The reforms in oil and gas sector have been accelerated in 2015. The reform of mineral rights has begun and 6 oil and gas exploration zones in Xinjiang Autonomous Region have served as the tender pilots, breaking thro...The reforms in oil and gas sector have been accelerated in 2015. The reform of mineral rights has begun and 6 oil and gas exploration zones in Xinjiang Autonomous Region have served as the tender pilots, breaking through the requirements on the resources varieties, exploration phase and enterprise qual!fication. The right of importing and using of the crude oil has been gradually relaxed and 13 local refineries have obtained the right to use imported crude oil of 55.1888 million tons per year. The natural gas price for non-residential use was unified and a universal price was set ~r the incremental supply and existing supply. Tire Shanghai Petroleum and Gas Exchange （SHPGX） was established and laid foundation for the market mechanism to detervnine the price. The government governance has undergone continuous adjustments such as regulating the tax instead of charging the fees, streamlining administration and delegating power to tire lower levels.The Guidelines on Deepening tire Reform of State-owned Enterprises was released, symbolizing the accomplishment of the overall planning ~ the SOE reform.展开更多
Along with worldwide Internet boom, China's Internet industry is also thriving and has achieved remarkable success. Beyond that, industry integration between the Internet and other fields, such as finance, retail ...Along with worldwide Internet boom, China's Internet industry is also thriving and has achieved remarkable success. Beyond that, industry integration between the Internet and other fields, such as finance, retail and advertising, is also eye-taking, as it has fostered a novel industry chain structure and business model. With an aim to realize the transformation and upgrading of conventional industry, the Chinese government has proposed ‘Internet plus' to encourage the combination of the Internet and conventional sectors. As one of the most important and complex conventional industries, the oil and gas(O&G in abbreviation) industry is also seeking the opportunity to actively cooperate with the Internet. However, after analysis of the differences between the particularities of the O&G and Internet industry from an economics perspective, a comprehensive combination of these two seems less promising, but adopting Internet related technologies to improve the performance of the O&G industry is feasible.展开更多
Guided by President Xi Jinping's key speech about energy revolution— "Four Revolutions and One Cooperation"-the Chinese oil and gas industry continued to accelerate its pace of reform in 2016.China has ...Guided by President Xi Jinping's key speech about energy revolution— "Four Revolutions and One Cooperation"-the Chinese oil and gas industry continued to accelerate its pace of reform in 2016.China has deepened its supply-side structural reforms,prevented and resolved the problem of excess production capacity,increased the effective supply of clean energy such as natural gas,and formed an energy innovation system.It has pushed forward the reform of pricing mechanisms with significant adjustments in the pricing mechanisms of oil products,pipeline transportation,gas storage and gas used for fertilizer production.It has also accelerated market access reform and encouraged various investors to enter into the fields of exploration & production,pipeline transportation and crude oil imports.China has sped up the legislative process of environmental protection to promote green and low-carbon development.It has accelerated oil & gas industry institutional reform,with some provinces initiating the pilot reform of oil and gas.展开更多
文摘The reforms in oil and gas sector have been accelerated in 2015. The reform of mineral rights has begun and 6 oil and gas exploration zones in Xinjiang Autonomous Region have served as the tender pilots, breaking through the requirements on the resources varieties, exploration phase and enterprise qual!fication. The right of importing and using of the crude oil has been gradually relaxed and 13 local refineries have obtained the right to use imported crude oil of 55.1888 million tons per year. The natural gas price for non-residential use was unified and a universal price was set ~r the incremental supply and existing supply. Tire Shanghai Petroleum and Gas Exchange （SHPGX） was established and laid foundation for the market mechanism to detervnine the price. The government governance has undergone continuous adjustments such as regulating the tax instead of charging the fees, streamlining administration and delegating power to tire lower levels.The Guidelines on Deepening tire Reform of State-owned Enterprises was released, symbolizing the accomplishment of the overall planning ~ the SOE reform.
文摘Along with worldwide Internet boom, China's Internet industry is also thriving and has achieved remarkable success. Beyond that, industry integration between the Internet and other fields, such as finance, retail and advertising, is also eye-taking, as it has fostered a novel industry chain structure and business model. With an aim to realize the transformation and upgrading of conventional industry, the Chinese government has proposed ‘Internet plus' to encourage the combination of the Internet and conventional sectors. As one of the most important and complex conventional industries, the oil and gas(O&G in abbreviation) industry is also seeking the opportunity to actively cooperate with the Internet. However, after analysis of the differences between the particularities of the O&G and Internet industry from an economics perspective, a comprehensive combination of these two seems less promising, but adopting Internet related technologies to improve the performance of the O&G industry is feasible.
文摘Guided by President Xi Jinping's key speech about energy revolution— "Four Revolutions and One Cooperation"-the Chinese oil and gas industry continued to accelerate its pace of reform in 2016.China has deepened its supply-side structural reforms,prevented and resolved the problem of excess production capacity,increased the effective supply of clean energy such as natural gas,and formed an energy innovation system.It has pushed forward the reform of pricing mechanisms with significant adjustments in the pricing mechanisms of oil products,pipeline transportation,gas storage and gas used for fertilizer production.It has also accelerated market access reform and encouraged various investors to enter into the fields of exploration & production,pipeline transportation and crude oil imports.China has sped up the legislative process of environmental protection to promote green and low-carbon development.It has accelerated oil & gas industry institutional reform,with some provinces initiating the pilot reform of oil and gas.
