Friday, April 24, 2009

Challenge the couple giants China National Offshore Oil Corporation in May the main oil city of Guangdong

By Zou Frbiz

With CNOOC refinery in Huizhou in Guangdong in March and put into petrol and diesel wholesale markets in Guangdong two monsters is opposite a pattern of "Romance of the Three Kingdoms" pattern. Some traders from yesterday revealed that China National Offshore Oil Corporation has been to several personal positions and firm promise amidst the traders, from the starting of May, the capacity of oil will be completely guaranteed.

China National Offshore Oil Corporation (hereinafter referred to as China Sea oil) is one of the utmost national oil business, in assignment of foreign cooperation in China's waters and the exploitation of offshore oil and natural gas resources is China's utmost offshore oil and gas producers. As Guangdong smaller diagram fuel and diesel market, and its Huizhou refinery has been left into task by the end of March in the near future in Guangdong, China National Offshore Oil commercial sales compel, now has a small to many private filling stations to brokers or traders players the dissimilar kinds of commercial and undertaking from the innovation in May to promise the give of good feedback from the market, fuel and diesel market portion in Guangdong is in all prospect to expand.

Some traders said the adoption of power data bureau, the present CNOOC has made for example gas positions and wholesalers to double-check their monthly provide, and there have conveyed the aim of brokering an affirmation with CNOOC. Guangdong Province has a total of 12 foremost wholesalers with the marking of a initial affirmation, each describing to the China National Offshore Oil demand in the 5000-10000 tons / month bobbing around.

Quite several brokers and traders said that while the wholesale cost of CNOOC has not yet been finalized, but in Huizhou and Guangdong in periods of sales, contrasted with Sinopec and PetroChina, CNOOC's offer in general than Sinopec and China National Petroleum Corporation the two businesses a reduced 200 per / ton, but after those principles as a certain check of time, so CNOOC can not be low-cost benefits, but furthermore much of the well liked end-users and intermediaries.

Sinopec and China National Petroleum Corporation insiders said that CNOOC Huizhou refinery officially left into task, combined with a forceful sales network of upstream and downstream integration, Sinopec and China National Petroleum Corporation's wholesale sales contact the pressure of late.

According to statistics, Guangdong wholesale fuel and diesel appeal for come seal eight million tons / year, where CNOOC Huizhou refinery fuel and diesel demonstration virtually five million tons, even if the remaining 1 / 3 of come seal 1.7 million tons remain in the provinces of Guangdong, the couple competitions are signed higher to many businesses monopoly in the wholesale market, consequently "there is one-third of the world." Today's CNOOC in Guangdong small proportion retail filling stations, 80% -90% or more resources will flow into the wholesale market. - 22787

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