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The domestic refined oil market will change the pattern of centralized wholesale and refined oil products of the two major CNPC and Sinopec groups.
In the five years since China joined the World Trade Organization, the petrochemicals market has gradually moved toward the “post-distribution era†of complete competition. People in the industry believe that China's refined oil market will gradually form a situation in which large state-owned oil companies, multinational oil companies, and social management units will participate in the operation.
China’s accession to the World Trade Organization has brought a series of changes to the domestic oil and chemical industry. Apart from tariff reductions, abolition of quotas, and liberalization of imports, the biggest change is the liberalization of the “distribution businessâ€. In the past five years, China's wholesale and retail business of crude oil, refined oil, pesticides, agricultural plastics, and chemical fertilizers has been opened to foreign investors step by step, and the domestic petroleum and chemical markets have also entered the “post-distribution era†of complete competition.
According to the WTO commitments, on January 1, 2007, the wholesale business of crude oil and refined oil was officially released. After the refined oil wholesale business is liberalized, the domestic distribution sector will face strong competition from international distribution companies. China's distribution companies, which are in the process of institutional transformation, will be affected by foreign capital to varying degrees.
The reporter learned that in the first month of the opening of the refined oil wholesale business, the import of refined oil through the port of Guangdong has instead risen instead of rise. According to statistics from Guangzhou Customs, in January 2007, 641,000 tons of refined oil was imported via the Guangdong port, worth US$260 million, which was a substantial drop of 53% and 46.3% respectively from the same period of last year (the same below). There have been four consecutive imports of refined oil through the Guangdong port. The sharp drop in the month. Among them, the most important type of fuel oil imported from No. 5-7 was 436,000 tons, worth US$130 million, which dropped sharply by 63.7% and 67.2% respectively.
In January of this year, despite the decrease in the quantity of refined oil imported through the Guangdong port, the import volume of foreign-invested enterprises showed a substantial increase. A total of 228,000 tons of refined oil was imported, worth US$120 million, which has grown 91.6% and 1.3 times respectively. Surpassing state-owned enterprises has become the largest importer of refined oil through the Guangdong port.
Industry insiders believe that the “post-distribution era†foreign-funded distribution companies will develop rapidly throughout the country within a year or two. The domestic refined oil market will change the existing pattern of centralized wholesale and refined oil products from the two major CNPC and Sinopec groups, and the refined oil market in China will gradually form. The state-owned large oil companies, multinational oil companies, and social management units are participating in the operation.
In the five years since China joined the World Trade Organization, the petrochemicals market has gradually moved toward the “post-distribution era†of complete competition. People in the industry believe that China's refined oil market will gradually form a situation in which large state-owned oil companies, multinational oil companies, and social management units will participate in the operation.
China’s accession to the World Trade Organization has brought a series of changes to the domestic oil and chemical industry. Apart from tariff reductions, abolition of quotas, and liberalization of imports, the biggest change is the liberalization of the “distribution businessâ€. In the past five years, China's wholesale and retail business of crude oil, refined oil, pesticides, agricultural plastics, and chemical fertilizers has been opened to foreign investors step by step, and the domestic petroleum and chemical markets have also entered the “post-distribution era†of complete competition.
According to the WTO commitments, on January 1, 2007, the wholesale business of crude oil and refined oil was officially released. After the refined oil wholesale business is liberalized, the domestic distribution sector will face strong competition from international distribution companies. China's distribution companies, which are in the process of institutional transformation, will be affected by foreign capital to varying degrees.
The reporter learned that in the first month of the opening of the refined oil wholesale business, the import of refined oil through the port of Guangdong has instead risen instead of rise. According to statistics from Guangzhou Customs, in January 2007, 641,000 tons of refined oil was imported via the Guangdong port, worth US$260 million, which was a substantial drop of 53% and 46.3% respectively from the same period of last year (the same below). There have been four consecutive imports of refined oil through the Guangdong port. The sharp drop in the month. Among them, the most important type of fuel oil imported from No. 5-7 was 436,000 tons, worth US$130 million, which dropped sharply by 63.7% and 67.2% respectively.
In January of this year, despite the decrease in the quantity of refined oil imported through the Guangdong port, the import volume of foreign-invested enterprises showed a substantial increase. A total of 228,000 tons of refined oil was imported, worth US$120 million, which has grown 91.6% and 1.3 times respectively. Surpassing state-owned enterprises has become the largest importer of refined oil through the Guangdong port.
Industry insiders believe that the “post-distribution era†foreign-funded distribution companies will develop rapidly throughout the country within a year or two. The domestic refined oil market will change the existing pattern of centralized wholesale and refined oil products from the two major CNPC and Sinopec groups, and the refined oil market in China will gradually form. The state-owned large oil companies, multinational oil companies, and social management units are participating in the operation.
The Headset is the set of components on a bicycle that provides a rotatable interface between the Bicycle Fork and the head tube of the Bicycle Frame itself. The short tube through which the steerer of the fork passes is called the head tube. A typical headset consists of two cups that are pressed into the top and bottom of the headtube. Inside the two cups are bearings which provide a low friction contact between the bearing cup and the steerer.
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