 representatives from 39 Russian customers including Rosneft and Gazprom.

The five financial institutions shared their insights on topics such as how to conduct oil & gas financial business and how to offer comprehensive financial solutions. A foreign engineer of Kerui introduced to the participants Kerui’s new drilling & production equipment, EPC project service and oil & gas field stimulation solutions, and elaborated on Kerui’s new business module such as Personnel Training, Global Equipment Leasing Platform(Regi International Group Co., Ltd)and Cross-Border Industrial Goods E-Commence Platform (Erui International Commerce Co., Ltd). After the meeting, Kerui and the financial institutions conducted business talks with the Russian customers separately and reached a dozen of cooperation agreements.

“With the ‘New Normal’ of the oil & gas industry, cost reduction and efficiency improvement as well as project investment and financing have become the priorities for global oil & gas companies,” said Huang Yonghong, Vice Chairman of Kerui Petroleum, at the Forum. “Kerui Petroleum has been seeking solutions to better address the needs of the customers and help them succeed. Under the guidance of the China’s “One Belt, One Road” initiative and “Going Out” policy, Kerui intended to gather the industry players to discuss mutual-beneficial cooperation models in the new global situation.”

Kerui Petroleum has organized several industry conferences before. Earlier in July, it partnered with the Export-Import Bank of China to hold China (Shandong) International Financial Cooperation Talks for Oil & Gas Industry in Dongying of China’s Shandong Province, which gathered 300 people from over 90 companies across 28 countries. As an extended version of the July event, this Moscow Forum demonstrated Kerui’s competence in providing its global customers with supply chain financing solutions.