Recon To Cooperate With CNPC To Establish Technical Service Center In Kazakhstan

(RTTNews) - Chinese oil and gas field service company Recon Technology Ltd. (RCON) said it has entered into a five-year renewable cooperation agreement with Aktobe Petroleum Machinery Co. Ltd. for the construction of technical service center for pressure containers such as heating furnaces and separators, in Kazakhstan.

Aktobe Petroleum is a joint venture between China Petroleum Technology & Development Corp. or CPTDC and China National Petroleum Corporation or CNPC.

Pursuant to this agreement, Recon and Aktobe Petroleum Machinery will work together to develop the marketing, sales, maintenance and related services for pressure containers in Kazakhstan.