The oil and petrochemical equipment industry is facing a severe situation in 2009
At the New Year's Tea Party and Industrial Credit Evaluation Conference held by the China Petroleum and Petrochemical Equipment Industry Association in Beijing on January 12th, industry insiders pointed out that although the petroleum and petrochemical equipment manufacturing industry is still in a state of rapid development in the near future, hidden concerns have already emerged. It may be the year when the industry is most affected by the impact of the international financial crisis.
According to Zhao Zhiming, executive vice chairman of the association, the rise and fall of crude oil prices has a direct impact on the production and operation of oil and petrochemical industries and the increase or decrease of investment, and also directly affects the development of China's petroleum and petrochemical equipment industry. According to the statistics of production and operation in the first 11 months of 2008, the petroleum and petrochemical equipment manufacturing industry (including oil drilling equipment, refinery equipment and pressure vessels) is still experiencing rapid growth. The total industrial output value and sales output value The year-on-year growth rate of the major economic indicators such as the output value of new products and export delivery values ​​is still above 50%. For the time being, the obvious impact of the international financial crisis cannot be seen. At the same time, it must be noted that at present, the signs of shrinking investments in oil and gas exploration and development and the construction of petrochemical projects have led to signs of reduction in the export of petroleum and petrochemical equipment. The international market may experience long periods of downturns or even recessions. In 2009, it is very likely that the industry will suffer The impact of the international financial crisis was the most significant one.
The person in charge of the Equipment Industry Division of the Ministry of Industry and Information Technology of the participating ministry said that the country is currently in the process of formulating ten major industry revitalization plans, including petrochemical and equipment manufacturing industries. In order to support the development of machinery and equipment manufacturing industry, the next department of the Ministry of Industry and Information Technology will focus on the implementation of fiscal and taxation policies such as value-added tax transformation. At the same time, it shall establish a risk subsidy mechanism for the development and application of the first set of major equipment.
According to Zhao Zhiming, executive vice chairman of the association, the rise and fall of crude oil prices has a direct impact on the production and operation of oil and petrochemical industries and the increase or decrease of investment, and also directly affects the development of China's petroleum and petrochemical equipment industry. According to the statistics of production and operation in the first 11 months of 2008, the petroleum and petrochemical equipment manufacturing industry (including oil drilling equipment, refinery equipment and pressure vessels) is still experiencing rapid growth. The total industrial output value and sales output value The year-on-year growth rate of the major economic indicators such as the output value of new products and export delivery values ​​is still above 50%. For the time being, the obvious impact of the international financial crisis cannot be seen. At the same time, it must be noted that at present, the signs of shrinking investments in oil and gas exploration and development and the construction of petrochemical projects have led to signs of reduction in the export of petroleum and petrochemical equipment. The international market may experience long periods of downturns or even recessions. In 2009, it is very likely that the industry will suffer The impact of the international financial crisis was the most significant one.
The person in charge of the Equipment Industry Division of the Ministry of Industry and Information Technology of the participating ministry said that the country is currently in the process of formulating ten major industry revitalization plans, including petrochemical and equipment manufacturing industries. In order to support the development of machinery and equipment manufacturing industry, the next department of the Ministry of Industry and Information Technology will focus on the implementation of fiscal and taxation policies such as value-added tax transformation. At the same time, it shall establish a risk subsidy mechanism for the development and application of the first set of major equipment.
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