Hilong : Signed a Crude Oil Pipeline Service Contrac...

(September 23, 2021, Shanghai) Hilong Pipeline Engineering Technology Service Co., Ltd. has recently signed a contract with Panyu Chu Kong Steel Pipe (Lianyungang) Co., Ltd. to provide subsea pipeline anticorrosion, concrete weight coating and sacrificial anode installation services for the Huangzeshan-Yushan crude oil pipeline project located near the Zhejiang Free Trade Zone, with a total contract amount of about RMB 145.4 million.

Zhao Min, Vice President and General Manager of the Pipeline Technology and Service Business of Hilong Group, said: "The Huangzeshan-Yushan crude oil pipeline project is an important step for Zhejiang Energy Group Co., Ltd. to establish the entire petroleum products industry chain and improve the resource allocation capabilities of the petroleum industry chain in the Zhejiang Free Trade Zone. The contract once again proves that Hilong Pipeline's pipeline coating services have been widely recognized by our peers in the industry, and will help push the Group's strategic progress forward in the construction of offshore pipelines."

Panyu Chu Kong Steel Pipe (Lianyungang) Co., Ltd. is a wholly-owned subsidiary of Chu Kong Petroleum and Natural Gas Steel Pipe Holding Limited (Chu Kong Steel Pipe Group Company Limited), principally engaged in the manufacture and sale of seam welded steel pipes. Chu Kong Steel Pipe is a large manufacturer and exporter of longitudinal welded steel pipes in China. The company has been honored with numerous awards, including "Key High-Tech Enterprises of National Torch Plan", "National-recognized Enterprise Technology Center", "Superior Quality Award for Actual Quality of Metallurgical Products", "Certificate of Golden Cup Prize for Actual Quality of Metallurgical Products" and "National Key New Products".