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It is understood that as the international oil price has risen steadily in the past three years, it has strongly stimulated and stimulated a large number of global demand for drilling equipment and petrochemical equipment, making the total industrial output value of the domestic oil drilling equipment manufacturing industry record high for three consecutive years. . At the same time, the construction of many large petrochemical, ethylene, and PTA projects in China has also stimulated the demand for refinery and chemical equipment and pressure vessel manufacturing industries. According to data from the National Bureau of Statistics, in 2007, the total production value of the oil drilling and special equipment manufacturing industry was 57.64 billion yuan, up 49.67% year-on-year; the new product output value was 9.12 billion yuan, up 22.2% year-on-year; the export delivery value was 9.73 billion yuan, up year-on-year. Increased by 25.9%. The refining, chemical production equipment manufacturing industry achieved a total industrial output value of 27.32 billion yuan, an increase of 40.4% year-on-year; the new product output value was 3.01 billion yuan, an increase of 31.6% year-on-year; the export delivery value was 1.18 billion yuan, a year-on-year increase of 33.5%.
The Petroleum and Petrochemical Technology and Equipment Exhibition has now become one of the largest oil exhibitions in Asia and one of the world's five major oil shows. The scale of the exhibition was unprecedented. There were exhibiting groups from 12 countries including the United States, Germany, France, Russia, the United Kingdom, and Japan, and more than 800 exhibitors from 35 countries and regions, including 31 Fortune 500 companies. International oil and gas and petrochemical industry, the most advanced technology and equipment, domestic independent innovation of petroleum equipment and complete ownership of major intellectual property rights in major technology and equipment industry and technology.
The photo shows the leaders of China Petroleum and Chemical Industry Association Li Yongwu and other leaders attending the exhibition cut the ribbon for the show. 
High oil prices promote the rapid development of petroleum and petrochemical technology and equipment
On April 7, the 8th China International Petroleum and Petrochemical Technology and Equipment Exhibition was held in Beijing.