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 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 described
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 individual to the CBN, notified reporters: "The task in ascribe of the province, the district will be resolved in New Chemical Yang Shu." According to public data on the chemical zone will be one million tons of ethylene as a foremost, the building 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 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 shares also managed to extend the oil field has been the central rate of the acquisition objectives. A source close to the highest level in the oil group told CBN Reporter: Many years ago, China National Petroleum Corporation hopes to win oil field assets, but a firm stand in Shaanxi Province, so unable 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 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 generate higher for short-board
Mining is one of the difficulties there are difficulties, reduced oil charges on business earnings of crude oil output has furthermore conveyed challenges.
The business has revealed, as asserted by the reorganization of the localized affirmation was to continue the exploitation of oil per 1 ton of crude oil to about 550 localized 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 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 output, the commerce furthermore has distinct points of view. China Petroleum and Chemical Industry Association, who said that our homeland may not be too much of the ethylene task accepted, the task has been round many of projects. And the Middle East furthermore made use of its bargain output charges to boost ethylene output, the international face of surplus ethylene. - 18780
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 described
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 individual to the CBN, notified reporters: "The task in ascribe of the province, the district will be resolved in New Chemical Yang Shu." According to public data on the chemical zone will be one million tons of ethylene as a foremost, the building 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 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 shares also managed to extend the oil field has been the central rate of the acquisition objectives. A source close to the highest level in the oil group told CBN Reporter: Many years ago, China National Petroleum Corporation hopes to win oil field assets, but a firm stand in Shaanxi Province, so unable 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 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 generate higher for short-board
Mining is one of the difficulties there are difficulties, reduced oil charges on business earnings of crude oil output has furthermore conveyed challenges.
The business has revealed, as asserted by the reorganization of the localized affirmation was to continue the exploitation of oil per 1 ton of crude oil to about 550 localized 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 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 output, the commerce furthermore has distinct points of view. China Petroleum and Chemical Industry Association, who said that our homeland may not be too much of the ethylene task accepted, the task has been round many of projects. And the Middle East furthermore made use of its bargain output charges to boost ethylene output, the international face of surplus ethylene. - 18780
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