One of the leading Chinese gas engine manufacturers, CNPC Jichai Power Company Ltd., has recently signed a dealer agreement with the Russian production and engineering company PSM. This partnership is expected to bring mutual benefits and strengthen the presence of both companies in the global market.
CNPC Jichai Power Company Ltd. is a subsidiary of China National Petroleum Corporation (CNPC), one of the largest state-owned energy companies in China. The company specializes in the production of gas engines, diesel engines, and gas turbines for various industries such as oil and gas, power generation, and transportation. With over 60 years of experience, CNPC Jichai has established a strong reputation for its high-quality products and advanced technology.
On the other hand, PSM is a Russian company that provides a wide range of services in the field of production and engineering. The company has extensive experience in the design, construction, and maintenance of industrial facilities, as well as the supply of equipment and spare parts. PSM has a strong presence in the Russian market and has been expanding its reach to other countries in recent years.
The dealer agreement between CNPC Jichai and PSM will allow the latter to become the official dealer of CNPC Jichai’s products in Russia. This means that PSM will have the exclusive right to distribute, sell, and provide after-sales services for CNPC Jichai’s gas engines in the Russian market. This partnership will not only benefit PSM by expanding its product portfolio but also provide CNPC Jichai with a strong local partner in Russia.
The agreement was signed during the China-Russia Energy Business Forum, which was held in Beijing on October 18, 2021. The event was attended by high-level representatives from both companies, as well as government officials from China and Russia. The signing of the agreement was witnessed by Chinese President Xi Jinping and Russian President Vladimir Putin, highlighting the importance of this partnership for both countries.
Both CNPC Jichai and PSM are confident that this partnership will bring significant benefits to their businesses. With PSM’s strong presence and expertise in the Russian market, CNPC Jichai’s gas engines will have a better chance of penetrating the market and gaining a competitive edge. On the other hand, PSM will have access to high-quality and advanced gas engines, which will enhance its capabilities and offerings to its clients.
Moreover, this partnership is expected to contribute to the development of the energy sector in both China and Russia. With the increasing demand for clean and efficient energy sources, gas engines have become a popular choice for many industries. By working together, CNPC Jichai and PSM can provide innovative and sustainable solutions to meet the growing energy needs of their respective countries.
In addition to the business benefits, this partnership also reflects the strong relationship between China and Russia. The two countries have been strategic partners for many years, and this agreement further strengthens their cooperation in the energy sector. It also demonstrates the commitment of both companies to promote international trade and investment, which is crucial for the global economy.
In conclusion, the dealer agreement between CNPC Jichai Power Company Ltd. and PSM is a significant milestone for both companies. It not only expands their business opportunities but also contributes to the development of the energy sector in China and Russia. With their combined expertise and resources, this partnership is expected to bring mutual benefits and create a positive impact on the global market.