Panjin，located at the top of Bohai Bay in Liaodong Peninsula, with graceful environment, abundant oil & gas resources and marked location advantage, is being stimulated by three national strategies as the revitalization of old Northeastern industrial base, transformation of resource-dependent cities and development and opening of Liaoning coastal economic belt.
Panjin Hi-Tech Industry Development Zone, 47.61-km2 planned area, is located in the central region of Panjin city. The zone majors in the development of petroleum & natural gas equipment manufacturing, engineering technical service as well as petroleum processing and lubricating oil production industry. With distinct characteristic of industry and rapid development, the zone is sequentially named as National New Industrialization Demonstration Base, characteristic Industry Base of National Torch Plan, a main equipment production base of China National Petroleum Corporation, new industrialization demonstration base of Liaoning province and specially supported area of Liaoning Coastal Economic Belt.
Panjin Hi-Tech Industry Development Zone is the testing area of new Industrialization in Liaoning coastal economic belt and demonstration area of Transformation of resource-dependent Cities.