Honghua rig orders hit by Russia woes

Chinese land rig fabricator Sichuan Honghua Petroleum Equipment expects its overseas revenues and orderbook to drop by 10% this year as a result of dwindling demand from Russia.

China-Russia teamwork: Honghua sees drop in Russian rig orders
China-Russia teamwork: Honghua sees drop in Russian rig orders
Published 4 May 2015, 19:08Updated 4 May 2015, 19:14
Asia & OceaniaEastern Europe