China and Uzbekistan set up oil and gas equipment production joint venture

In June 2010, the "Uzbek Oil and Gas" national holding company and China "Tianjin Runtong Petroleum Equipment Co., Ltd." signed a joint venture agreement to produce oil and gas industry equipment in Uzbekistan's Bukhara state, with a project investment of 10 million U.S. dollars. Hold stocks. The company plans to annually produce 50,000 tons of pipe for drilling, 200 units of pumping units, and 1,000 drills. It is planned to start equipment installation and commissioning in the fall of 2010 and put it into production at the end of the year.

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