Tendersinfo keep you informed about the latest events in the national and international Procurement Industry. Procurement News provides in-depth coverage of the procurement industry, including contract awards, contract additions, new contract wins, mergers and acquisitions. Tendersinfo through its tender news section provides an update on all domestic and global tendering opportunities, invitation to bid & trade leads.

Publish Date : 30-Dec-2015

A major bidding deal has been secured by Recon Technology, Ltd. with PetroChina Co. and is now a Class A Furnace Supplier to all PetroChina's oilfield firms.

BHD would take part in PetroChinas furnace Procurement program with the new bidding, which is estimated to worth $457 million from October 2015 to September 2017.

PetroChina carries on a bidding process to secure a limited number of qualified suppliers under the Procurement program. After the selection all purchases are received from the designated Class A suppliers.

Mr. Shenping Yin, Chairman and CEO of Recon, stated, "This qualification and contract win is a testament to our technical strength and service quality as one of the leading independent oilfield product and service providers to PetroChina. With this qualification, Recon now can participate in all of PetroChina's furnace markets As there are only a limited number of PetroChina approved suppliers, the competition is significantly reduced. This will allow us to increase our client base, while reducing resources devoted to building our client base, and allow us to devote more of our efforts to product improvement to better serve our clients.

Go to previous page