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- April 12, 2011, 09:02:42 AMBP China: hard to write a supporting role embarrassment
the Gulf of Mexico oil spill incident, many people like to take BP's famous ad, For Chinese companies, BP,
known in China as the largest cross-border investment in the energy sector oil companies, BP's efforts over the years more and more proof that it can get in China, mainly oil income derivatives, and in the upstream petroleum industry it always been essentials.
This is all the development of multinational energy companies in China's destiny, or BP asking too much or too idealistic?
hunters too early to
BP oil spill in the Gulf of Mexico caused the entire world are discussing whether BP would therefore bankrupt, those potential suitors have surfaced, such as the oil and so on water. However, after too many failures clear that China's energy sector has matured, in their view, it is premature to discuss these issues.
Bank of the international energy industry, He Wei, chief analyst that is not appropriate in all the discussion did not become clear until the subject of Chinese firms bargain hunting BP. As for BP's future, he said, first of all depends on how much the U.S. government wants it to bear the responsibility for the spill, followed by BP depends on its own solvency, according to the present situation it is clear that BP would be exaggerated this fall.
management article published in vPro line | / darticle3/list.asp? id = 137718 | 44
However, China's energy sector is also careful to state three giant opportunity. Economic Research Institute in the oil market, said Shan Weiguo, director of the Institute, BP may sell part of assets, but the scale may not be too great. Shan Weiguo that, BP sale of assets for each company is an opportunity, of course, does not rule out the possibility of acquisition of the Chinese oil company.
Economic Research Institute of Petroleum Development Zhang Weizhong, deputy director of the Institute is a reporter for Die Zeit,You are not allowed to view links. Register or Login, said the analysis point of view, BP is more likely to sell part of upstream assets in the United States and some African stations downstream business, so BP can simultaneously financing strategy adjustment, so it should not involve the Chinese company's assets. B sharp in the tube States Bo Li P: The hard line of embarrassing to write a supporting role.
embarrassing
Chinese assets in China's energy industry experts, the basic oil spill will not affect BP operations in China, and not just because of the important Chinese market , but BP's business in China, too, the limited number of core assets. At press time ago, BP oil spill in China is no negative impact on Chinese companies would comment. site by BP China
their introduction, BP since the 70s of last century into China, total investment has reached 4.7 billion. BP China's major activities include a joint venture to build a large petrochemical joint ventures, production and import of natural gas, gas stations, retail business, production and sale of lubricants, liquefied petroleum gas (LPG) import and marketing, aviation fuel supply, and solar power devices local production. However, careful look at the list of BP's business in China can be found in major investment in its core areas of oil derivatives, including oil, aviation fuel, etc., as well as ethylene petrochemical project.
Wei He seems these investments, although the profit is very high, but the overall market is too small hard to have a big output, estimated at 20 billion -50 billion, which seriously affected the BP in China sales. Relative to the BP annual sales of 300 billion U.S. dollars, China would be difficult for the company's performance is allowed to come up with some road.
Wei He introduced, BP's main market or abroad, according to the characteristics of the development of the modern oil industry, many countries in the world energy industry is to grasp the hands of multinational companies, BP and other large Western multinational companies can get benefits the whole industry chain, rather than in China, only in the downstream oil and derivatives, has done some investment.
statement according to BP China, and its development in China has experienced three major phases: the early 70s of last century, mainly engaged in chemical technology transfer and marketing; 80 years, began to get involved offshore oil and gas exploration and production; 90 years since the business started to build a perfect system.
can say, BP does not want to start business limited to the downstream oil industry, it has also done some try, but were playing with toys. 1995, BP initiative to stop the exploration and development in China continues to engage. So far, BP is just upstream areas of China in the South China Sea Yacheng 13-1 gas field has 34.3% interest.
The River refinery, we can say Zheshi Rang BP was the most frustrated of the areas in China. China's sustained economic growth and sharp increase in the number of motor vehicles, with a refinery and then expand into the downstream oil product sales area was a race against multinational corporations in China, the main target, but up to now, competitors have been able, through various forms into the refining area, only BP is still hovering outside the door.
this dilemma appears in Zhang Weizhong, there should be a variety of reasons, BP does not lag behind competitors in technology, and it is in the oil fields there are certain advantages, the key reason should be still and China could not agree on terms of cooperation. In accordance with existing regulations in China, and Chinese investment in oil refining enterprises must cooperate by the Chinese party, which has always been as BP control, such as life aspects, is clearly unacceptable.
in 2004, the first two months, BP's in the hands of shares in PetroChina and Sinopec give all thrown out, resulting in more than 100 million Hong Kong dollars in revenue. Original, BP as a strategic investor in the list of shareholders of both companies, BP sold the shares for the interpretation of terms is not interested to continue to make financial investments. In fact, BP is through strategic investment in the original two Chinese state-owned oil company has gained a commitment to enter the Chinese market, oil product sales.
