News

China's Valve Industry Abandons Price War

In recent years, China's industry has been booming. China's valve industry also develops at a high speed. However, China's valve industry are always focusing on price war which causes China's valve products still locating at the low-end of international valve market. For this, valve...

China Valves Market Expanding

China valves market expands highly for the development of petroleum. For over ten years, policies and economic situations have provided advantages to valves market, having large space for increasing. Currently, petroleum enterprises need to update equipments which have a large demand for valve. It is...

Credit Risk for China Valve Industry, 2014

Valve is a device that connects or cuts off medium in pipelines and regulates flow. It is key components in petroleum, chemical, power station, pipelines, nuclear industry, etc. China has the most valve manufacturers in the world. The number is about 6,000. In recent years, China valve industry has...

China Valve Foundry Industry Showing Disadvantages

As one of national industries, China valve foundry industry has obvious development in recent years. Although disturbances exist during developing, valve foundry industry is stable and rising, having become one of the highly developing machinery.   Valve is the base of foundry industry or even...

Foreign Corporations Not to Purchase Kurds Petroleum

On June 1, Iraqi Oil Ministry warned that foreign corporations should not buy petroleum from an oiler, considering those petroleum was exported from Kurdish Autonomous Region arbitrarily. Iraq also claimed that it would take legal action to foreign corporations which purchase the petroleum.   Currently,...

Releasing Petroleum Export Ban Boosts the U.S. Economy

It is reported that the government receipts will be increased by 1 trillion USD in 2030, prices of fuel being stabilized and raises 300 thousand jobs annually, if the Congress releases petroleum export ban which has been carried out for more than 40 years.   It is estimated that the prices of gasoline...

Valve Manufacturers Make Automatic Valve

Currently, the idea of automation has penetrated into industries. Beside automatic upgrade for industrial production, parts of industrial equipments are merged with automatic technology, becoming new products which have more competiveness. Automatic valve is one of the new products.   In recent...

Analysis of Butterfly Valve Market in China

As a kind of control valves, butterfly valve has simple structure, widely utilized in high pressure pipelines. Butterfly valve can control flow of gas, water, steam, corrosive medium, mud, oil, liquid metal, radioactive medium, etc. For its specific usage, butterfly valve is always hot-selling products....

War in China's Valve Industry May Upgrade

As a giant industry group, valve industry plays a key role in national economic construction. Currently, low-end valve products have realized nationalization. High-end valve products are taking place of imported products gradually, pushing China's valve industry into to international competition....

Canadian Government Approved Northern Gateway Oil Pipeline

On June 17th, Canadian government approved to build a new oil pipeline named as Northern Gateway from oil fields in northwest of Canada to Canadian coast in order to export oil to countries in Asian-pacific areas, mainly to China.   Currently, ally of oil exploited in Canada are supplied to the...

China Helps Turkmenistan Improve Output of Gas

With the help of huge investments and equipments from China, Turkmenistan plans to improve output of gas substantially and export 65 billion cubic meters to China annually before 2020.   It is reported that proven gas reserves are 17.5 billion cubic meters in Turkmenistan, ranking at the fourth...

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 design...

EU Will Supply Gas to Ukraine through Gas Pipe Vojany

It is reported that a gas pipe Vojany will be fully operational in September to transmit gas from EU to Ukraine.   Thomas Marecek, the chairman of Eustrem showed that gas pipe Vojany originated from Slovakia was planned to supply 10 billion cubic meters gas to Ukraine annually before 2019.  ...

Ukraine Will Import 7.23 Cubic Meters of Gas

On last Friday, Ukrainian government said that Ukraine would need to import 7.23 cubic meters of gas from August in this year to March in the next year to ensure its own economy run smoothly during high demand seasons.   Ukrainian government predicts that most of gas will be imported from Europe...

Global Demands for Gas Will be Increased Annually By 2.2%

Interim report of annual gas market published by IEA shows that global demands for gas are estimated to be increased annually by 2.2% by the end of 2019.   LNG (liquefied natural gas) can meet most of demands for gas. New-built gas pipeline can also play an import role in meeting the demands for...

A New Oil Crisis May Be Caused by ISIS

Global price of crude oil had ever reached the highest level since 9 moths, after ISIS (Islamic State of Iraq and the Levant) capturing the northern of Iraq. If output of crude oil in Iraq is reduced by 1/3, global prices of crude oil will be increased by 40 USD per barrel, which may strike tender global...

Gas from Iran Will Strengthen Energy Safety in India

Modi government attaches great importance to gas from Iran. Oil Ministry has ever proposal to restart the construction of gas pipe from Iran to India crossing though Pakistan. That is the third gas pipe that new Indian government strives to build.   Three months ago, Modi government supported the...

Valve Manufacturers Should Enhance Innovation in China

Currently, valve manufacturers are lack of innovation in China, impeding the development of valve industry. Nowadays, many valve manufacturers innovate less after introducing advanced technology. When overseas clients visit China’s heavy industry projects such as power and petroleum, they find...

Mongolia Expects to Sign Gas Supply Contract with China

It is reported that Mongolia is seeking for signing gas contract with China in August which will expand energy supply in China, the second largest economic entity in the world and reinvigorate foreign investments in Mongolia.   Recently, when Erdenebulgan Oyun, the vice minister of Ministry of...

China-Burma Gas Pipe Has Operated Safely for One Year

It is reported that China-Burma gas pipe has operated safely for one year by July 27. Accumulative total of gas having been transmitted to China from the west coast of Burma is 1.87 billion cubic meters. Otherwise, the pipe distributes 60 million cubic meters of gas to Burma, providing new power to...