On November 1st, Shandong Molong and Oman's advanced local oil service company held a signing ceremony for a strategic cooperation agreement, marking further deepening of their collaboration.

      At the signing ceremony, Han Gaogui, Chairman and General Manager of Shandong Molong, gave a detailed introduction to the company's production and operation, market expansion, product research and development, equipment updates, key projects, corporate mergers and acquisitions, and development advantages. He pointed out that Shandong Molong is a state-owned listed company controlled by A+H, and is the only enterprise in China that has the production capacity of petroleum specialized pipes, petroleum production equipment and other products. In the future, the company will be committed to promoting industrial technology transformation, product structure adjustment and overseas strategic deployment, and developing towards a more diversified, intelligent and international direction. He also expressed that the two sides have many similarities and complementarity, and the prospects for cooperation between the two sides are broad. He looks forward to both sides fully leveraging their respective advantages and working together to carry out deeper and wider cooperation.

      Oman's local advanced oil service company stated that the cooperation between the two sides will surely promote the transformation of Oman's local enterprises from oilfield services to high-end manufacturing. At the same time, Oman's advanced local oil companies will provide favorable conditions and convenient services for Molong in terms of local market resources, infrastructure, and material procurement.

      Both parties stated that they will take this signing as an opportunity to establish a more efficient and smooth mutual integration and cooperation relationship in the future, and promote breakthrough progress in their business.