Falling oil prices and the obvious contradiction between supply and demand become the epitome of the oil industry in 2015. A few days ago, after Opec decided not to cut production, international oil prices have plunged. , meanwhile, represented by "three barrels of oil" in China's oil giant also conducted a round of big reshuffle, from "three barrels of oil" collective may change to petrochina announced recently integration as well as the reform of the oil and gas, natural gas pipeline business plan submitted to the state council, the industry believes that with the reform of state-owned enterprises and the upcoming "much starker choices-and graver consequences-in" the implementation of the reform of the oil and gas, the domestic oil industry is expected to achieve the overall market change.
Pressure declines under reform
In the case of oil prices continued to fall, the domestic oil industry representatives of "three barrels of oil" in the 2015 years ago in the third quarter earnings decline situation. Data show that the oil in the first three quarters of revenue of 1.3051 trillion yuan, down 25.6% from a year earlier, belonging to the parent company shareholders net income of 30.59 billion yuan, down 68.1% from a year earlier. Sinopec in the first three quarters of revenue of 1.53683 trillion yuan, down 27.36% from a year earlier, belonging to the parent company net profit of 25.84 billion yuan, down 49.49% from a year earlier. In addition, cnooc's performance, according to a report in the first three quarters of revenue of 116.74 billion yuan, down 33.4% year-on-year.
The industry believes that in the first three quarters of this year the price of crude oil and refined oil prices down is the main cause of oil decline in corporate performance. Data shows, in early December, Opec announced after production, international oil prices have plunged, fell below $70 a barrel for the first time in four years after the important mark, continue to deep down, and fell to below $67 a barrel, and become the lowest level since September 2009. And for the "three barrels of oil", a large impact on the performance of the learned, the upstream areas of exploration and development has been the "three barrels of oil" important source of contributions.
Policy boost market change
In addition to the oil companies own innovation, countries have to blowing the horns of marketization reform in oil industry, the first round of the measure is to change "three barrels of oil."
In may this year, "three barrels of oil" website released the news of the personnel changes, respectively, wang yilin, chairman of the board of the President of China national petroleum corporation, party secretary. Yu-pu wang of China petrochemical group company chairman, party secretary; Yang Huaren cnooc chairman, party secretary, was relieved from the general manager.
The personage inside course of study says, removal of high pressure under the anti-corruption personnel instability factors, the reform of state-owned enterprises are accelerating the collective "three barrels of oil" the main reason for the change. In addition, according to xinhua, the state development and reform commission spokesman ShiZiHai December 11, said the oil and gas industry reform plan has been submitted to the state council, it is worth noting that the "three barrels of oil" has been ramping up their industry reform.
In petrochina, for example, the data shows, on November 25, petrochina announced that the approval of company, a subsidiary of CNPC exploration development co., LTD. Of central Asian gas pipeline co., LTD., an internal restructuring, and through CNPC exploration tape, natural gas pipeline co., LTD. Is a wholly owned subsidiary tianjin sell complete internal restructuring after the tape, held in tianjin pipe company's 50% stake to central Asian countries new international investment co., LTD., controlled loose holding co., LTD.
Xiamen university boqiang Lin, director of the center for energy economics and energy policy coordination innovation thought, petrochina gradual stripping gas pipeline in line with national oil and gas in the direction of reform. The personage inside course of study, also said it is national oil and gas oil in practice, one small step for a reform plan, as to the opening and reform of state-owned enterprises can speed up "much starker choices-and graver consequences-in", the future will have more action.
Industry fully transition to market-oriented
The personage inside course of study says, petrochina has a series of actions also shows the direction of reform in the oil industry, namely, achieve comprehensive market-oriented industry.
Data show that has been submitted to the state council of the overall scheme of reform of oil and gas system is expected to ease market access, and full of oil and gas industry chain core content to let go of the upstream, pipe separation and price mechanism reform. "Much starker choices-and graver consequences-in" period, the oil and gas industry in the middle and lower reaches of the main link will be market-oriented reform, the final formation of market-oriented pricing mechanism.
Boqiang Lin also said that a long time, the oil and gas industry in the upstream and the pipeline segment was monopolized by the "three barrels of oil", realize the oil industry's overall market, these links must be change. "Oil and gas exploration and development of qualification conditions are expected to ease, mine plans to implement bidding system, from the application prior to competitive transfer, oil and gas exploration right exit mechanism strictly, build system of mining right circulation and the reserves of oil and gas transfer, maximize market competitiveness, and other private enterprises to make markets more reflect market prices, for better resource allocation." '.
In addition, the China international economic and exchange center guest, researchers said van will oil and gas industry reform is to never completely market to the marketization of industry chain, industry chain to establish a fair, open and orderly competition, market decisive role in the allocation of oil and gas resources in the modern market system of oil and gas, constantly improve the guarantee ability of oil and gas, to speed up the pace of energy generational shift. "China's oil and gas industry has chosen the integration of upstream and downstream of the national companies operating mode, has played a positive role to the rapid increase of oil and gas enterprise scale. But a few business of upstream and downstream integration also distort the market price and supply and demand, become the sharpening contradictions between the supply and demand of oil and gas and the main reason for the high prices." Van will say.