Toast by Zhang Xueshan, President of Zhenwei Exhibition at Welcoming Dinner of 12th cippe

The 12th China International Petroleum & Petrochemical Technology and Equipment Exhibition kicks off in Beijing today and a welcoming dinner is also accompanied with the grand event. The following is the toast speech by Mr. Zhang Xueshan, President of Zhenwei Exhibition Group, General Manager of Beijing Zhenwei Exhibition Co., Ltd.

To promote progress with innovative products
To improve civilization with innovative technology
To share fortune with an innovative perspective
To highlight value with innovative thinkings

Distinguished guests, ladies and gentlemen, good evening!

The grand opening of 12th cippe is held here this morning. As world's largest petroleum exhibition, cippe attracts a total of 1,500 enterprises (45 from Global Top 500 Enterprises) from 62 countries and regions to have a display in 80,000 sqm exhibition space and cippe ranks No.1 petroleum equipment exhibition for its scale.

Exhibition is an industrial wind vane. Now, please allow me to introduce the main characteristics of the 12th cippe.

Firstly: more international enterprises participate in the cippe

This year, cippe attracts 12 country-delegations such as the U.S., Germany, UK, France, Canada, Norway, Italy, Russia, Korea and Denmark. The proportion of international enterprises increases to 30% from the original less than 20%.

Let's take the U.S. Delegation for instance. After the preparation in 2009 and 2010, the scale of the USA Delegation slowly increased to about 1,000 sqm in 2011, but this year, their exhibition space amounts to unprecedented 3,000 sqm. The U.S. economy showed a trend of "former low after high" in 2011 and had started to rebound since the end of 2011 what have also been proved at our exhibition.

Secondly: more attractive for international famous petroleum enterprises

This year, world famous enterprises including Rosneft, Naftogaz of Ukraine, National Oil Varco, Baker Hughes, Schlumberger, Cameron, GE, SIEMENS, Caterpillar, Cummins, MTU and Tyco will all gather at the cippe. Among the 1,500 exhibitors, 45 are from the Global Top 500 Enterprises.

Thirdly: Chinese enterprises strengthen their confidence

Since Chinese petroleum enterprises quicken the oversea investment during the 12th-Five-Year Plan period, the central government increases the exploitation for offshore oil, gas and shale gas, China's petroleum and petrochemical equipment industry meets a rapid development. The Chinese enterprises are more and more confident at the exhibition.

This year, CNPC organizes its 20 attached equipment-companies to build up a brand image for CNPC Equipment by displaying top technology and equipment about petroleum prospecting, well logging, exploitation, storage and transportation.

Sinopec's Jianghan Petroleum Equipment also organizes a delegation with kinds of petroleum equipment which also have a leading position in the petroleum industry.

Furthermore, Yantai Jereh, RG Petro-Machinery and etc also show their confidence of Chinese enterprises through their grand booths, rich products and advanced technology.

Fourthly: Ocean engineering equipment enterprises take up about 40%

Based upon the development of world's offshore oil and gas, the offshore engineering equipment industry highlights the cippe 2012. This year, the offshore engineering equipment enterprises occupy near 40% of the exhibitors and this is quite different from the former sessions.

Enterprises like CNOOC, CSIC, CIMC Raffles, Honghua and Zhenhua Heavy Industry all take part in the cippe and global offshore oil and gas magnates, famous offshore engineering equipment enterprises and Chinese experts about offshore oil and gas exploitation, shipbuilding enterprises and offshore engineering equipment manufacturers all gather together to have a discussion for the industry development.

Fifthly, cippe attracts wide media focus

At cippe 2012, hundreds of authoritative media such as People Daily, Xinhua News Agency, CCTV, Shanghai Securities News, China Business Journal, First Financial Daily, Sina, Ifeng and Sohu will cover the whole process through photo, article, audio and video. Up to now, there are 230 media registered for news report. So, on behalf of the cippe, I would like to extend my deep thanks to all those media friends for their support.

Sixthly: Other related business of Zhenwei

On this occasion, please allow me to introduce some other business of Zhenwei Group. Besides cippe Beijing, we will also organize Asia's largest petrochemical show and an offshore oil exhibition this August in Shanghai. We are also eager to see all of you in the Xinjiang (Karamay) International Petroleum & Petrochemical Technology and Equipment Exhibition which will be held on September 12.

We also have a magazine "Petroleum & Equipment" and a lot of well-known enterprises declare themselves on this industrial high-class media. This year, to conform to the internet development, we launched cippe online to offer an online trade platform for buyers and suppliers of petroleum equipment industry.

Besides the exhibition, we do hope to offer more other publicizing platforms and we believe it will become a kind of useful extending for the exhibition.

Seventhly: Value claim of cippe

cippe has experienced 10-year-development. More new products and technologies come forth at the cippe.

China needs a world-class petroleum exhibition. As a wind vane for global petroleum industry, cippe gradually undertakes its duty and obligation. The concurrent event of cippe "International Petroleum Summit" declares its topic as creating and sharing. In my opinion, this is the persistent value claim since the foundation of cippe, to build up a platform for global petroleum equipment enterprises to communicate, to promote progress with innovative products, to improve civilization with innovative technology, to share fortune with an innovative perspective and to highlight value with innovative thinkings.

As one of the organizer, Zhenwei Exhibition will redound upon every exhibitor and all the professional visitors and try to establish the best trade platform.

At last, I would like to extend my best wishes to all the exhibitors and visitors and thank you very much!