In the oil and gas market trough, nike air max 1 homme essential Daqing oilfield through the expansion of overseas markets “siege” ambitions gradually revealed.
In February 15th, the SASAC official website released the news show, PetroChina party relevant documents clearly put forward in 2030 and a longer period of time, Daqing oilfield to keep more than 40 million tons of oil equivalent sustainable development, Nike Roshe Run Femme overseas oil and gas equivalent to half of the country “”.

Daqing oil and gas equivalent has more than 40 million tons in 2015″. In Daqing oilfield, Air Jordan 2 Retro
the key lies in the long-term goal of overseas production promotion, and in total production without significantly improved the situation, the domestic production can hardly be avoided to compression.

In addition, Daqing oil fell sharply in 2015 performance experience, the rebirth of the old oil field has caused many industry attention problems. The overseas strategy of long-standing, in the international oil and gas market downturn, “going out” is listed as one of the important strategy, and is up to the oil group in height.

Dean of Xiamen University Institute of Chinese energy policy Lin Boqiang told the “daily economic news” reporter said, in the international oil prices back to temperature under the condition of Daqing oil field is facing more and more opportunities to go out, Mark Bavaro also need to make adequate preparations for the international market development.

Daqing oilfield overseas ambitions

In February 15th, the SASAC official website announced that in February 14th, Daqing oil export Canada 4 912 type oil pumping machine issued. The new year, Daqing oilfield vigorously expand overseas markets, overseas business plan clearly.

The news that the oil group in Daqing oilfield will rise to the development of overseas business group, the company’s overall strategic height. Daqing oilfield proposed overseas business establishment of “three step” development path. canada goose victoria parka At the end of last year in the oil group proposed “on the Daqing oilfield as example the construction of a hundred years oilfield opinions” pointed out that “a good scientific production benchmark, to 2030 or even a longer period of time, UGG Fox Fur Bottes Daqing oilfield maintained more than 40 million tons of oil equivalent sustainable development, overseas oil and gas equivalent to” half of the country “, the degree of internationalization a substantial increase.”

According to CNPC disclosure data show that in 2015, Daqing Changqing oil and gas equivalent yield were maintained at 50 million tons and 40 million tons.” In 2016, the oil interests of overseas oil and gas equivalent output of 76 million tons.

Public data shows, Burberry Sweat-shirt Daqing oilfield overseas oil and gas cooperation zone in Mongolia of China, Central Asia and the Asia Pacific region in three, output technology, equipment manufacturing and engineering construction; overseas non oil service area is concentrated in the Middle East and Africa in two regions, parajumpers masterpiece OWNER mainly in the output power technology equipment.

In early November 2016, PetroChina held a meeting in Beijing on the problem of sustainable development of Daqing oilfield and other areas. Timberland Roll-Top Bottes According to the oil official website news, Womens Air Jordan 3 Wang Yilin, PetroChina chairman at the meeting pointed out, to speed up the pace of “going out”, and actively explore overseas markets, and gradually put into the oil company,

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in 2016 February 2016, to accelerate the process of reform of state-owned enterprises, the SASAC issued as ten pilot reform in May 2016; the “central enterprises to deepen the reform of fitness and health work program” approved by the central enterprises require compression management; in August 2016 the SASAC issued “on the state-owned holding enterprises of mixed ownership of employee stock ownership

the opinion”, to carry out the pilot ESOP put forward clear requirements; October 2016 NDRC mix change “6+1″ pilot program, China Eastern Airlines Group, Malcolm Butler China Unicom Group, China Southern Power Grid, Harbin Power Group, China nuclear construction, Moncler Doudounes China ship and Zhejiang Province to become the first pilot object; in December 14, 2016 the central economic work conference pointed out that speeding up the seven industry mixed reform process. ADIDAS ZX 750 Intensive release of SOE reform policies in 2016, the framework of the reform of

state-owned enterprises basically set up to speed up the reform of state-owned enterprises, New Balance Pas Cher a good foundation for 2017 to implement the reform of state-owned enterprises. Chemical enterprise profitability, reform imminent The third quarter of 2016, Canada Goose Freestyle Gilet the state-owned enterprises in the chemical sector flat revenue and private enterprise, but net profit was only 1/3 private enterprises, Adidas Superstar Femme Portee poor overall profitability. In recent years, the ROE and the net profit margin, the state- owned enterprises are far behind the private enterprises. The chemical industry especially the traditional chemical industry, product maturity, the downstream market is single, intense competition in the market. The state-owned enterprises in the

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Shenzhen two city 2016 annual disclosure of earnings season curtain just start, part of the performance of listed companies. The first step to debut. Adidas Harden 2.5Pe According Zhengbao information statistics, as of February 14th, the Shanghai and Shenzhen two city has 153 listed companies to disclose the results of letters, of which 99 companies net profit attributable to shareholders of the parent company to achieve an increase of more than 60%, “good news”. From the distribution of the industry, bio pharmaceutical industry has disclosed the results of letters of 14 companies, net profit year-on-year growth of 12; chemical industry and electronic industry companies to disclose the results of letters were 12, 11, net profit year-on-year growth were 8, 10, and the industry company the performance increase is close to the front.

