Following the fourth quarter of last year, Sinopec and other companies commissioned local refineries in Shandong Province to process refined oil, and subsequently bought back gasoline and diesel, the current commissioning behavior continues.
Yesterday, Liu Aiying, chairman of the Shandong Petrochemical Industry Association, disclosed the news to the “First Financial Daily†when participating in the “China Petroleum Market Summitâ€.
Liu Aiying told the "First Financial Daily" that the current Sinopec Group's commission is about 2,000 yuan / ton, "In other words, Sinopec to the other side of the crude oil price is 6,500 yuan / ton, the purchase price of gasoline and diesel is 8,500 yuan / "Tang." In the second half of last year, there was a tight supply of refined oil in some places, but there was no "oil shortage" in Shandong due to local refineries.
From May to June this year, this problem has also occurred in Shandong. Therefore, even though commissioning of gasoline and diesel was interrupted in the fourth quarter of last year, it has recently begun to continue the commissioning activities.
Liu Aiying told reporters: “In the second quarter of this year, Sinopec commissioned approximately 700,000 tons of crude oil. In July, Sinopec’s total entrusted volume was approximately 1.05 million tons. In August, it processed approximately 500,000 tons. PetroChina also has several hundred thousand tons. The amount of commission."
Although this commission is not much more than the total amount of crude oil processed by local refineries in Shandong, it is already quite good for local refineries.
Before 2000, when China did not clean up and reorganize oil refining companies, there were 40 local oil refinery companies in Shandong Province. The number of the country's total was approximately 200; after the rectification was completed, the original 200 national local oil refining enterprises were reduced to 82 companies. , Shandong has retained 21 of them locally. “Our local companies cherish this opportunity very much. Therefore, we are improving our refining equipment and training our oil refining personnel on a large scale.â€
At present, the total processing capacity of local refineries in Shandong can reach 45 million tons/year, and the processing volumes in 2006 and 2007 are 21 million tons and 23 million tons respectively, which is estimated to be the same as last year. "This kind of processing is very low."
She said that while the country allocates less than 2 million tons of crude oil to local refineries each year, "therefore, a small part of the raw materials for local refineries come from crude oil, and most of the raw materials are imported fuel oil."
Liu Aiying also told reporters that CNOOC may sign cooperation agreements with two local companies in Shandong.
In January of this year, CNOOC, Shandong Province, and Dongying City signed a strategic cooperation framework agreement, in which it was explicitly mentioned that the two parties will carry out in-depth cooperation in the integration of local oil refining companies.
However, there are currently two companies with relatively fast progress. “The two companies are respectively Shida Technology and Shandong Hengyuan, but it is not yet possible to say whether they can succeed in cooperation.†Liu Aiying told reporters that the total refinery capacity of the two refineries is approximately More than 4 million tons/year.
Companies that CNOOC has successfully acquired and joint ventures include China Shipping Asphalt Co., Ltd., CNOOC Daxie Petrochemical Co., Ltd., and China National Offshore Oil and Gas (Taizhou) Co., Ltd., with a total refining and chemical capacity of 10.7 million tons/year.
“But there are some companies that have not negotiated with the company. Some companies that have talked about cooperation have already been terminated. The interests of the two parties cannot be agreed.†said a person from the marketing department of a refinery company under the CNOOC Group.
Yesterday, Liu Aiying, chairman of the Shandong Petrochemical Industry Association, disclosed the news to the “First Financial Daily†when participating in the “China Petroleum Market Summitâ€.
Liu Aiying told the "First Financial Daily" that the current Sinopec Group's commission is about 2,000 yuan / ton, "In other words, Sinopec to the other side of the crude oil price is 6,500 yuan / ton, the purchase price of gasoline and diesel is 8,500 yuan / "Tang." In the second half of last year, there was a tight supply of refined oil in some places, but there was no "oil shortage" in Shandong due to local refineries.
From May to June this year, this problem has also occurred in Shandong. Therefore, even though commissioning of gasoline and diesel was interrupted in the fourth quarter of last year, it has recently begun to continue the commissioning activities.
Liu Aiying told reporters: “In the second quarter of this year, Sinopec commissioned approximately 700,000 tons of crude oil. In July, Sinopec’s total entrusted volume was approximately 1.05 million tons. In August, it processed approximately 500,000 tons. PetroChina also has several hundred thousand tons. The amount of commission."
Although this commission is not much more than the total amount of crude oil processed by local refineries in Shandong, it is already quite good for local refineries.
Before 2000, when China did not clean up and reorganize oil refining companies, there were 40 local oil refinery companies in Shandong Province. The number of the country's total was approximately 200; after the rectification was completed, the original 200 national local oil refining enterprises were reduced to 82 companies. , Shandong has retained 21 of them locally. “Our local companies cherish this opportunity very much. Therefore, we are improving our refining equipment and training our oil refining personnel on a large scale.â€
At present, the total processing capacity of local refineries in Shandong can reach 45 million tons/year, and the processing volumes in 2006 and 2007 are 21 million tons and 23 million tons respectively, which is estimated to be the same as last year. "This kind of processing is very low."
She said that while the country allocates less than 2 million tons of crude oil to local refineries each year, "therefore, a small part of the raw materials for local refineries come from crude oil, and most of the raw materials are imported fuel oil."
Liu Aiying also told reporters that CNOOC may sign cooperation agreements with two local companies in Shandong.
In January of this year, CNOOC, Shandong Province, and Dongying City signed a strategic cooperation framework agreement, in which it was explicitly mentioned that the two parties will carry out in-depth cooperation in the integration of local oil refining companies.
However, there are currently two companies with relatively fast progress. “The two companies are respectively Shida Technology and Shandong Hengyuan, but it is not yet possible to say whether they can succeed in cooperation.†Liu Aiying told reporters that the total refinery capacity of the two refineries is approximately More than 4 million tons/year.
Companies that CNOOC has successfully acquired and joint ventures include China Shipping Asphalt Co., Ltd., CNOOC Daxie Petrochemical Co., Ltd., and China National Offshore Oil and Gas (Taizhou) Co., Ltd., with a total refining and chemical capacity of 10.7 million tons/year.
“But there are some companies that have not negotiated with the company. Some companies that have talked about cooperation have already been terminated. The interests of the two parties cannot be agreed.†said a person from the marketing department of a refinery company under the CNOOC Group.
Fenghua Jade Motor Co., Ltd. , http://www.chinacoolingtower.com