Industry News

Intelligent Machine Tool Has Influences on Valve Industry

Valve is an indispensable product for industrial pipes. China is the largest valve consumption and manufacturing country around the world. However, machine tool in China is still fall behind foreign level on design, materials, technology and parts fabrication. Therefore, China has low production c...

Main Trend of Valve Industry - Standardization

With the developing of petroleum in China, the demands for valve products has presented a kind of trend with specialization and standardization. Petroleum has high requirements for energy consevation. In several years, valve industry will have a large advancement.   Valve industry develop...

Deal Between Rosneft and Vitol Fizzled Out

It is reported that the deal between Rosneft and Vitol, the oil trader which is worth for 2 billion dollars has already fizzled out. It is the new indication that the upgrading sanctions by the Western are hindering the Russian state-owned oil corporation to realize its ambition.   Before, ...

High-end Valves Nationalized with Difficulty

Currently, according the analysis of valve market, China's valve market has already supplied a various kinds of valves, such as heating valve, environmental valve and constructive valve. With the several years' efforts of China's manufacturers, some high-end valves have been realized n...

IEA: China Will Usher Golden Age of Gas

IES shows that for promotion of constantly increasing demands, golden age of gas in North America will expand to China in the next 5 years.   New interim report of gas market published IEA points out that the demands for gas in China will be double nearly by 2019. The increasing demands for...

Russia Was Prepared for Endangered Oil Prices

It was reported that Alexei Ulyukayev, Russian Minister of Economic Affairs, said on Friday that Russia as a global major oil producer would have to be prepared for the decrease of crude oil prices-----they would reduce the prices predication. Before that, OPEC’s decision not to cut producti...

Power of Siberia Gas Pipe Will Begin in August

It is reported that Power of Siberia gas pipe will begin to be built in August to supply gas to China.   Gas being supplied to China will be exploited at Chayandinskoye gas field in the eastern Siberia. Currently, equipment installation is being prepared busily in gas fields. Protocol of de...

Russia Failed to Reach Gas Supply Contract with Ukraine

Russia failed to reach a gas supply contract for restarting to transmit gas to Ukraine in the coming winter, when Russian officials met with Ukrainian officials in Brussels on Tuesday.   Focuses of dispute include: how much Ukraine should pay to Russia for gas having been consumed, when Ukr...

Internet of Things & Big Data Promoting Intelligent Valve

With the age of internet of things and big data, amounts of entrepreneurial opportunities are brought to intelligent hardware in traditional manufacturing industry. Meanwhile, experts also show their optimism for mobile internet and intelligence. Good prospect of capitals must promote intelligent ...

Korea Imported Oil from The U.S.

Before dawn on September 11, a cargo ship loading 4 hundred thousand barrels of American gas condensate will arrive at Port of YOSU in Jeollanam-do, Korea. Korean oil industry is very concerned about that. It is the first time for 41 years that Korea imports oil from the U.S. Korea may get rid of ...