On February 23, the inaugural meeting of CCCC Petroleum and Natural Gas Pipeline Engineering Co., Ltd. and CCCC Petroleum and Natural Gas Pipeline Engineering Research and Development Center was held in Zhengzhou, marking a key step taken by CCCC in building an internationally competitive pipeline infrastructure construction service provider and operator. Leaders of Henan Province, China Communications Group, National Pipeline Network Group and China Petroleum and Chemical Industry Federation attended the unveiling ceremony. As the most important primary energy in the world, the construction of
oil and gas transmission channels is the key area of national infrastructure construction. The layout of China Communications Group has entered the field of oil and gas pipeline construction, which is of great significance to the integration and development of construction industry and petrochemical industry. China Communications Group is a global leader in the field of infrastructure, and is a central enterprise that integrates the pilot projects of state-owned capital investment companies, the contact points of Party building in state-owned enterprises, and the pilot projects of building a strong transportation country. The establishment of China Communications Pipeline Company is the latest achievement of deepening cooperation between China Communications Group and Henan Province and the National Pipeline Network Group. The leaders of China
Communications Group said that China Communications Group would make every effort to promote the construction and operation of the "national network" of national oil and gas pipelines, cultivate the land of the Central Plains, serve the development of Henan, and make greater contributions to the high-quality development of Henan; Hold high the banner of innovation, make every effort to build CCCC Pipeline Company into a leading enterprise in the industry and a "specialized, special and new" enterprise with the service capability of the whole industry chain of pipeline engineering, improve the quality and efficiency of development, discuss the cooperation plan, pool the advantages of all parties, enhance the coordination of all parties, and jointly create more cooperation results.
Pipeline transportation, together with highway, waterway, railway and aviation, is known as the world's five major modes of transportation, and is an important part of the modern transportation system. China Communications Pipeline Company is a brand enterprise established by China Communications Group focusing on the transformation and upgrading of pipeline engineering industry. The company takes petrochemical engineering and oil and gas pipeline engineering as its core business, centers on the goal of building a "specialized, special and new" enterprise with the service capability of the whole industry chain of pipeline engineering, serves the construction of the main engineering, supporting engineering and production auxiliary engineering of oil and gas storage and transportation, and takes the construction, installation, maintenance and transformation of long-distance pipelines as its business. Deeply participate in the renovation of urban oil and gas pipeline network and the construction of digitalization, networking and intellectualization, and build an all-round enterprise with the operation capability of the whole industrial chain of "design consultation-procurement and manufacturing-installation and commissioning-operation and maintenance-integrated services".
We understand that CCCC Petroleum and Natural Gas Pipeline Engineering Co., Ltd. is a joint venture company with a registered capital of 800 million yuan, in which CCCC shares and CCCC First Harbor Engineering Co., Ltd. Founded in December 2022, the company is headquartered in Zhengzhou, Henan Province. The company takes petrochemical engineering and petroleum and natural gas pipeline engineering as its core business, aiming at the storage and transportation of crude oil, refined oil and natural gas, and insists on the construction of main projects, supporting projects and auxiliary production projects for oil and gas development and treatment, as well as the construction, installation, maintenance and transformation of long-distance pipelines. Deeply participate in the renovation of urban oil and gas pipeline network and the construction of digitalization, networking and intellectualization, carry out the construction of municipal infrastructure related to oil and gas pipelines, build an all-round enterprise with the operation capability of the whole industry chain of "design consultation-procurement and manufacturing-installation and commissioning-operation and maintenance-comprehensive services", and strive to create a "specialized, special and new" benchmark enterprise of China Communications Group. After the establishment of
China Communications Pipeline Company, it will complement the key links of China Communications Industry Chain and build a "specialized, special and new" enterprise with the service capability of the whole industry chain of pipeline engineering, with an estimated scale of over 10 billion yuan in five years. Its strategic positioning is "a specialized construction enterprise of petrochemical and pipeline engineering construction, seeking to be listed in the capital market in the future".
In addition, CCCC Pipeline Company has also established the CCCC Pipeline Technology Research and Development Center, which is based on the pipeline construction, expanding to multiple fields of petrochemical engineering, devoting itself to the research and application of digital and green technology and the transformation of achievements, forming new productivity, giving full play to the advantages of CCCC's offshore engineering, and gradually entering the offshore petrochemical pipeline construction market.
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