Analysis of china's oil enterprises overseas acquisition of a new chess game - Pcc Electronic Cigar
Few years ago, China's oil companies overseas acquisitions have focused mainly on Africa, Central Asia and Latin America and other regions, public information, Africa, Sudan, Nigeria, Angola, Kazakhstan, Central Asia, Latin America, Venezuela, Oman, Middle East and Southeast Asia, Indonesia and Oceania,
hogan, Australia and other countries, China's overseas oil and gas account for most of the upstream business. And downstream, China addition to or in some Asian and African countries have a small amount of oil refining business in the shares only in the Sudan to establish a vertically integrated project.
Current partner in China is gradually expanding the scope of the country. In the recent acquisitions, in addition to traditional oil-producing countries but also in some developed countries involved in the oil business. Some experts, this is the development of China's oil enterprises to a certain extent inevitable choice, but also accelerated the pace of internationalization of objective need.ed.
Management Institute of China Petroleum, Professor Han said that, international companies generally three steps in the globalization strategy, the first step is passive globalization that is "bringing in", that is, using its own resources to attract foreign capital and advanced technology, performance in China's oil industry, this stage is from 1982 to 1993. The second stage is the global initiative,
Mbt Sandalen Jawabu, which is "going out", 1993, after China became a net oil importer, oil led the Chinese will be taking the Chinese oil enterprises "going out" pace. The third step is to build a global enterprise, using the world's resources allocation. "Right now oil companies are in the second step to third step of the transition process. Therefore, the Chinese oil companies overseas acquisition target country, from the expansion of developing countries to developed countries before, is a natural thing." Han said.
And Han Xuegong also held a similar view of energy economy in China, Xiamen University, Research Center Lin Boqiang, said the reason for China to buy some developed countries, the current oil assets, partly because of lower international oil prices recently, which is a good time, the other is China now has more adequate funding reserves have the strength to purchase.
Indeed, the strength to go abroad for our oil companies continue to accumulate in recent years growth, 2009 "Fortune" 500 companies, Sinopec to 207.814 billion U.S. dollars sales revenue ranked 9th for the first time into the top 10 ranks The Chinese oil Zeyi 181.123 billion U.S. dollars in sales ranked 13th. The 2008 ranking of the two companies were only 16 and 25. "Strength of growth, largely encouraged by the courage of Chinese enterprises developed out of M & tentacles." Commented one industry so.
National Energy Research Institute, said Zhou Fengqi senior adviser: "better terms with developed countries, relatively stable economic, legal procedures are relatively sound, in the past not want to sell to Chinese companies, to set all kinds of obstacles, is now willing to sell, on China's enterprises is an opportunity. "
However,
Mbt Schuhe Meli, there are different views on the industry, the Chinese oil experts, Xiao-Jie Xu Institute of Economic and Technology on "energy" magazine reporter, said the acquisition of Chinese enterprises in developed countries, as oil companies,
Mbt Sandalen Salama, such as Canada, Switzerland, the company actually acquired not developed its own assets, because these assets are distributed in the Middle East, Africa and other developing countries. Therefore, there is no substantive prior to the acquisition of the distinction.
Mainly from the upper to the lower reaches of both
Chinese oil companies in addition to the acquisition tentacles developed countries, the scope of its business also is changing, the focus on mergers and acquisitions both upstream and downstream assets to be viewed as the recent acquisition of China's oil enterprises overseas, another feature .
2009 7 13, the Malaysian oil company merapoh Resources announced that the company north of Kuala Lumpur, Malaysia Kedah continue to promote the development of a large refinery project. The total investment of 100 billion, and China Petroleum as its strategic partner to the project which will be involved.
Earlier, China National Petroleum plans to invest UK Ineos Grangemouth refinery in Scotland Group, has been widely regarded as a downstream expansion with the intent to occupy a larger overall market strategy.
2009 6 21, China Petroleum and Singapore Petroleum completed 45.51% of the total issued shares after the acquisition news, "Singapore Petroleum will be the implementation of the international strategy of the company's new platform and will provide a broader the development of basic and more stable development path. "
Singapore Petroleum is a regional oil company, mainly engaged in refining and marketing, as well as oil and gas exploration,
mbt zum Verkauf, mining and other services. The company has a refinery in Singapore 50% interest in the company, while the Singapore Refining Company is one of Singapore's three major refineries.
Analysts believe that this acquisition can use the other advanced refining technology, a mature sales network and advanced management experience, and gradually mature into the overseas market, the downstream area of distribution, for the Chinese oil business chain lay the foundation for comprehensive development in the overseas .
"The reason why the downstream expansion of the oil companies because of our strength growing stronger and stronger,
Mbt Schuhe Haraka, more abundant capital, driven by its global sales network. Because in the industrial chain, the sale of the terminal is the most profitable part." success of Korean Studies, said, "compared 500 oil companies, their main business is refining and marketing, rather than the upstream mining, exploration and development because of the relatively low added value. China's oil companies to become global enterprises, have overseas create a vertically integrated model of development. " China Petroleum Technology Research Institute
economic expert Xiao-Jie Xu also said that oil companies developed to a certain extent, in the "going out" process, will wish to establish an integrated enterprise,
Mbt Staka Sandalen, especially in establishing their own sales networks overseas.
May now buy our oil companies and shares in overseas companies is just the beginning downstream, with their own efforts to further strengthen and build international business strategy to gradually in-depth, this trend may also be accelerated.
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