Rus­sia: Deeper col­lab­o­ra­tion in oil, gas strength­ens

Global Times – Metro Beijing - - EMBASSY -

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.

Photo: Cour­tesy of the Rus­sian Em­bassy in Bei­jing

Rus­sian Am­bas­sador to China An­drey Denisov de­liv­ers a speech at the event.

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