Kerui Petroleum Explained

Shandong Kerui Petroleum Equipment Co., Ltd.
Location City:	Dongying, China
Industry:	Oil and gas equipment and contract services
Num Employees:	8,000

Kerui Petroleum is a Chinese oil services and equipment company. It provides equipment and EPC services for oil drilling and production and natural gas plants.

The Middle East headquarters is in Abu Dhabi and bases in Dammam, Saudi Arabia and Izmir, Turkey. Major markets for the company are Egypt, Algeria, Libya, Gabon, Nigeria, Oman, UAE, and Iraq.^[1]

In June 2023, Ukraine's National Agency on Corruption Prevention declared Kerui Group an "international sponsor of war" because of its continued business with Russia amid Russian invasion of Ukraine.^[2]

Projects

• Brazil - Awarded contract by Petrobras as a consortium of Kerui Petroleum Equipment Co. Ltd. and Brazilian consortium partner Metodo Potencial Engenharia SA, to build a natural gas processing unit in Itaborai.^[3]
• - Awarded contract by PDVSA to upgrade 624 wells in the Lake Maracaibo region.^[4]

Notes and References

1. News: Diversity important for Kerui Petroleum to maximise opportunities. Oil Review. November 9, 2016.
2. Web site: Ukraine: Govt. lists leading Chinese oil & gas equipment manufacturer as intl. war sponsor over increased exports to Russia . business-humanrights.org . 15 June 2023 . 30 December 2023 . en.
3. News: Petrobras lets contract for gas processing unit. Oil & Gas Journal. March 29, 2018.
4. News: PDVSA plans to raise production from Lake Maracaibo. Economist Intelligence Unit. October 6, 2016.