Saudi Arabia invests 300 million U.S. dollars in investment, but companies wait and see, and experts believe that the risks are too high.
Yesterday, crude oil prices on the New York Mercantile Exchange soared to US$70.80 per barrel at the opening of the market. This sky-high price made Chinese private oil companies even more uneasy.
It was also yesterday that China's private oil company executives from all parts of the country came together and pondered a short-cut to stabilize oil sources, the "equity change source."
Equity oil change source held at the “China Petroleum Industry Investment Fund and China Petroleum Industry International Industry Investment Alliance Briefing Meeting†held yesterday. Cui Xinsheng, chairman of Beijing Minsheng Shanglian International Petroleum Energy Consultant Company, throws out the “equity change oil source planâ€. , And think this is an important way to solve China's energy dilemma.
The so-called equity exchange source, that is, the private oil companies in China's middle and lower reaches, through the replacement of some equity, obtained stable and sustained energy supply from companies in neighboring and oil-exporting countries to form a collective investment effect. Private oil and gas companies can invest in their own assets, including joint ventures with joint ventures to build medium and small oil terminals, petroleum transportation systems, warehousing or refineries and terminal sales outlets.
Cui Xinsheng revealed that the initial oil industry investment fund has basically formed a combination of a platform (a coalition), an axis (fund), two markets (domestic and foreign), and a route (equity change plan). China's oil industry international industrial investment alliance will be changed to energy alliance. The goal of the alliance is to compete for hundreds of quality companies before the wholesale right is released in 2006. In the coming months, they will collaborate with relevant departments and agencies in neighboring countries in Malacca to conduct research on the “Malacca Strategy†and at the same time establish energy cooperation with companies to reach the Middle East-Malacca-China market route.
According to reports, the China Fund Forum, Beijing Minsheng Alliance International Energy Consultant, GCCIE, and SAGIA have agreed to form the China Petroleum International Industrial Investment Alliance (CIPIU). , and will initiate the establishment of the "China Petroleum Industry Investment Fund (ICCPI)" to specifically promote the implementation of the "equity swap source" plan.
At present, more than 30 domestic private oil companies and many energy companies in Indonesia, Malaysia, the Gulf countries, Singapore, and Australia have actively responded to this plan. Saudi Arabia’s General Investment Agency is also actively signing a fund investment agreement with an initial investment of US$300 million.
"It may be more accurate to use 'market-for-resources'." Yang Yuanhua, a researcher at Xinhua News Agency's World Problems Research Center, said in an interview with this reporter that the fundamental solution to China's energy problem lies in the plan. Take the road to market. However, due to the incompleteness of relevant domestic mechanisms at present, private enterprises have many restrictions in entering the oil field.
Han Xiaoping, executive vice president of China Energy Network, also believes that China’s oil demand continues to be strong, but oil from oil producing countries such as Saudi Arabia, Brunei, and Indonesia is hard to directly enter China’s huge market. It’s a large number of companies that earn huge amounts of money from the middle. Multinational oil giant. The “equity change plan†enables oil companies to directly integrate with the end market. The result is naturally a win-win situation.
Businesses are still waiting to see Although most of the participating experts are full of confidence in this plan, most companies that come to attend the meeting still take a wait-and-see attitude.
“The risk is too high.†Cai Daren, chairman of Shanghai Yadong International Freight Co., Ltd., said that at present, the international oil price fluctuates too much. Once the equity is replaced, the recycling cycle is hard to predict. “I’m afraid I can’t get out of the chain†.
Yao Tongxin, vice president of China Finance & State-Owned Enterprises Investment Co., Ltd., said that although the Equity Oil Exchange Program announced that the planning and implementation of the virtual equity aggregation plan for China's private oil industry assets will promote the allocation of global industrial chain resources for China's private oil companies. But how will the private assets of China's oil field be integrated? What is the practice of setting up a fund abroad? This is where the problem lies. Moreover, the connotation and extension of the “equity change source†is still not clear.
Chen Wei, deputy general manager of Beijing Heterogeneous Petroleum Engineering Consulting Co., Ltd., pointed out that China's current oil policy is distorted and even if oil sources are obtained overseas, they can only be sold to PetroChina and Sinopec, because private enterprises do not have wholesale rights.
“The current situation facing private oil companies is that they can't get oil, not the world has no oil.†Chen Wei believes that if the market is to be liberalized in the future, private oil companies can use their money to buy oil in the market, not necessarily non- To get equity to change oil. If the policy is not in place, what can we do if we can obtain oil from abroad? Chen Wei expressed her doubts.
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