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They had alleged Hilong was making the drill pipes in China and merely assembling them in Abu Dhabi.
FORBES: Add Oil! Chinese Drill-Pipe Maker Ventures Into The Middle East
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As one of the few Chinese companies with manufacturing plants in the Middle East, Hilong is somewhat of a pioneer.
FORBES: Add Oil! Chinese Drill-Pipe Maker Ventures Into The Middle East
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About two years later UMW Petropipe, a unit of a Malaysian conglomerate, invested 10 million yuan that helped Hilong into drill pipe manufacturing.
FORBES: Add Oil! Chinese Drill-Pipe Maker Ventures Into The Middle East
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Thus far Hilong has been able to fulfill its staffing needs from within the UAE, and has not had to import workers from China.
FORBES: Add Oil! Chinese Drill-Pipe Maker Ventures Into The Middle East
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The rechristened Hilong Petroleum Pipe finally began trial production last year.
FORBES: Add Oil! Chinese Drill-Pipe Maker Ventures Into The Middle East
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With full control of its plant in Abu Dhabi, Hilong has an additional drill pipe production capacity of 11, 023 tons, compared with its 44, 753 tons on the mainland.
FORBES: Add Oil! Chinese Drill-Pipe Maker Ventures Into The Middle East
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Through organic growth Hilong would later add oilfield services to the other two lines of business en route to its IPO in Hong Kong in April last year.
FORBES: Add Oil! Chinese Drill-Pipe Maker Ventures Into The Middle East
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According to research firm Spears and Associates, National Oilwell Varco of the U.S. dominates the global drill pipe market with a 47% share, while Hilong is second with 13%.
FORBES: Add Oil! Chinese Drill-Pipe Maker Ventures Into The Middle East