Hand in hand to extend the oil in the oil will be one million tons ethylene project to establish
View PDF | Print View
by: Zou
Total views: 16
Word Count: 822
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 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 two edges of the junction project, co-operation continues 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 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 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 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 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 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.
About the Author
Resource from Apparel & Fashion,you could find many cheap .
Rating: Not yet rated