In the “good news” camp, a total of 26 companies net profit growth rate of more than 50%, 17 companies of the growth rate of more than 100%, of which net profit of Tiantan biological, FSL, emicon, HALS, Jiangsu Shentong, an increase of more than 200%. Specifically, Tiantan biological pharmaceutical and biotech companies led the performance increase list. Tiantan biological performance express, the company in 2016 net profit of 253 million yuan, an increase of 2439.55%. Tiantan biological said the results achieved substantial growth factors including main business income and net profit of blood products showed rapid growth, the company of a class of vaccine sales income increased, an improved loss etc.. Another pharmaceutical company is realcan pharmaceutical performance increase on top ten, net profit of 591 million yuan last year, an increase of 150.55%.

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September 7, 2017, the Ministry of Commerce of the People’s Republic of China for ethylene glycol butyl ether and other anti-dumping duties levy expired issues have been announced, according to “Anti-dumping Regulations of the People’s Republic of China” Article 48, anti- Tax expropriation period and the price of the implementation of the commitment period of not more than 5 years, but the review to determine the termination of the anti-dumping duties may lead to dumping and damage continue or re-occurrence of anti-dumping duties levy period can be extended. For ethylene glycol butyl ether, the expropriation of its anti-dumping duty expires on January 27, 2018, the Ministry of Commerce issued a notice on the ethylene glycol butyl ether market, what impact?

Year capacity production import volume export volume apparent consumption import dependence
2008 1 0.5 8.77 0.17 9.1 96.37%
2009 7 1 11.13 0.11 12.02 92.60%
2010 7 1 13.2 0.11 14.09 93.68%
2011 7 1.4 13.82 0.17 15.05 91.83%
2012 9 2 12.5 0.17 14.33 87.23%
2013 9 3 13.59 0.05 16.54 82.16%

First of all, we have to understand why the anti-dumping duties on ethylene glycol butyl ether products, according to statistics, before 2009, the domestic manufacturers of ethylene glycol butyl ether only Jiangsu Yida a production capacity of only 10,000 tons / year , The domestic demand for ethylene glycol butyl ether mostly rely on imports, although in 2009 Dana Tianyin production 60,000 tons of ethylene glycol butyl ether device and in 2011 expansion to 80,000 tons, but because of its just in the initial stage, Capacity utilization is low, far can not meet the huge domestic demand, from the table we can see that the domestic ethylene glycol butyl ether import demand in more than 90%, domestic enterprises struggling, in order to maintain their own survival, Other production enterprises in the United Nations formally filed suit against the United States and the EU imports of ethylene glycol and diethylene glycol monobutyl ether anti-dumping investigations. Announcement No.5, 2013 of the Ministry of Commerce of the People ‘s Republic of China, announces the final ruling on the anti – dumping investigation of monobutyl ether of imported ethylene and diethylene glycol originating in the United States and the European Union. Imported ethylene glycol and di There is a dumping of monobutyl ether in glycol, China’s domestic industry is subject to substantial damage, and there is a causal relationship between dumping and material damage. And decided from January 28, 2013 on the origin of the United States and the EU imports of ethylene glycol and diethylene glycol monobutyl ether levy anti-dumping duties.

Regional company anti – dumping tax rate
US Eastman Chemical Company 10.60%
Dow Chemical Company 14.10%
Yi Kesi Da Chemical Products Co., Ltd. 10.60%
Other US companies 14.10%
EU Sasso Germany limited liability company 10.80%
Sasol Solvents GmbH & Co. KG 10.80%
British Lee Chemical Lavala Co., Ltd. 9.30%
BASF Europe Inc. 18.80%
Other EU companies 10.80%

Year capacity production import volume export volume apparent consumption import dependence
2014 9 3.5 13.43 0.39 16.54 81.20%
2015 9 4.4 13.04 0.2 17.24 75.64%
2016 9 5 15.38 0.15 20.23 76.03%

After the imposition of anti-dumping, the source country can be seen, to some extent, still affected the proportion of imports from Europe and the United States, Germany, France fell significantly. While the South Korean supply because it is closer to our country, did not impose anti-dumping duties, in one fell swoop leapt to China’s second country of origin countries. Anti-dumping duties on the one hand increased the advantages of domestic supply price competition, on the other hand to a certain extent, also weakened Europe and the United States for the domestic market for glycol monopoly market monopoly (Malaysia Petrochemical before 2013 for the United States Dow Asia agent One of the factories), but based on the huge domestic demand, coupled with low domestic capacity utilization, domestic production is far from meeting the downstream demand, so failed to end the US import status, domestic ethylene glycol butyl ether market is still very competitive.

5 years of anti-dumping duties levy period is approaching, the domestic ethylene glycol butyl ether dependence on imports is still maintained at about 70%, production capacity is also maintained at about 90,000 tons, for the highly competitive ethylene glycol butyl ether market, business Department of the announcement, is undoubtedly an opportunity and challenge for domestic enterprises. In this vision, the collection of anti-dumping is nothing more than two results, one is not related to domestic enterprises, the end of five years of anti-dumping levy, then for Europe and the United States and other places will inevitably increase the import demand, domestic enterprises will survive More difficult. Another result is to continue to postpone the imposition of anti-dumping duties, this result must be Dana Tianyun think. Another 2017 global addition of ethylene glycol butyl ether production capacity of about 220,000 tons, for the new capacity of the consumer market is mostly Asia is the Chinese market, in the face of the impact of new sources of supply, national enterprises not only to move the law Weapons to safeguard their own interests, on the other hand should continue to improve the competitiveness of their products. For the Ministry of Commerce of the announcement, follow-up we will continue to pay attention.

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