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With the encouragement from various parties and policies, after many years of development, Dongying has currently only a few small factories in the city to produce spare parts for petroleum equipment, and important petrochemical equipment has basically depended on imports. It has developed to produce petrochemical equipment covering various fields. And accessories. As of the end of 2006, there were 232 enterprises engaged in oil special equipment, petroleum accessories, and petrochemical additives and services. The total industrial output value was 109.5 billion yuan, and the profits and taxes were 6.42 billion yuan, which accounted for 35% and 40% of the country's total respectively. Important oil equipment manufacturing area. The city's Shengli Industrial Park is the only one in the country with a petrochemical equipment industry as its leading industry. At present, there are 98 enterprises entering the park, and the fixed assets investment is 2.98 billion yuan. Relying on Shengli Oilfield, Dongying oil equipment manufacturing companies are accelerating their pace with international standards. On June 13 of this year, the Dongying Petroleum Machinery and Equipment Manufacturing Industry Association of Shandong Province was formally established to provide a support platform for the orderly and healthy development of the Dongying petroleum equipment manufacturing industry. It is estimated that by 2010, the total investment in the oil equipment industry in Dongying will reach 100 billion yuan and sales revenue will reach 300 billion yuan. To this end, Dongying City will further integrate resources, give full play to its overall advantages, strengthen external cooperation, open wider areas, and promote the leapfrog development of the oil equipment manufacturing industry.
As the center city of the Yellow River Delta, Dongying has outstanding advantages in land resources. It is located in the Yellow River's estuary at Dongying and will annually add 30,000 to 50,000 mu of land. Moreover, Dongying City faces the Bohai Gulf, north of Beijing, Tianjin and Hebei, and has a prominent position in the development of equipment manufacturing industry. In order to speed up the construction of petrochemical equipment manufacturing base, Dongying City puts forward the strategic development goal of “base on the oilfield market, open up domestic and foreign markets, strengthen independent development, promote mechatronics integration, and create a national petrochemical equipment manufacturing baseâ€.
Shandong Dongying City gives full play to the technological advantages, talent advantages, and market advantages of scientific research institutes and enterprises such as China University of Petroleum and Shengli Oilfield, focusing on the development of petroleum machinery, gas generators, welding machines, electronic components, electromagnetic lines, and new special instruments. Oilfield special equipment and general equipment have become the focus of Dongying City's current development of special equipment manufacturing industry. A thriving petroleum equipment manufacturing base is emerging in the Yellow River Delta.