The Loess Plateau in the autumn rain was clouded by clouds. The turmoil brought by oil to this plateau is an ongoing restructuring: The newly established Shaanxi Yanchang Petroleum (Group) Co., Ltd. (hereinafter referred to as Yanchang Petroleum) will become the fourth largest oil after PetroChina, Sinopec and CNOOC. Mining and refining companies.
The establishment of the "fourth largest" ended the situation since the exploitation of oil in northern Shaanxi in 1905. In a certain sense, the establishment of the "fourth largest" was a victory for local governments in the struggle for oil resources control by local governments and local governments.
Hard "pregnancy"
“Although it is painful, he still gave birth to it after all!†said Professor Yuan Gangming of the Institute of Economics of the Chinese Academy of Social Sciences, who has always been following the oil of Shaanxi Province.
As early as 1905, the Qing government established the “Extended Petroleum Official Factory†in Yan’an, which has been 100 years old. Previously, two major oil fields, Changqing Oilfield and Yanchang Oilfield, were concentrated here. However, the North Shaanxi oilfield, which belongs to “inefficient oil fieldsâ€, was initially considered by PetroChina as a “chicken ribâ€.
In 1994, local governments in northern Shaanxi introduced various preferential policies to seek private capital to invest in the development of oil resources. Investors from Wenzhou, Shanxi, Inner Mongolia and other places have flooded into this area.
In 1999, the State Economic and Trade Commission issued document No. 1239 requesting the Shaanxi Provincial Government to join PetroChina in mergers and acquisitions, asset acquisitions, and other methods to incorporate private oil wells into Shaanxi Provincial Yanchang Petroleum Industry Group, implement unified management, and ultimately strive for the overall access to PetroChina.
This paper, “Nationalization of Private Oil Wells,†commands a wave of turmoil. The central government issued a "recovery order" - the local government reversed the "recall" order - CNPC again urged the implementation of the "recovery order" - the local government had to preemptively retract the well - CNPC returned to the empty hand. In this tug of war, private investors became victims of the “rights movement.†During the interview in northern Shaanxi, many private investors who were contacted by reporters all referred to it as a “sad place.†Some of them had already left, and some hid Tibet to escape the debts they had originally invested in investing in oil wells, and some took over the government. The joint venture did not dare to show up again.
According to insiders, in the process of Shaanxi Provincial Government and CNPC's struggle for the unified management of oil resources in Northern Shaanxi, the chaos in the development of oilfields in Northern Shaanxi has created another chaos. An oil-spill-refinery-oil-sales industry chain is gradually growing. huge. With the shortage of oil and rising prices, some local farmers even rely on oil to save time and continue to this day.
Now, the birth of the extended oil group is expected to put an end to this chaotic pattern. Prior to this reorganization, Shaanxi Province issued the "Restructuring Plan for Petroleum Enterprises in Northern Shaanxi" (hereinafter referred to as "restructuring plan"). According to informed sources, on September 14, Zhao Zhengyong, executive vice governor of Shaanxi Province, stated at the extended oil formation meeting that the party committees, governments, and drilling and production companies of oil-producing counties and districts must “unconditionally†cooperate with the reorganization of oil companies. jobs. At present, the new leading group for the extension of petroleum has already taken office. According to the plan, it will complete all the work of receiving power by the end of October.
Hidden fears under restructuring According to the “restructuring planâ€, the newly established Yanchang Petroleum will supervise the northern Shaanxi (actually the entire province) including all oil companies including exploration, refining, and sales. In addition to loading all the assets of the extension management bureau, Yanlin Group and Yulin Refinery owned by Shaanxi Yanchang Petroleum Industry Corporation (hereinafter referred to as Shaanxi Yanchang), the company will also include 14 districts and counties under the jurisdiction of Yan'an and Yulin. All oil exploration, mining, refining, sales, and transportation companies are integrated into the unified management of the new company.
The restructured Yanchang Petroleum Group is a wholly state-owned enterprise regulated by the Provincial State-owned Assets Supervision and Administration Commission. The registered capital of the company is 1.2 billion yuan. The share capital was 6.8 billion yuan, of which the Shaanxi Provincial State-owned Assets Supervision and Administration Commission accounted for 51% of the shares, Yan'an City held 44% of the shares, and Yulin City held 5% of the shares in kind.
