With the collective change of coaches of the three major oil companies, the reform of oil and natural gas has been carried out in an orderly manner, and it has entered a “confusing periodâ€. In what way will private capital participate in the petroleum and petrochemical systems, and oil and gas to be launched at the end of the year? I saw it in the reform plan.
When the reporter of China Business News interviewed the oil central enterprises, they learned that the participation of private capital in oil exploitation is not the mainstream of reform, and that central enterprises promote the listing of subordinate enterprises, which is the overall direction for their own reform.
The most important thing for the private capital to enter the upstream is that "the central enterprises are not short of money. Why must we introduce private capital?"
"Let the private capital go upstream, they will not come by themselves." A person from the central enterprise oil company told reporters that "the upstream risk is the biggest, so it is meaningless to open up the upstream of private capital."
According to media reports, the new round of oil and gas reform ideas involves market access and price liberalization in all areas of oil and gas in the middle and lower reaches, including the removal of various implicit policy access barriers and regulatory barriers, allowing for capital of various natures and Enterprises enter, accompanied by the spin-off and restructuring of major oil companies in different fields, and the transformation of business management mechanisms and other reforms, in order to create conditions for the full introduction of competition in the entire energy industry.
"It is meaningful to open up the upstream to the private capital, and it can be counted as an account." The aforementioned oil companies said, "It is now 40 million to 100 million yuan to open an oil well in the western region."
"But there are a lot of risks, such as driving to dry wells (wells without oil production), and there is no return."
The person calculated, "At present, the oil wells in the west are all over 6,000 meters, the cost is getting higher and higher, basically encountering two dry wells, the private enterprises have already closed down, and the money invested is not rewarded at all."
Figures show that there are currently more than 400 oil blocks in China that are monopolized by PetroChina, Sinopec and CNOOC.
The Ministry of Land and Resources has also discussed the issue of liberalizing the upstream of oil and gas reform.
"We have also discussed whether it is for the private capital to enter the upstream, but the discussion will not continue." The Ministry of Land and Resources told reporters that "the resistance encountered is relatively large."
"However, the overall direction of the future is still to be liberalized." The person also asked, "You said that it is meaningful to let several Jiangsu and Zhejiang enterprises and businessmen enter the upstream, and they cannot control and have no decision-making power."
The most important thing is, "The central enterprises are not short of money. Why must we introduce private capital?" Therefore, the central enterprises and policy-making departments are not enthusiastic about the liberalization of private capital into the upstream.
In actual operation, private enterprises have indeed encountered a lot of resistance.
"We want to explore the resources and reserves of a block of oil. Even the development of this block must cooperate with the central enterprises. However, in a recent cooperation project in the south, it is found that cooperation with central enterprises is very difficult." The manager said.
First of all, the manager of the company has contacted PetroChina, and the other party has not refused to be a manager. However, “PetroChina has put forward very harsh conditions for cooperation,†said the manager.
"Contract samples show that the project management of the exploration and development oilfields is fully under the responsibility of PetroChina. The crude oil produced in the future oilfields will also be dominated and sold by PetroChina." The manager said, "This shows that PetroChina has to be fully controlled."
The terms of cooperation also include, “If the crude oil is mined smoothly, the revenue can only be paid after the cost is recovered.â€
"Conditions also have PetroChina must be a major shareholder, occupying more than 51% of the shares. In addition, in the financial management and the board of directors, PetroChina has absolute rights."
In this kind of cooperation, private enterprises almost become "only investors who are saving money, oilfield project management, private enterprises are not allowed to participate, which makes the entire development and operation costs unmonitored, and their own money is completely in the pockets of others. ", the manager said.
Central enterprises promote the listing of subordinate enterprises According to informed sources, both PetroChina and Sinopec have their own reform plans. The core idea is to “promote the listing of subordinate enterprises and protect the appreciation of enterprises in the capital market.â€
"From the stock market level, when several major oil companies are listed, they are already mixed ownership." The aforementioned Ministry of Land and Resources said, "especially overseas listed companies."
In addition, the issue of the reform of the pipe network split and the reform, the person from the energy central enterprises said, "I have not heard of it now, the pipe network has been independently accounted for, there is no need to split."
In addition, the person suggested that “the explosion of the natural gas pipeline in Qingdao has already shown that the management of the pipeline network is very difficult and the cost is high.â€
Li Li, director and senior analyst of Axis Energy Research Center, said, "If the oil and gas reform plan is introduced at the end of the year, it will only be a decent reform plan and will not involve more details."
"The merger of a group's pipe network is meaningless. It has changed from a few monopolies to a monopoly. It has no meaning and is national."
Li Li reminded that last year, PetroChina officially announced the opening of pipelines to introduce private capital, but after a year, there is still no progress.
According to informed sources, both PetroChina and Sinopec have their own reform plans. The core idea is to “promote the listing of subordinate enterprises and protect the appreciation of enterprises in the capital market.â€
The source pointed out that in the future, there will be a number of listed companies under a petroleum central enterprise, such as petroleum engineering, refining and chemical engineering, sales companies and even lubricant companies.
However, this is obviously not the ultimate goal of state-owned enterprise reform.
On April 30, the Central Political Bureau meeting pointed out that "the direction of reform of state-owned enterprises has not changed, and the principle of protecting property rights of private enterprises according to law has not changed."
However, the stock market with the reform of state-owned enterprises has already entered a rising cycle, and the merger of state-owned enterprises has spawned the association of the stock market.
The merger of CSR and CNR, the merger of CPI and China's nuclear technology has given the opportunity for multiple rounds of stocks.
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