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China's largest oil company in Shaanxi Province where the extension of the oil (Group) Co., Ltd. (hereinafter referred to as "the extension of the oil"), will hand in the oil group to build a scale of one million tons of ethylene plant with a total investment of 23 billion yuan is expected to be.
A long time, to extend the mining and refining of oil in the area is "one-man operations." In today's oil prices lower, its peak oil production period is over the situation with China National Petroleum Corporation will jointly make up the oil to extend the short-board, and its search for new profit growth point.
Development and Reform Commission has reported
According to reporter had an exclusive comprehending of the new vegetation will be established in Yan'an City, Shaanxi Province. Shaanxi Provincial Government and China National Petroleum Corporation has marked a prescribed collaboration affirmation, the two edges have together submitted to the National Development and Reform Commission accepted the task submission articles, and perform pre-feasibility study reports.
However, the ratio of the two sides of the joint venture, co-operation remains unclear.
Yan'an City, the Office of Development and Reform Commission, a person to the CBN, conveyed reporters: "The endeavour in assignment of the province, the region will be answered in New Chemical Yang Shu." According to public learning on the chemical zone will be one million tons of ethylene as a head, the erected plan of nine downstream chemical projects.
In supplement to Sinopec, PetroChina and CNOOC these three inside crosswise, the extension of the oil is the simply business with oil and gas exploration and expansion of provincial oil businesses qualified below the Shaanxi Provincial People's Government. 2008, finished sales of 62.2 billion yuan, profit 10 billion yuan, 78,000 population are employed.
The extension of oil in 1998 and has undergone couple disks of the 2005 reorganization of its core supplies are below the lengthened assembly Oilfield Company Limited (hereinafter referred to as "oil share"). It has been an noteworthy provincial Shaanxi many taxpayer. In 2007, the oil field stake 1.92 billion yuan tax.
Oil portions furthermore organised to continue the oil area has been the centered rate of the acquisition objectives. A source close to the largest grade in the oil assembly notified CBN Reporter: Many years before, China National Petroleum Corporation wants to win oil area assets, but a firm stand in Shaanxi Province, so incapable to do so.
"This collaboration expanded to open up the downstream oil enterprise will benefit." Yi Trade Advisory Network analyst, said Liu Chuan-jun.
Extension of the mining area there are a hundred years of mining history. A Sinopec's management is responsible for exploration and development told reporters that such a life of oil production can no longer easy to cut is inevitable. In addition, it belongs in the Ordos Basin, has been in the oil田长庆Spodiopogon oilfield, oil field it is impossible to extend the large-scale expansion outward.
To make up for short-board
Mining is one of the difficulties there are difficulties, low oil prices on corporate profits of crude oil demonstration has also brought challenges.
The company has disclosed, according to the reorganization of the local agreement was to extend the exploitation of oil per 1 ton of crude oil to about 550 local payment.
Yesterday, the domestic selling price of crude oil is about 47 U.S. dollars / barrel (about 2240 yuan / ton) to the price, 550 yuan / ton to extend the oil accounted for about one-quarter of oil revenue. Thus the lower oil prices, the revenues of the extension of the greater pressure.
Moreover, there is no extension of the oil filling stations, its subsidiary refinery demonstration of refined oil through the oil assembly to sell couple a year to sell the wrapped higher goods from fuel oil in come seal 1.1 million tons.
The role of these factors, the extension of the operation of the oil will face big challenges, and need to find new profit growth point.
General supervisor of the contrive to continue the oil-yiu have said that in 2009 the elongation of 300 billion yuan of oil, the oil investigation and development to be 10.4 billion, most of the residual pieces will be put on the chemical industry.
With the east and southerly China in dissimilar ethylene-intensive layout, Shaanxi, Shanxi and Gansu in Northwest China, with the exception of the Lanzhou Petrochemical Petroleum have 600,000 tons / year ethylene plant, there is none million tons of very many ethylene plant.
Whether or not the right time for ethylene production, the industry also has different points of view. China Petroleum and Chemical Industry Association, who said that our country may not be too much of the ethylene project approved, the project has been around a lot of projects. And the Middle East also made use of its cheap production costs to increase ethylene production, the global face of excess ethylene.