Chairman of the board of directors and party committee secretary of Yanchang Petroleum Group was formerly the chairman of the Shaanxi Extension Board, Caiyan Hui, and the general manager was Hua Wei, former director of Shaanxi Provincial Industrial Transport Office. At the same time, Cai Hui will also serve as the post of the Chief of the Petroleum Administration. It is reported that the talented metallurgical professional Cai Hui previously served as deputy director of the Shaanxi Provincial Metallurgical Industry Department and executive deputy mayor of Xi'an, "the extension of oil will undoubtedly become the second stage of his political life to achieve the second stage." Xi'an government The person said.
Although the current collection work has entered a countdown, it is still difficult to extend the oil. “What will be arranged after the reorganization, including my personal destiny, is not clear.†In Yongping Town, Yanchuan County, Yanan County, a former middle-level cadre of the Yanchang Petroleum Administration explained that due to the relatively independent production of oil fields in northern Shaanxi, it can be said that It is "small and complete," so this reorganization is still only a formal reorganization and not completed.
The most touched are the local government and local drilling companies. According to a person in charge of the Yanxian County Drilling & Production Company, the company now has 2,993 wells, including 324 wells belonging to individual and government joint ventures. This was the way the local government was unable to recover at the time of receiving the rights. But now, the new extension oil only recognizes the government's equity. It is still unclear how this part of the well is disposed. Local individual investors are also very worried about this, fearing to be a victim again.
It is reported that this situation exists in all districts and counties of drilling and mining companies, and the figure is not small, especially some of the oil wells is the local officials directly in the personal name of the shares. In response, the reporter did not receive any answers when interviewing the relevant departments such as the Yanxian County Economic Development Bureau and the Yanchang Petroleum Group.
“Reducing local income is also an important issue.†According to relevant sources, cities and counties now only act as investors and enjoy the right to obtain proceeds from shares, and the taxation belongs to the provincial government. Obviously, the fiscal revenue at the basic level will decrease. If the treatment is not good, the construction and maintenance of oil transportation roads may create new conflicts.
Local Energy Development Desires for a New Road On September 24, at the “share reform†conference held by the Shaanxi Provincial Government, Deputy Governor Zhao Zhengyong inadvertently criticized that the performance of listed companies in Shaanxi is not good because it did not put the mainstream industry in Go in. Zhao said that the newly established extension of oil is very promising, especially the petrochemical industry can be listed on the market. It can be seen that the Shaanxi provincial government is eager to make extended oil a veritable fourth largest oil company.
Shaanxi Province is well aware of the difficulty in establishing this local oil company. According to relevant sources, PetroChina insisted at the time: “Shaanxi local oil companies cannot follow the path of restructuring within the province.†“The integration of Shaanxi local oil companies into CNPC is the key to rationalizing the oil management system.â€
This made Shaanxi local government and CNPC Group's struggle for the right to rectify private oil companies in Shaanxi once entered the peak of the conflict. Now, the news that the extension of the oil (group) is set up may make CNPC, which has become involved in northern Shaanxi, feel jittery.
“The establishment of extended oil is a local victory for local governments and PetroChina when competing for resources development rights.†Professor Yuan Gangming believes that at present, the oil sector is highly centralized and monopolized, and the benefits alone are not bad. Therefore, the monopoly situation of “oil exploitation rights†has been broken. This is clearly something that the central authorities do not want to see; but the central authorities are in no position to deal with the chaotic situation at the local level. Therefore, prolonging the birth of oil is an accident and a correct choice. "But the nationalization of private ownership is wrong," said Professor Yuan, who is most worried about private investors once again becoming victims of restructuring.
The significance of extending oil is to provide a new development idea for Xinjiang Oilfield, Daqing Oilfield, and Ordos Energy Base. “Because the major resources are now fully exploited by the state and then unifiedly allocated, the more resource-rich places are the poorer,†said Professor Yuan Gangming, the extension of the oil company and the establishment of the China Great Wall United Oil Company gave Xinjiang and other geography a clear idea on resource development. The local government will expect more development rights. It is reported that there is also the Xinjiang Corps Petroleum Group's statement.
