China’s oilfield services company to start business in Nizhnevartovsk and Surgut
Tyumen. Hilong group, China’s oilfield services company, is starting business operations in Nizhnevartovsk and Surgut, as per Hilong market manager Juriy Gilenyuk who made this statement at the discussion pannel during the Innovation Week in Tyumen.
Hilong group will open its factory in Surgut at the end of 2017. Investments turnover will amount to 10,5 million US dollars. Moreover, China’s holding plans a factory construction in the nearest future in Nizhnevartovsk, he said.
It is worth reminding that Hilong launched its production technologies in the Sverdlovsk Region in July 2016. Drill pipes are covered with hi-tech coating at Technomash factory in the city of Nevyansk.
Hilong Group is a major international holding manufacturing high-tech petroleum drilling and exploration equipment and rendering integrated services for oil and gas companies. The company owns 17% of international market for oil pipe coating and 75 % of the same market in China. The holding’s headquarters are based in Beijing.
Ugra plans to enter top-five Russian regions with the best investment environment. A draft of investment strategy has been worked out for the autonomous district of Ugra. Its central task is to improve investment climate and ensure better inflow of investments into the region. Optimal balance of industrial infrastructure and three-dimensional economical organization, modern methods of project management, integrated approach to lean production technologies and observation of social, economic, environmental and other social obligations would account for stable economic growth and better living standards of population.