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 reported
According to reporter had an exclusive understanding of the new plant will be located in Yan'an City, Shaanxi Province. Shaanxi Provincial Government and China National Petroleum Corporation has signed a formal cooperation agreement, the two sides have jointly submitted to the National Development and Reform Commission approved the project application documents, and conduct pre-feasibility study reports.
However, the ratio of the two edges of the junction project, co-operation continues 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 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 extension of oil in 1998 and has undergone two rounds of the 2005 reorganization of its core assets are under the extended group Oilfield Company Limited (hereinafter referred to as "oil share"). It has been an important local Shaanxi large taxpayer. In 2007, the oil field 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 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 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 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 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 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. - 18418
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 reporter had an exclusive understanding of the new plant will be located in Yan'an City, Shaanxi Province. Shaanxi Provincial Government and China National Petroleum Corporation has signed a formal cooperation agreement, the two sides have jointly submitted to the National Development and Reform Commission approved the project application documents, and conduct pre-feasibility study reports.
However, the ratio of the two edges of the junction project, co-operation continues 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 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 extension of oil in 1998 and has undergone two rounds of the 2005 reorganization of its core assets are under the extended group Oilfield Company Limited (hereinafter referred to as "oil share"). It has been an important local Shaanxi large taxpayer. In 2007, the oil field 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 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 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 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 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 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. - 18418
posted by X - Men at
1:33 AM
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home