OPT KSA, Subsidiary of OPT, Signs Strategic Cooperation Agreement with Sichuan Changxiang Energy to Co-Develop the Middle East Market


Chengdu, China, October 10, 2025 

Recently, OPT Chemicals Saudi Factory and Co., a wholly-owned subsidiary of Shandong OPT Petroleum Technologies Co., Ltd. (hereinafter referred to as “OPT”), signed a strategic cooperation agreement with Sichuan Changxiang Energy Co., Ltd. in Chengdu, Sichuan Province. The two parties will deepen collaboration in oilfield development technical services, supply of oilfield chemicals, integrated on-site solutions, and the construction of localized operation systems across the Middle East, jointly advancing into the regional energy market and setting a benchmark model for Chinese technology enterprises expanding overseas.


The signing ceremony was witnessed by senior executives from both sides. Mr. Wang Yong, Vice President of OPT and Director of OPT KSA, and Mr. Liu Chun, General Manager of Sichuan Changxiang Energy, signed the agreement on behalf of their respective companies. Mr. Lu Shangyong, Assistant of General Manager of CNPC Chuanqing Drilling Engineering Company Limited and General Manager of Yuesheng Energy Group, attended the event and expressed strong recognition of the partnership. He stated:
“Collaboration among Chinese enterprises in overseas markets is a key pathway to promoting high-quality development under the Belt and Road Initiative. This cooperation exemplifies the strategic wisdom of complementary strengths and collective international expansion.”


Strength-to-Strength Alliance to Build Regional Integrated Capabilities


Under the agreement, the two parties will focus on Saudi Arabia as a core hub, extending their reach to key oil-producing countries including the UAE, Kuwait, Oman, and Iraq. They will leverage their respective advantages in technological R&D, manufacturing, project execution, customer resources, and localized operations:
OPT KSA will utilize its extensive market presence in the Middle East, robust compliance framework, and local operational expertise to lead market expansion, client relationship management, and project implementation.
Sichuan Changxiang Energy will contribute its complete domestic chemical supply chain, proven field engineering capabilities, and advanced equipment fleet.
Together, they aim to deliver end-to-end responsiveness—from solution design and product supply to on-site service—significantly enhancing customer efficiency and satisfaction.


Focus on Green and Low-Carbon Development to Promote Technological Innovation


Against the backdrop of accelerating global energy transition, green, intelligent, and sustainable development has become the central theme of the oil and gas industry. This partnership places particular emphasis on the joint promotion of environmentally friendly oilfield chemicals. The two companies will introduce integrated technical solutions compliant with API, ISO, and GCC environmental standards to major international operators such as Saudi Aramco, TAQA, and Oilserv, helping clients achieve dual goals of efficient hydrocarbon recovery and ecological protection.
“We firmly believe that true competitiveness stems not just from price, but from technological value and sustainable development principles,” said Dr. Xiao Zhijun, Chairman and CEO of OPT. “As OPT’s bridgehead in the Middle East, OPT KSA bears the critical mission of brand internationalization and service localization. This strategic alliance with Sichuan Changxiang Energy marks a pivotal step forward—from isolated breakthroughs to ecosystem co-construction in our global footprint.”
Mr. Liu Xiaoming, Party Secretary and Deputy General Manager of Chuanqing International Engineering Company, added: “Our decision to partner with OPT’s subsidiary is based precisely on their solid technological foundation and relentless commitment to product quality. We will seize this opportunity to integrate resources and work synergistically, striving to become a trusted Chinese energy technology service alliance in the Middle East.”


Deepening Engagement Along the Belt and Road – Building a New Model for International Collaboration


As one of the world’s most strategically important energy regions, the Middle East has been actively advancing energy diversification and technological modernization, offering vast opportunities for high-end Chinese energy technology firms. In response to the national Belt and Road Initiative, OPT launched its international strategy as early as 2014. Since then, it has established wholly-owned subsidiaries in Houston (USA), Indonesia, and Saudi Arabia, building a comprehensive regional service network covering North America, Southeast Asia, the Middle East, and North Africa.
This strategic cooperation with Sichuan Changxiang Energy represents more than a simple resource integration—it embodies a dynamic shift for Chinese enterprises from fragmented competition to clustered collaboration within the global value chain. Going forward, the two parties plan to explore higher-level cooperation models, including establishing a joint venture and co-building a research and development center. They also intend to jointly apply for national-level Belt and Road science and technology cooperation projects to secure policy and financial support.


Looking Ahead: Building a Community of Shared Energy Cooperation


The signing of this strategic agreement marks a new phase in OPT’s global development and provides a replicable case study for Chinese energy technology enterprises seeking sustainable growth in complex international environments. Standing at a new historical starting point, OPT and its partners will continue to uphold the principles of technology-driven innovation, win-win cooperation, and green development, deeply engaging in the Middle Eastern market and serving global clients. Together, they aim to contribute Chinese wisdom and strength toward an open, inclusive, and mutually beneficial international energy cooperation landscape.