Russia: Deeper collaboration in oil, gas strengthens
Representing one of the largest oil and gas vertical integrated companies in the world that accounts for over two percent of crude production and around one percent of proved hydrocarbon reserves globally, Lukoil Lubricants International is looking at building more business partnerships around the world and Chinese companies are one of their ideal partners to work with.
Lukoil Lubricants China Co., Ltd, a wholly-owned subsidiary of Lukoil Lubricants International Co., Ltd, held a grand company promotional meeting at the Russian Embassy in Beijing on December 4, during which it signed a letter of intent for cooperation with China’s TBEA Co., Ltd. and Xuzhou Construction Machinery Group (XCMG). More than 200 guests were present at the promotional conference, including the representatives from Chinese authorities and various industry associations, as well as leaders and principals of large industries and representatives of machinery and equipment manufacturing. At present, Lukoil Lubricants China has distribution outlets in more than 50 cities in China. Among them, the largest cooperators are Fuqing Nuclear Power Plant, Shanghai Anji Auto Parts Logistics Co., Ltd, and Tian Tian Express Co., Ltd.
Andrey Denisov, the Russian Ambassador to China, extended a warm welcome to the participants in his speech in which he pointed out that the automobile industry, shipbuilding, transportation, agriculture and machinery manufacturing industries are developing rapidly in China. “I believe that demand for Lukoil Lubricants International’s products in China will grow steadily and will occupy a place in the Chinese lubricants market.”
Kirill Vereta, general manager of Lukoil Lubricants International said that the long-term strategic goal of their supply chain is to transform a local supply chain into a global supply chain of cooperation with machinery manufacturers and users. “We believe that our product development and production will have a positive impact on the effective development of Chinese industry,” Vereta said.
Alexey Fedorov, general manager of Lukoil Lubricants China, said that the event is important for the company next year when they will officially open a blending plant in Kazakhstan.
“The annual capacity of the production base will be 100,000 tons and there will be a largescale supply of lubricant products from Kazakhstan to China, which will be our company’s contribution to the globalization of the Belt and Road initiative,” Fedorov said.
Russian Ambassador to China Andrey Denisov delivers a speech at the event.