Hand in hand to extend the oil in the oil will be one million tons ethylene project to establish
China's biggest oil business in Shaanxi Province where the elongation of the oil (Group) Co., Ltd. (hereinafter mentioned to as "the elongation of the oil"), will hand in the oil assembly to construct a scale of one million tons of ethylene vegetation with a total buying into of 23 billion yuan is anticipated 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 couple sides of the business, co-operation stays unclear.
Yan'an City, the Office of Development and Reform Commission, a person to the CBN, told reporters: "The project in charge of the province, the region will be settled in New Chemical Yang Shu." According to public information on the chemical zone will be one million tons of ethylene as a leader, the construction of nine downstream chemical projects.
In supplement to Sinopec, PetroChina and CNOOC these three centered grade, the elongation of the oil is the only business with oil and gas investigation and development of localized oil businesses trained under the Shaanxi Provincial People's Government. 2008, accomplished sales of 62.2 billion yuan, earnings 10 billion yuan, 78,000 persons are employed.
The elongation of oil in 1998 and has undergone two rounds of the 2005 reorganization of its centre assets are under the expanded assembly Oilfield Company Limited (hereinafter mentioned to as "oil share"). It has been an significant localized Shaanxi large taxpayer. In 2007, the oil area 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 cooperation extended to open up the downstream oil business will benefit." Yi Trade Advisory Network analyst, said Liu Chuan-jun.
Extension of the excavation locality there are a century years of excavation history. A Sinopec's administration is to blame for investigation and development notified reporters that such a life of oil output can no longer very easy to slash is inevitable. In supplement, it pertains in the Ordos Basin, has been in the oil田长庆Spodiopogon oilfield, oil area it is unrealistic to continue 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 production of refined oil through the oil group to sell two a year to sell the finished products from fuel oil in about 1.1 million tons.
The role of these factors, the extension of the task of the oil will face high competitions, and deficiency to pinpoint novel profit growth point.
General overseer of the plot to carry on the oil-yiu have said that in 2009 the extension of 300 billion yuan of oil, the oil exploration and expansion to be 10.4 billion, bulk of the remaining portions will be placed on the chemical industry.
With the east and south China in distinct ethylene-intensive layout, Shaanxi, Shanxi and Gansu in Northwest China, with the exclusion of the Lanzhou Petrochemical Petroleum have 600,000 tons / year ethylene vegetation, there is no one million tons of large-scale ethylene plant.
Whether or not the right time for ethylene demonstration, the industry also has dissimilar points of view. China Petroleum and Chemical Industry Association, any person who said that our countryside may not be too much of the ethylene endeavour sanctioned, the endeavour has been round object a lot of projects. And the Middle East also organised exercise of its low-cost demonstration expenditures to enhance ethylene demonstration, the global face of excess ethylene. - 18758
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 couple sides of the business, co-operation stays unclear.
Yan'an City, the Office of Development and Reform Commission, a person to the CBN, told reporters: "The project in charge of the province, the region will be settled in New Chemical Yang Shu." According to public information on the chemical zone will be one million tons of ethylene as a leader, the construction of nine downstream chemical projects.
In supplement to Sinopec, PetroChina and CNOOC these three centered grade, the elongation of the oil is the only business with oil and gas investigation and development of localized oil businesses trained under the Shaanxi Provincial People's Government. 2008, accomplished sales of 62.2 billion yuan, earnings 10 billion yuan, 78,000 persons are employed.
The elongation of oil in 1998 and has undergone two rounds of the 2005 reorganization of its centre assets are under the expanded assembly Oilfield Company Limited (hereinafter mentioned to as "oil share"). It has been an significant localized Shaanxi large taxpayer. In 2007, the oil area 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 cooperation extended to open up the downstream oil business will benefit." Yi Trade Advisory Network analyst, said Liu Chuan-jun.
Extension of the excavation locality there are a century years of excavation history. A Sinopec's administration is to blame for investigation and development notified reporters that such a life of oil output can no longer very easy to slash is inevitable. In supplement, it pertains in the Ordos Basin, has been in the oil田长庆Spodiopogon oilfield, oil area it is unrealistic to continue 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 production of refined oil through the oil group to sell two a year to sell the finished products from fuel oil in about 1.1 million tons.
The role of these factors, the extension of the task of the oil will face high competitions, and deficiency to pinpoint novel profit growth point.
General overseer of the plot to carry on the oil-yiu have said that in 2009 the extension of 300 billion yuan of oil, the oil exploration and expansion to be 10.4 billion, bulk of the remaining portions will be placed on the chemical industry.
With the east and south China in distinct ethylene-intensive layout, Shaanxi, Shanxi and Gansu in Northwest China, with the exclusion of the Lanzhou Petrochemical Petroleum have 600,000 tons / year ethylene vegetation, there is no one million tons of large-scale ethylene plant.
Whether or not the right time for ethylene demonstration, the industry also has dissimilar points of view. China Petroleum and Chemical Industry Association, any person who said that our countryside may not be too much of the ethylene endeavour sanctioned, the endeavour has been round object a lot of projects. And the Middle East also organised exercise of its low-cost demonstration expenditures to enhance ethylene demonstration, the global face of excess ethylene. - 18758
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