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 prolonged time, to carry on the mining and refining of oil in the paddock is "one-man operations." In today's oil prices smaller, its apex oil demonstration time span is through the circumstances with China National Petroleum Corporation will jointly generate higher the oil to carry on the short-board, and its track down for novel profit growth point.
Development and Reform Commission has reported
According to writer had an sole grasp of the novel plant will be positioned in Yan'an City, Shaanxi Province. Shaanxi Provincial Government and China National Petroleum Corporation has signalled a formal cooperation harmony, the couple sides have jointly yielded to the National Development and Reform Commission sanctioned the endeavour submission records, and conduct pre-feasibility examine 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 addition to Sinopec, PetroChina and CNOOC these three central level, the extension of the oil is the only company with oil and gas exploration and development of local oil companies qualified under the Shaanxi Provincial People's Government. 2008, completed sales of 62.2 billion yuan, profit 10 billion yuan, 78,000 people 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 lengthened to free-spoken higher the downstream oil finance will benefit." Yi Trade Advisory Network analyst, said Liu Chuan-jun.
Extension of the mining paddock there are a hundred years of mining history. A Sinopec's authorities is responsible for exploration and expansion conveyed writers that such a life of oil demonstration can no longer straightforward to cut is inevitable. In supplement, it belongs in the Ordos Basin, has been in the oil田长庆Spodiopogon oilfield, oil field it is despairing to carry on the very many deductions outward.
To make up for short-board
Mining is one of the problems there are problems, low oil prices on corporate income of crude oil production has also brought challenges.
The business has uncovered, according to the reorganization of the provincial harmony was to carry on the exploitation of oil per 1 ton of crude oil to come seal 550 provincial payment.
Yesterday, the household trading cost of crude oil is about 47 U.S. dollars / barrel (about 2240 yuan / ton) to the cost, 550 yuan / ton to continue the oil accounted for about one-quarter of oil revenue. Thus the smaller oil charges, the incomes of the elongation of the larger 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 task of the oil will face high competitions, and deficiency to pinpoint novel 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 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. - 20605
A prolonged time, to carry on the mining and refining of oil in the paddock is "one-man operations." In today's oil prices smaller, its apex oil demonstration time span is through the circumstances with China National Petroleum Corporation will jointly generate higher the oil to carry on the short-board, and its track down for novel profit growth point.
Development and Reform Commission has reported
According to writer had an sole grasp of the novel plant will be positioned in Yan'an City, Shaanxi Province. Shaanxi Provincial Government and China National Petroleum Corporation has signalled a formal cooperation harmony, the couple sides have jointly yielded to the National Development and Reform Commission sanctioned the endeavour submission records, and conduct pre-feasibility examine 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 addition to Sinopec, PetroChina and CNOOC these three central level, the extension of the oil is the only company with oil and gas exploration and development of local oil companies qualified under the Shaanxi Provincial People's Government. 2008, completed sales of 62.2 billion yuan, profit 10 billion yuan, 78,000 people 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 lengthened to free-spoken higher the downstream oil finance will benefit." Yi Trade Advisory Network analyst, said Liu Chuan-jun.
Extension of the mining paddock there are a hundred years of mining history. A Sinopec's authorities is responsible for exploration and expansion conveyed writers that such a life of oil demonstration can no longer straightforward to cut is inevitable. In supplement, it belongs in the Ordos Basin, has been in the oil田长庆Spodiopogon oilfield, oil field it is despairing to carry on the very many deductions outward.
To make up for short-board
Mining is one of the problems there are problems, low oil prices on corporate income of crude oil production has also brought challenges.
The business has uncovered, according to the reorganization of the provincial harmony was to carry on the exploitation of oil per 1 ton of crude oil to come seal 550 provincial payment.
Yesterday, the household trading cost of crude oil is about 47 U.S. dollars / barrel (about 2240 yuan / ton) to the cost, 550 yuan / ton to continue the oil accounted for about one-quarter of oil revenue. Thus the smaller oil charges, the incomes of the elongation of the larger 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 task of the oil will face high competitions, and deficiency to pinpoint novel 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 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. - 20605
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