mortagesandforeclosures

by Zou Frbiz

With CNOOC refinery in Huizhou in Guangdong in March and put into petrol and diesel wholesale markets in Guangdong two monsters is opposite a pattern of "Romance of the Three Kingdoms" pattern. Some traders from yesterday revealed that China National Offshore Oil Corporation has been to several personal positions and firm promise amidst the traders, from the starting of May, the capacity of oil will be completely guaranteed.

China National Offshore Oil Corporation (hereinafter mentioned to as China Sea oil) is one of the biggest nationwide oil business, in ascribe of foreign collaboration in China's waters and the exploitation of offshore oil and natural gas assets is China's biggest offshore oil and gas producers. As Guangdong less petrol and diesel market, and its Huizhou refinery has been put into procedure by the end of March in the beside future in Guangdong, China National Offshore Oil promotion sales force, actually has a little to large personal loading positions to brokers or traders players the distinct kinds of promotion and firm promise from the starting in May to assurance the provide of good repsonse from the market, petrol and diesel market share in Guangdong is anticipated to expand.

Some traders said the adoption of power data bureau, the present CNOOC has made for example gas positions and wholesalers to double-check their monthly provide, and there have conveyed the aim of brokering an affirmation with CNOOC. Guangdong Province has a total of 12 foremost wholesalers with the marking of a initial affirmation, each describing to the China National Offshore Oil demand in the 5000-10000 tons / month bobbing around.

Quite several brokers and traders said that while the wholesale cost of CNOOC has not yet been finalized, but in Huizhou and Guangdong in periods of sales, contrasted with Sinopec and PetroChina, CNOOC's offer in general than Sinopec and China National Petroleum Corporation the two businesses a reduced 200 per / ton, but after those principles as a certain check of time, so CNOOC can not be low-cost benefits, but furthermore much of the well liked end-users and intermediaries.

Sinopec and China National Petroleum Corporation insiders said that CNOOC Huizhou refinery officially put into operation, together with a strong sales network of upstream and downstream integration, Sinopec and China National Petroleum Corporation's wholesale sales feel the pressure of late.

According to statistics, Guangdong wholesale gasoline and diesel demand for about eight million tons / year, while CNOOC Huizhou refinery gasoline and diesel production nearly five million tons, even if the remaining 1 / 3 of about 1.7 million tons remain in the provinces of Guangdong, the two challenges are bound to large companies monopoly in the wholesale market, thus "there is one-third of the world." Today's CNOOC in Guangdong few retail filling stations, 80% -90% or more resources will flow into the wholesale market.

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