Yanchang Petroleum has become the fourth largest oil extraction and refining company following PetroChina, Sinopec and CNOOC. In a certain sense, the establishment of the "fourth largest" was a victory for local governments in the struggle for oil resources control by local governments and local governments.
The establishment of the "fourth largest" ended the situation since the exploitation of oil in northern Shaanxi in 1905. In a certain sense, the establishment of the "fourth largest" was a victory for local governments in the struggle for oil resources control by local governments and local governments.
Hard "pregnancy"
“Although it is painful, he still gave birth to it after all!†said Professor Yuan Gangming of the Institute of Economics of the Chinese Academy of Social Sciences, who has always been following the oil of Shaanxi Province.
As early as 1905, the Qing government established the “Extended Petroleum Official Factory†in Yan’an, which has been 100 years old. Previously, two major oil fields, Changqing Oilfield and Yanchang Oilfield, were concentrated here. However, the North Shaanxi oilfield, which belongs to “inefficient oil fieldsâ€, was initially considered by PetroChina as a “chicken ribâ€.
In 1994, local governments in northern Shaanxi introduced various preferential policies to seek private capital to invest in the development of oil resources. Investors from Wenzhou, Shanxi, Inner Mongolia and other places have flooded into this area.
In 1999, the State Economic and Trade Commission issued document No. 1239 requesting the Shaanxi Provincial Government to join PetroChina in mergers and acquisitions, asset acquisitions, and other methods to incorporate private oil wells into Shaanxi Provincial Yanchang Petroleum Industry Group, implement unified management, and ultimately strive for the overall access to PetroChina.
This paper, “Nationalization of Private Oil Wells,†commands a wave of turmoil. The central government issued a "recovery order" - the local government reversed the "recall" order - CNPC again urged the implementation of the "recovery order" - the local government had to preemptively retract the well - CNPC returned to the empty hand. In this tug of war, private investors became victims of the “rights movement.†During the interview in northern Shaanxi, many private investors who were contacted by reporters all referred to it as a “sad place.†Some of them had already left, and some hid Tibet to escape the debts they had originally invested in investing in oil wells, and some took over the government. The joint venture did not dare to show up again.
According to insiders, in the process of Shaanxi Provincial Government and CNPC's struggle for the unified management of oil resources in Northern Shaanxi, the chaos in the development of oilfields in Northern Shaanxi has created another chaos. An oil-spill-refinery-oil-sales industry chain is gradually growing. huge. With the shortage of oil and rising prices, some local farmers even rely on oil to save time and continue to this day.
Now, the birth of the extended oil group is expected to put an end to this chaotic pattern. Prior to this reorganization, Shaanxi Province issued the "Restructuring Plan for Petroleum Enterprises in Northern Shaanxi" (hereinafter referred to as "restructuring plan"). According to informed sources, on September 14, Zhao Zhengyong, executive vice governor of Shaanxi Province, stated at the extended oil formation meeting that the party committees, governments, and drilling and production companies of oil-producing counties and districts must “unconditionally†cooperate with the reorganization of oil companies. jobs. At present, the new leading group for the extension of petroleum has already taken office. According to the plan, it will complete all the work of receiving power by the end of October.
Hidden fears under restructuring According to the “restructuring planâ€, the newly established Yanchang Petroleum will supervise the northern Shaanxi (actually the entire province) including all oil companies including exploration, refining, and sales. In addition to loading all the assets of the extension management bureau, Yanlin Group and Yulin Refinery owned by Shaanxi Yanchang Petroleum Industry Corporation (hereinafter referred to as Shaanxi Yanchang), the company will also include 14 districts and counties under the jurisdiction of Yan'an and Yulin. All oil exploration, mining, refining, sales, and transportation companies are integrated into the unified management of the new company.
The restructured Yanchang Petroleum Group is a wholly state-owned enterprise regulated by the Provincial State-owned Assets Supervision and Administration Commission. The registered capital of the company is 1.2 billion yuan. The share capital was 6.8 billion yuan, of which the Shaanxi Provincial State-owned Assets Supervision and Administration Commission accounted for 51% of the shares, Yan'an City held 44% of the shares, and Yulin City held 5% of the shares in kind.
