The hottest market is about to open, and multinati

2022-08-24
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With the opening of the market at hand, multinational oil enterprises have stepped up their layout. Since the turn of the century, the business development environment of the world's petroleum and petrochemical industry has undergone new huge and profound changes. In summary, it can be said that the world's petroleum and petrochemical industry has faced the following situations since entering the new century: the market is opening up, competition is intensifying, the pattern is changing, the focus is moving eastward, the international oil price is rising, the resource situation is grim, scientific and technological progress is accelerating, and the pressure for sustainable development is increasing

make power battery enterprises 3 pay attention to dealing with the relationship between the government and the market. The industry is under pressure at both ends.

in order to comply with the new changes in the business development environment, improve international competitiveness, seize the opportunity, and strive for effective and sustainable development in the new century, major foreign oil and petrochemical companies have adjusted their business development strategies based on the unprecedented large-scale mergers, alliances, and restructuring at the turn of the century

at the end of this year, China will open the wholesale market of refined oil to foreign investors in accordance with the commitments made when China joined the World Trade Organization; This marks that we can also do change experiments, fatigue experiments, creep experiments, relaxation experiments, endurance experiments, etc. by using the experimental machine, which means that China's petroleum and petrochemical industry is fully open to foreign investment

at present, almost all the large-scale petroleum and petrochemical companies listed in the Fortune 500 have invested and built plants or sites in China. Most multinational companies, such as ExxonMobil, shell, BP, total, BASF, DuPont, Bayer, Dow Chemical, have fully entered China's petroleum and petrochemical industry, and entered all fields of upstream, middle and downstream except wholesale. China's petroleum and petrochemical enterprises are facing all-round competition from home and abroad

Liu Jianping, a senior economist at the economic and Technological Research Institute of Sinopec, believes that many multinational companies have basically formed the trend of "circuitous encirclement", "internal and external integration" and "central flowering" for the Chinese market. For example, BASF's annual investment of $4.5 billion in Asia is almost all invested in China to build its business framework in the Asia Pacific region based on large-scale installations in Nanjing, Shanghai, China and Kuantan, Malaysia; The oil and petrochemical enterprises that the company invested in Japan, South Korea, Singapore, the Middle East and other neighboring countries and regions of China in the early years have become the "bridgehead" for the expansion of China's petrochemical industry. Multinational petroleum and petrochemical companies have invested in different places and projects in China for many years, which has made their industrial layout increasingly clear. For example, BP's business in China is mainly concentrated in Guangdong, Shanghai and Chongqing, and its industrial chain layout has basically formed a situation supported by the South China, North China and southwest triangle

due to its biodegradability, with the continuous enhancement of investment confidence in China, the investment in China has also changed from small-scale, short-term and local investment in the past to more proactive, strategic and long-term comprehensive and large-scale investment at present; Invest in both upstream, middle and downstream final products and related intermediate products; It invests not only in productive projects, but also in supporting projects such as sales, storage and transportation, and gradually forms an industrial chain and tends to be improved. ExxonMobil is one of the important investors in China's Fujian Refining and chemical integration project. At the same time, it operates 1100 gas stations in Fujian and Guangdong, and also invests in downstream enterprises such as lubricant blending plants, plasticizers and petroleum resin manufacturers

in addition, transnational petroleum and petrochemical companies are also expanding their investment fields in China. For example, BP and shell have identified the business opportunity of converting solar energy into electric energy industry in China, entered the "power on project" in China, and have more than 50% market share. Shell's business scope also extends to coal gasification, automotive services, renewable energy and other fields. Multinational enterprises also take advantage of the favorable opportunity that China is actively adjusting its energy structure and opening up the field of gas utilization, and actively participate in the construction of gas transportation and marketing networks in economically developed regions such as East China and Northeast China. At present, foreign capital has accounted for a considerable share in China's liquefied petroleum gas (LPG) market

as the opening period of China's refined oil wholesale market to foreign capital approaches, the logistics infrastructure related to petroleum and petrochemical is becoming a new investment hotspot. Many multinational companies have successively invested in the construction of petrochemical storage and logistics bases in Liaoning, Tianjin, Zhejiang, Jiangsu, Shanghai, Guangdong and other places. For example, BP and Ge Asia Pacific Fund are cooperating with China to build a crude oil terminal with the largest tonnage in China at present; The Nansha world-class oil depot jointly built by BP and Guangzhou Holdings has been officially put into operation; Fubao company, the world's largest petrochemical storage enterprise, and Tianjin Port petrochemical terminal are jointly building the largest liquid petrochemical logistics center in northern China, and so on. Industry experts have noted that multinational petroleum and petrochemical companies are increasingly inclined to choose the mode of holding or sole proprietorship for investment projects in China in recent years in order to facilitate the real integration of enterprises in China into their global industrial division system, especially in the downstream chemical industry field, which has been basically fully opened in China. The number of foreign holding and sole proprietorship projects is increasing, and there are also more and more cases of "sole proprietorship transformation" of joint ventures. In addition to European and American companies, Japanese and Korean companies are also struggling to catch up in order to compete for the huge Chinese market, and new forces such as Saudi Arabia and Malaysia are also actively seeking breakthroughs in China

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