Most popular Sinopec Zhanjiang project slimming do

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Sinopec Zhanjiang project downsizing domestic refined oil exports will increase significantly

"Sinopec has decided to downsize the Zhongke Zhanjiang East Island project (hereinafter referred to as Zhongke project), from the original overall plan of 15million tons/year oil refining and 1million tons/year ethylene to the refining scale of 10million tons/year and the ethylene scale of 800000 tons/year." On November 8, a person from Guangdong oil and gas industry disclosed

after checking this news with the relevant personnel of Sinopec, many Sinopec personnel expressed their acquiescence

Li Li, director of anxins China Research Center, said that the reason why Sinopec has made such great changes is to cope with the future competitive situation in the South China and even the national market. "Taking into account the China Science and technology project, in the next five years, South China may also increase its refining capacity by nearly 30million-40million tons/year, including the second phase of CNOOC Huizhou refinery, Sinopec Hainan refining and chemical expansion, and the Jieyang project jointly invested by PetroChina and Venezuela (hereinafter referred to as the Jieyang project of the CPC Central Committee) As well as possible trends from Sinochem Quanzhou, unless the demand in South China grows strongly, there is indeed a certain pressure on the consumption of refining energy. However, at present, the above projects are inclined to the tail end route of refining and chemical integration, taking into account the possible competitive pressure in the refined oil market in the future. " She said

on November 4, the Ministry of Finance and the State Administration of Taxation jointly issued a document, saying that with the approval of the State Council, the export VAT rebate rate of refined oil (gasoline, diesel, aviation coal) and other products will be increased to 17% from November 1

"in the future, domestic refined oil products will increase significantly, so exports will increase significantly, and domestic taxes and fees are more complex, so domestic exports of oil enterprises will be adjusted." some experts from central oil enterprises frankly said: "whether it is central oil enterprises or local refineries, their refined oil exports will be fully refunded."

China Science and technology project slimming

China Science and technology project is located in Zhanjiang, Guangdong Province. At first, Sinopec and Kuwait Petroleum jointly invested $9billion in 2005 to build a new refining and chemical base in Nansha, Guangzhou. Later, due to the disagreement of local residents, Sinopec and Kuwait Petroleum announced that they would build this project in Zhanjiang, Guangdong Province in 2009

it is said that the Zhongke project was approved by the Ministry of environmental protection of China several years ago, with a total investment of about 60billion yuan. It plans to build a crude oil processing capacity of 15million tons/year, mainly producing diesel, gasoline and aviation kerosene, and supporting a ethylene cracking capacity of 1million tons/year. It also planned to expand the second phase to 25million tons/year, which was known as China's largest joint-venture refining and chemical project at that time

however, China Science and technology project has not been built since it entered the working state

on July 20 this year, Sinopec clearly proposed to build Maozhan refining and chemical integration base, in which Zhongke project is a part of Maozhan refining and chemical integration base

by the end of August, the site leveling of Zhongke project has been completed by 81.9%, the roads in the plant area have been completed by 28%, and the dredging and blowing of the cofferdam of the wharf project must have softness and soft touch, and the filling has been completed by 59.7%

however, industry experts expressed concern about the consumption of refining energy in South China. According to Li Li, at present, South China has become one of the most important refining and chemical bases in China. The second phase of CNOOC Huizhou refinery, Sinopec Hainan refining and chemical expansion Central Committee Jieyang project, and projects from Sinopec Quanzhou, each of which has a refining capacity of 10million-20million tons/year

"PetroChina has determined that the construction time of the entrusted Jieyang project is postponed." The central petroleum enterprise expert said, "therefore, it is understandable that the China Science and technology project is slimming down."

according to Wei Hongguang, Secretary of Zhanjiang municipal Party committee, in July, the China Science and technology project should jointly and pragmatically and efficiently promote the preliminary work, so as to ensure that the refining and chemical project will be fully started within the year and completed and put into operation as soon as possible

will the export of refined oil increase significantly

in fact, overcapacity in domestic refining and chemical enterprises is no longer a secret. After 2015, Sinopec, PetroChina and CNOOC all exported refined oil products

this time, the Ministry of Finance and the State Administration of Taxation jointly issued a document to increase the value-added tax export rebate rate of refined oil (gasoline, diesel, aviation coal) and other products to 17% from November 1. After 11 years, the "processing with imported materials" trade export of refined oil has not only resumed the value-added tax rebate, but also achieved a major benefit of "full tax rebate" that has never been seen before

"in the future, all oil enterprises may soon promote the 'processing with imported materials' trade of China's refined oil products to be popular, whether it is central enterprises or local refineries." The oil central enterprise expert said

On November 8, the General Administration of Customs said that China's refined oil exports in October were 4.07 million tons. In January this year, China's diesel exports totaled 10.7922 million tons, up 148.14% year-on-year. Gasoline exports reached 6.9311 million tons, up 72.26% year-on-year

the surface in contact with the sample adopts sticky soft rubber. It is worth noting that the gasoline export volume in September increased by 37% year-on-year to 841312 tons; In September, diesel exports soared by 44% year-on-year to 1.6 million tons, setting the highest record since diesel exports

China Energy avoids the fluctuation of extrusion pressure caused by the fluctuation of plastic temperature. Han Xiaoping, chief information officer, said that in the past, the domestic oil supply was relatively tight, and the country did not encourage exports, and took relatively strict measures in tax rebate. At present, the relationship between supply and demand in the domestic refined oil market has changed. For example, the domestic supply of diesel is greater than the demand. Through tax rebates, enterprise profits can be improved and diesel exports can be encouraged

it is understood that processing with supplied materials refers to the processing trade in which imported materials are provided by foreign investors, that is, import without paying foreign exchange, finished products are sold by foreign investors, and processing fees are charged by operating enterprises, that is, pure agent processing export trade; Processing with imported materials refers to the processing trade in which the imported materials are imported by the operating enterprise and the finished products are exported by the operating enterprise on its own

"generally speaking, the export tax rebate policy is to encourage domestic production and manufacturing; for traders, export qualifications and quotas will not be liberalized in the short term; at the same time, the price of refined oil that has left the factory and circulated in the market has included various taxes such as consumption tax and value-added tax. Without relevant tax rebate and tax exemption incentives, pure general trade export is not feasible." Li Li said

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