2001 launched natural gas project, BP has also indicated he did not want just to be a financial investor, if not dominant position in the project, then select Exit.
limited space for development
the Gulf of Mexico oil spill incident, many people like to take BP's famous ad, For Chinese companies, BP,
known in China as the largest cross-border investment in the energy sector oil companies, BP's efforts over the years more and more proof that it can get in China, mainly oil income derivatives, and in the upstream petroleum industry it always been essentials.
This is all the development of multinational energy companies in China's destiny, or BP asking too much or too idealistic?
hunters too early to
BP oil spill in the Gulf of Mexico caused the entire world are discussing whether BP would therefore bankrupt, those potential suitors have surfaced, such as the oil and so on water. However, after too many failures clear that China's energy sector has matured, in their view, it is premature to discuss these issues.
Bank of the international energy industry, He Wei, chief analyst that is not appropriate in all the discussion did not become clear until the subject of Chinese firms bargain hunting BP. As for BP's future, he said, first of all depends on how much the U.S. government wants it to bear the responsibility for the spill, followed by BP depends on its own solvency, according to the present situation it is clear that BP would be exaggerated this fall.
management article published in vPro line | / darticle3/list.asp? id = 137718 | 44
However, China's energy sector is also careful to state three giant opportunity. Economic Research Institute in the oil market, said Shan Weiguo, director of the Institute, BP may sell part of assets, but the scale may not be too great. Shan Weiguo that, BP sale of assets for each company is an opportunity, of course, does not rule out the possibility of acquisition of the Chinese oil company.
Economic Research Institute of Petroleum Development Zhang Weizhong, deputy director of the Institute is a reporter for Die Zeit,You are not allowed to view links. Register or Login, said the analysis point of view, BP is more likely to sell part of upstream assets in the United States and some African stations downstream business, so BP can simultaneously financing strategy adjustment, so it should not involve the Chinese company's assets. B sharp in the tube States Bo Li P: The hard line of embarrassing to write a supporting role.
embarrassing
Chinese assets in China's energy industry experts, the basic oil spill will not affect BP operations in China, and not just because of the important Chinese market , but BP's business in China, too, the limited number of core assets. At press time ago, BP oil spill in China is no negative impact on Chinese companies would comment. site by BP China
their introduction, BP since the 70s of last century into China, total investment has reached 4.7 billion. BP China's major activities include a joint venture to build a large petrochemical joint ventures, production and import of natural gas, gas stations, retail business, production and sale of lubricants, liquefied petroleum gas (LPG) import and marketing, aviation fuel supply, and solar power devices local production. However, careful look at the list of BP's business in China can be found in major investment in its core areas of oil derivatives, including oil, aviation fuel, etc., as well as ethylene petrochemical project.
Wei He seems these investments, although the profit is very high, but the overall market is too small hard to have a big output, estimated at 20 billion -50 billion, which seriously affected the BP in China sales. Relative to the BP annual sales of 300 billion U.S. dollars, China would be difficult for the company's performance is allowed to come up with some road.
Wei He introduced, BP's main market or abroad, according to the characteristics of the development of the modern oil industry, many countries in the world energy industry is to grasp the hands of multinational companies, BP and other large Western multinational companies can get benefits the whole industry chain, rather than in China, only in the downstream oil and derivatives, has done some investment.
statement according to BP China, and its development in China has experienced three major phases: the early 70s of last century, mainly engaged in chemical technology transfer and marketing; 80 years, began to get involved offshore oil and gas exploration and production; 90 years since the business started to build a perfect system.
can say, BP does not want to start business limited to the downstream oil industry, it has also done some try, but were playing with toys. 1995, BP initiative to stop the exploration and development in China continues to engage. So far, BP is just upstream areas of China in the South China Sea Yacheng 13-1 gas field has 34.3% interest.
The River refinery, we can say Zheshi Rang BP was the most frustrated of the areas in China. China's sustained economic growth and sharp increase in the number of motor vehicles, with a refinery and then expand into the downstream oil product sales area was a race against multinational corporations in China, the main target, but up to now, competitors have been able, through various forms into the refining area, only BP is still hovering outside the door.
this dilemma appears in Zhang Weizhong, there should be a variety of reasons, BP does not lag behind competitors in technology, and it is in the oil fields there are certain advantages, the key reason should be still and China could not agree on terms of cooperation. In accordance with existing regulations in China, and Chinese investment in oil refining enterprises must cooperate by the Chinese party, which has always been as BP control, such as life aspects, is clearly unacceptable.
in 2004, the first two months, BP's in the hands of shares in PetroChina and Sinopec give all thrown out, resulting in more than 100 million Hong Kong dollars in revenue. Original, BP as a strategic investor in the list of shareholders of both companies, BP sold the shares for the interpretation of terms is not interested to continue to make financial investments. In fact, BP is through strategic investment in the original two Chinese state-owned oil company has gained a commitment to enter the Chinese market, oil product sales.
2001 launched natural gas project, BP has also indicated he did not want just to be a financial investor, if not dominant position in the project, then select Exit.
limited space for development