China Petroleum Technology & Development Corporation (CPTDC) is a wholly-owned subsidiary of China National Petroleum Corporation (CNPC). It engages in the export of the petroleum equipment and materials and provides materials and equipment for CNPC’s overseas projects. Established in 1987, CPTDC has started the export business of petroleum materials and equipment since 1992. Boasting an annual contract value of over 4 billion USD in 2014, CPTDC has provided its products and services to 80 countries and regions across the globe. CPTDC’s export performance has come out top in central enterprises in successive years and it has been acknowledged as China’s largest supplier of petroleum and petrochemical materials and equipment to the world market.