New Progress on Sino-Latin American Energy Cooperation -----Sets of Jereh Equipment Delivered to Venezuela

Yantai/December 12th, 2015/ Jereh Group, an international oil and gas company, delivered 18 sets of high end oilfield equipment totaled around 11 million US dollars to Venezuela. This is another big order to enhance its market presence in Latin America.

New Progress on Sino-Latin American Energy Cooperation -----Sets of Jereh Equipment Delivered to Venezuela

Jereh equipment are on their delivery trip to Venezuela

As of now, Jereh Group has won two purchase orders from the same customer thanks to its customized design, high production capacity and equipment quality. It is expected that there will be more co-op with Jereh, to promote the energy monetization in Latin American.

Jereh has been in this market for many years and expanded the market share actively in the past two years. In 2014, Jereh exported more than 900 sets of oilfield equipment valued at $190 million for Petroleos de Venezuela SA (PDVSA), which helped the establishment of PDVSA's first oilfield service teams, and laid a solid foundation for the in-depth business development. In May this year, Jereh presented in China’s Equipment and Manufacturing Industry Exhibition held in Brazil. As Chinese Premier Li Keqiang expressed, Latin America boasts considerable scope for industrial cooperation, and China will strengthen collaboration and investment on oil & gas exploration, oilfield equipment and ship trade as well.

For this reason, Jereh has set up branches in Venezuela, Brazil, Argentina, Ecuador, Colombia and Mexico to better support local customers. “We are one of the designated equipment suppliers for PDVSA. And we will increase the investment on employee recruitment and spare parts in 2016.” says Jereh-Latin American manager. Jereh will work together with partners to enhance local competitiveness, and meanwhile to build a new image of “Intelligent Manufacturing in China”by strengthening equipment productivity and boosting the joint development of energy, economy and society.