May 21st, Chinese Premier Li Keqiang finished his trip in Brazil, the first stop of four-nation tour in Latin America. During his trip, Li Keqiang attended Chinese Manufacturing Industry Exhibition in Brazil. As China’s leading energy equipment exhibitors, Jereh demonstrated China’s manufacturing power at the exhibition and shows strong confidence in Brazil energy market.
During the visit, Mr. Li has expressed a clear and strong message: more cooperation in equipment manufacturing industry and more potential in market cooperation. A $50 billion investment package was also unveiled after talks with Brazilian President Dilma Rousseff.
“We are seeing more opportunities in oil and gas equipment supply after Mr. Li’s ‘Made-in-China Product Promotion’, and seeing more potential in new market development, including Jereh’s oilfield and gasfield engineering and construction services (EPC) and oilfield environmental management.” said Mr. Kevin Qin, Jereh’s Vice President of Latin America.
Since the beginning of this year, China shows great momentum in its global economy development. From the launch of “Belt and Road Initiative” project to the start of “Asian Infrastructure Investment Bank”, China is now playing a fundamental role in linking global markets with countries of huge economic potential. As the world top 10 energy producer, Brazil enjoys rich energy resources especially in offshore and natural gas. Premier Li’s visit offers a great boost for Jereh’s business development in Brazil and Latin America.
“Latin America is a crucial market for us.” Said Mr. Kevin, “Backed by our 8 global manufacturing industrial parks in China and America, Jereh is able to manufacture and fabricate the equipment in China and Houston and quickly ships them here. For example in June, 2014, Jereh shipped more than 400 sets of cementing and coiled tubing equipment for PDVSA and all of them are showing proven performance in Venezuela. Now, Jereh had set up branches in Brazil, Venezuela, Colombia, Argentina, Ecuador and Mexico, aiming at achieving long-term development and business localization, committed to working together with customers, maximizing the potential of every operation through reliable products and services.”