Hand in hand to carry on the oil in the oil will be one million tons ethylene endeavour to install
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 continue the excavation and perfecting of oil in the locality is "one-man operations." In today's oil charges smaller, its top oil output time span is over the position with China National Petroleum Corporation will together make up the oil to continue the short-board, and its seek for new earnings development 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 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 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 couple disks of the 2005 reorganization of its core supplies are below the lengthened assembly Oilfield Company Limited (hereinafter referred to as "oil share"). It has been an noteworthy provincial Shaanxi many taxpayer. In 2007, the oil field stake 1.92 billion yuan tax.
Oil portions also treated to carry on the oil field has been the inside rate of the acquisition objectives. A lineage close to the highest crosswise in the oil assembly conveyed CBN Reporter: Many years ago, China National Petroleum Corporation hopes to win oil field supplies, but a stringent 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 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 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 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 elongation of the oil loading positions, its subsidiary refinery output of perfected oil through the oil assembly to deal two a year to deal the completed goods 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 manager of the plot to extend the oil-yiu have said that in 2009 the extension of 300 billion yuan of oil, the oil exploration and development to be 10.4 billion, most of the remaining items will be placed on the chemical industry.
With the east and south China in different 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 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. - 21396
A long time, to continue the excavation and perfecting of oil in the locality is "one-man operations." In today's oil charges smaller, its top oil output time span is over the position with China National Petroleum Corporation will together make up the oil to continue the short-board, and its seek for new earnings development 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 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 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 couple disks of the 2005 reorganization of its core supplies are below the lengthened assembly Oilfield Company Limited (hereinafter referred to as "oil share"). It has been an noteworthy provincial Shaanxi many taxpayer. In 2007, the oil field stake 1.92 billion yuan tax.
Oil portions also treated to carry on the oil field has been the inside rate of the acquisition objectives. A lineage close to the highest crosswise in the oil assembly conveyed CBN Reporter: Many years ago, China National Petroleum Corporation hopes to win oil field supplies, but a stringent 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 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 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 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 elongation of the oil loading positions, its subsidiary refinery output of perfected oil through the oil assembly to deal two a year to deal the completed goods 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 manager of the plot to extend the oil-yiu have said that in 2009 the extension of 300 billion yuan of oil, the oil exploration and development to be 10.4 billion, most of the remaining items will be placed on the chemical industry.
With the east and south China in different 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 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. - 21396
posted by X - Men @ 12:22 AM
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