Chairman of the board of directors and party committee secretary of Yanchang Petroleum Group was formerly the chairman of the Shaanxi Extension Board, Caiyan Hui, and the general manager was Hua Wei, former director of Shaanxi Provincial Industrial Transport Office. At the same time, Cai Hui will also serve as the post of the Chief of the Petroleum Administration. It is reported that the talented metallurgical professional Cai Hui previously served as deputy director of the Shaanxi Provincial Metallurgical Industry Department and executive deputy mayor of Xi'an, "the extension of oil will undoubtedly become the second stage of his political life to achieve the second stage." Xi'an government The person said.
Although the current collection work has entered a countdown, it is still difficult to extend the oil. “What will be arranged after the reorganization, including my personal destiny, is not clear.†In Yongping Town, Yanchuan County, Yanan County, a former middle-level cadre of the Yanchang Petroleum Administration explained that due to the relatively independent production of oil fields in northern Shaanxi, it can be said that It is "small and complete," so this reorganization is still only a formal reorganization and not completed.
The most touched are the local government and local drilling companies. According to a person in charge of the Yanxian County Drilling & Production Company, the company now has 2,993 wells, including 324 wells belonging to individual and government joint ventures. This was the way the local government was unable to recover at the time of receiving the rights. But now, the new extension oil only recognizes the government's equity. It is still unclear how this part of the well is disposed. Local individual investors are also very worried about this, fearing to be a victim again.
It is reported that this situation exists in all districts and counties of drilling and mining companies, and the figure is not small, especially some of the oil wells is the local officials directly in the personal name of the shares. In response, the reporter did not receive any answers when interviewing the relevant departments such as the Yanxian County Economic Development Bureau and the Yanchang Petroleum Group.
“Reducing local income is also an important issue.†According to relevant sources, cities and counties now only act as investors and enjoy the right to obtain proceeds from shares, and the taxation belongs to the provincial government. Obviously, the fiscal revenue at the basic level will decrease. If the treatment is not good, the construction and maintenance of oil transportation roads may create new conflicts.
Local Energy Development Desires for a New Road On September 24, at the “share reform†conference held by the Shaanxi Provincial Government, Deputy Governor Zhao Zhengyong inadvertently criticized that the performance of listed companies in Shaanxi is not good because it did not put the mainstream industry in Go in. Zhao said that the newly established extension of oil is very promising, especially the petrochemical industry can be listed on the market. It can be seen that the Shaanxi provincial government is eager to make extended oil a veritable fourth largest oil company.
Shaanxi Province is well aware of the difficulty in establishing this local oil company. According to relevant sources, PetroChina insisted at the time: “Shaanxi local oil companies cannot follow the path of restructuring within the province.†“The integration of Shaanxi local oil companies into CNPC is the key to rationalizing the oil management system.â€
This made Shaanxi local government and CNPC Group's struggle for the right to rectify private oil companies in Shaanxi once entered the peak of the conflict. Now, the news that the extension of the oil (group) is set up may make CNPC, which has become involved in northern Shaanxi, feel jittery.
“The establishment of extended oil is a local victory for local governments and PetroChina when competing for resources development rights.†Professor Yuan Gangming believes that at present, the oil sector is highly centralized and monopolized, and the benefits alone are not bad. Therefore, the monopoly situation of “oil exploitation rights†has been broken. This is clearly something that the central authorities do not want to see; but the central authorities are in no position to deal with the chaotic situation at the local level. Therefore, prolonging the birth of oil is an accident and a correct choice. "But the nationalization of private ownership is wrong," said Professor Yuan, who is most worried about private investors once again becoming victims of restructuring.
The significance of extending oil is to provide a new development idea for Xinjiang Oilfield, Daqing Oilfield, and Ordos Energy Base. “Because the major resources are now fully exploited by the state and then unifiedly allocated, the more resource-rich places are the poorer,†said Professor Yuan Gangming, the extension of the oil company and the establishment of the China Great Wall United Oil Company gave Xinjiang and other geography a clear idea on resource development. The local government will expect more development rights. It is reported that there is also the Xinjiang Corps Petroleum Group's statement.
Yanchang Petroleum has become the fourth largest oil extraction and refining company following PetroChina, Sinopec and CNOOC. In a certain sense, the establishment of the "fourth largest" was a victory for local governments in the struggle for oil resources control by local governments and local governments.
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