A long time, to extend the mining and refining of oil in the area is "one-man operations." In today's oil prices lower, its peak oil production period is over the situation with China National Petroleum Corporation will jointly make up the oil to extend the short-board, and its search for new profit growth point.
Development and Reform Commission has reported
According to reporter had an exclusive comprehending of the new vegetation will be established in Yan'an City, Shaanxi Province. Shaanxi Provincial Government and China National Petroleum Corporation has marked a prescribed collaboration affirmation, the two edges have together submitted to the National Development and Reform Commission accepted the task submission articles, and perform pre-feasibility study reports.
However, the ratio of the two sides of the joint venture, co-operation remains unclear.
Yan'an City, the Office of Development and Reform Commission, a person to the CBN, conveyed reporters: "The endeavour in assignment of the province, the region will be answered in New Chemical Yang Shu." According to public learning on the chemical zone will be one million tons of ethylene as a head, the erected plan of nine downstream chemical projects.
In supplement to Sinopec, PetroChina and CNOOC these three inside crosswise, the extension of the oil is the simply business with oil and gas exploration and expansion of provincial oil businesses qualified below the Shaanxi Provincial People's Government. 2008, finished sales of 62.2 billion yuan, profit 10 billion yuan, 78,000 population are employed.
The extension of oil in 1998 and has undergone couple disks of the 2005 reorganization of its core supplies are below the lengthened assembly Oilfield Company Limited (hereinafter referred to as "oil share"). It has been an noteworthy provincial Shaanxi many taxpayer. In 2007, the oil field stake 1.92 billion yuan tax.
Oil portions furthermore organised to continue the oil area has been the centered rate of the acquisition objectives. A source close to the largest grade in the oil assembly notified CBN Reporter: Many years before, China National Petroleum Corporation wants to win oil area assets, but a firm stand in Shaanxi Province, so incapable to do so.
"This collaboration expanded to open up the downstream oil enterprise will benefit." Yi Trade Advisory Network analyst, said Liu Chuan-jun.
Extension of the mining area there are a hundred years of mining history. A Sinopec's management is responsible for exploration and development told reporters that such a life of oil production can no longer easy to cut is inevitable. In addition, it belongs in the Ordos Basin, has been in the oil田长庆Spodiopogon oilfield, oil field it is impossible to extend the large-scale expansion outward.
To make up for short-board
Mining is one of the difficulties there are difficulties, low oil prices on corporate profits of crude oil demonstration has also brought challenges.
The company has disclosed, according to the reorganization of the local agreement was to extend the exploitation of oil per 1 ton of crude oil to about 550 local payment.
Yesterday, the domestic selling price of crude oil is about 47 U.S. dollars / barrel (about 2240 yuan / ton) to the price, 550 yuan / ton to extend the oil accounted for about one-quarter of oil revenue. Thus the lower oil prices, the revenues of the extension of the greater pressure.
Moreover, there is no extension of the oil filling stations, its subsidiary refinery demonstration of refined oil through the oil assembly to sell couple a year to sell the wrapped higher goods from fuel oil in come seal 1.1 million tons.
The role of these factors, the extension of the operation of the oil will face big challenges, and need to find new profit growth point.
General supervisor of the contrive to continue the oil-yiu have said that in 2009 the elongation of 300 billion yuan of oil, the oil investigation and development to be 10.4 billion, most of the residual pieces will be put on the chemical industry.
With the east and southerly China in dissimilar ethylene-intensive layout, Shaanxi, Shanxi and Gansu in Northwest China, with the exception of the Lanzhou Petrochemical Petroleum have 600,000 tons / year ethylene plant, there is none million tons of very many ethylene plant.
Whether or not the right time for ethylene production, the industry also has different points of view. China Petroleum and Chemical Industry Association, who said that our country may not be too much of the ethylene project approved, the project has been around a lot of projects. And the Middle East also made use of its cheap production costs to increase ethylene production, the global face of excess ethylene.
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