M&A News on ASPZ – Entering Petroleum Pipeline Engineering Industry
Henan Zhongtuo Petroleum Engineering Technology Co. Ltd., member of Sinopec Group and China Petroleum Engineering & Construction Committee, owns subsidiaries in Sudan, Iran, Kazakhstan, Chad and so on. Henan Zhongtuo Petroleum Engineering Technology Co. Ltd., rewarded as national high-tech enterprise in 2010, is specialized in pipeline and equipment flushing by using physical and chemical cleaning techniques, including intercrossing method, reversing method, coating method, CHC strengthening and repairing technology, pipeline pigging, pipeline pressure testing, pipeline drying and replacement, pipeline inspection, pipeline anticorrosion and insulation. In 2012, its stainless steel inner lining repairing technique passed the national scientific and technological evaluation and wrote in "Law of the PRC on Promoting the Transformation of Scientific and Technological Achievements".