Overview of the current status of the global oil and gas industry and major exhibitions

Currently, global primary energy consumption is still dominated by oil and natural gas. This current situation requires us to grasp the general background of social and economic development and the international environment. This is not only the strategic prerequisite for the development of the petroleum and petrochemical industry, but also an important basis for correctly judging the trends of the world and China’s petroleum and petrochemical industry.

Before China joined the WTO, the mastery of key core technologies was mainly concentrated in Western countries. This resulted in my country’s obvious lack of independent research and development and production capabilities in large-scale complete sets of high-end petroleum equipment. Most petroleum equipment manufacturing companies focus on the production of low-end products. However, since China’s accession to the WTO in 2001, with the implementation of the “going global” strategy, China’s petroleum equipment manufacturing industry has risen rapidly, gradually transformed from low-end to top, and established the image of “Chinese petroleum equipment” in the global market. . Today, China has become a global manufacturing power in terms of production capacity of oil and gas drilling equipment.

With the acceleration of economic globalization, emerging market countries such as China are rapidly seizing the global market with their low labor costs, good technical levels and cost-effective products, and their international market share continues to increase. Excellent private enterprises gradually take the initiative in international competition by actively participating in industry exhibitions and other publicity methods, laying a solid foundation for future development.

Introduction to major industry exhibitions

1. Houston Oil and Gas Show (OTC), USA

The world’s largest petroleum industry exhibition was founded in 1969 and is held annually. With more than 50 years of scientific and technological development, the OTC exhibition has become an extremely important professional exhibition in the fields of oil and natural gas exploration, mining, production and environmental protection.

2. Petroleum Exhibition in Moscow, Russia

The Petroleum Exhibition held in Moscow every year attracts a large number of industry professionals from Russian-speaking countries, making it the largest and most influential petroleum exhibition in these regions.

3. Middle East Abu Dhabi Petroleum Exhibition

As the main oil-producing area of ​​the United Arab Emirates, Abu Dhabi’s oil exhibition is held in mid-November every year. Due to its unique geographical and trade advantages, it has developed into the largest oil exhibition among the oil-producing countries in the Middle East and ranked among the top three in the world. .

4. North Africa Algeria International Oil and Gas Exhibition

Algeria is the largest country in Africa and the sixth largest natural gas exporter in the world. The country’s petroleum exhibition is the largest petroleum exhibition in Africa, attracting participation from neighboring countries. The energy industry contributes significantly to the country’s GDP and export revenue.