rongsheng international for sale

Rongsheng Machinery Manufacture Ltd of Huabei Oilfield, Hebei, which was founded in 1976, has now been an internationally famous comprehensive petroleum machinery manufacturer, and has grown to be the largest manufacturer and dealer of land-use BOPs.

NOTE: Rongsheng North America, Inc. is the only legal subsidiary of Rongsheng Machinery Manufacture Ltd. in the United States which is authorized to sell "HRSB" brand products including BOP"s, Mud Pumps and Well Heads.

SINGAPORE (Reuters) - China’s Rongsheng Petrochemical has bought its first condensate cargoes for its mega refinery to be delivered in December, trade sources said on Thursday.

SINGAPORE, Oct 14 (Reuters) - Rongsheng Petrochemical, the trading arm of Chinese private refiner Zhejiang Petrochemical, has bought at least 5 million barrels of crude for delivery in December and January next year in preparation for starting a new crude unit by year-end, five trade sources said on Wednesday.

Rongsheng bought at least 3.5 million barrels of Upper Zakum crude from the United Arab Emirates and 1.5 million barrels of al-Shaheen crude from Qatar via a tender that closed on Tuesday, the sources said.

Rongsheng’s purchase helped absorbed some of the unsold supplies from last month as the company did not purchase any spot crude in past two months, the sources said.

Rongsheng North America, Inc. provides complete package services of well control equipment and is the largest land BOP manufacturer in the world. Their well control products show excellent site performance, ensuring safety of well control.

Abu Dhabi National Oil Company (ADNOC) has signed a broad framework agreement with China’s Rongsheng Petrochemical to explore domestic and international growth opportunities in support of ADNOC’s 2030 growth strategy.

The companies will examine opportunities in the sale of refined products from ADNOC to Rongsheng, downstream investment opportunities in both China and the United Arab Emirates (UAE) and the supply of liquified natural gas (LNG) to Rongsheng.

Under the terms of the deal, the companies will also study chances to increasing the volume and variety of refined product sales to Rongsheng as well as ADNOC’s participation as the China firm’s strategic partner in refinery and petrochemical projects. This could include an investment in Rongsheng’s downstream complex.

In return, Rongsheng will also look at investing in ADNOC’s downstream industrial ecosystem in Ruwais, UAE, including a proposed gasoline-to-aromatics plant as well as reviewing the potential for ADNOC to supply LNG to Rongsheng for use within its own complexes in China.

Rongsheng’s chairman Li Shuirong added that the cooperation will ensure that its project, which will have a refining capacity of up to 1 million bbl/day of crude oil, has adequate supplies of feedstock.

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Sinochem Petrochemical Distribution Co., Ltd. (Sinochem Petrochemical Distribution) and Zhejiang Rongsheng Holding Group (Rongsheng Group) signed a memorandum of cooperation at the headquarters of Sinochem Petrochemical Distribution. The two parties intend to establish long-term cooperation in the procurement and sales of petrochemical products.

Deputy General Manager Wang Guolun gave a detailed introduction on the company profile, marketing capabilities, organizational structure, innovation platform, etc. He said that Sinochem Petrochemical Distribution will continue to follow the direction of professionalization and integration, improve the industrial chain, strengthen industrial coordination, and gradually build up a development model with Sinochem characteristics for petrochemical product marketing. In addition, the Company will build Sinochem Group"s internal unified sales platform, external professional operation platform, integrated service and e-commerce platform to meet customers" most optimized "one-stop" procurement needs with innovative transaction models, abundant high-quality resources, fast information services and thoughtful online customer service. In 2017, Sinochem Petrochemical Distribution sold products to eight provinces – Liaoning, Shandong, Jiangsu, Zhejiang, Fujian, Jiangxi, Hunan, and Guangdong. It is estimated that in 2018, it will import and export 600,000 tons of chemical products, with an annual sales volume of 10 million tons. At the same time, the two sides had extensive exchanges on the pre-sales of Sinochem Petrochemical Distribution"s ethylene products, reached a broad consensus on the product sales after Rongsheng Group"s ethylene project was put into production, and established in-depth cooperation intentions.

At the signing ceremony, Li Bo, General Manager of Sinochem Petrochemical Distribution, and Shou Baichun, General Manager of Rongsheng International Trading Co., Ltd. under Rongsheng Group, signed a memorandum of cooperation on behalf of both parties. Deputy General Manager Wang Guolun and Wang Xiaoling, Chief Financial Officer Zhang Tao, Senior Marketing Director Guo Hui, General Manager of East China Branch Zhou Jiankang, and Deputy Director of Chemicals, Rongsheng International Trading Co., Ltd. Wang Haidong, and others attended the signing ceremony.

General Manager Li Bo said that the two parties will strengthen partnership on petrochemical product trade and logistics to complement each other"s advantages and expand the business scope. Shou Baichun said that Rongsheng Group can work with Sinochem Petrochemical Distribution surrounding the logistics and distribution of petrochemical products, and that this will bring mutual benefits to both parties.

(Reuters) Chinese conglomerate Zhejiang Rongsheng Holding Group plans to double capacity of a joint venture refining project to 800 Mbpd in 2020, two years after the first phase starts up, senior company officials said Thursday.

The project, a venture among private companies led by Rongsheng, is planning to start up the 400 Mbpd first phase in 2018, aiming to meet the group"s requirements for petrochemical feedstocks.