Sustained oil shortage promotes strategic adjustment Sinopec halts diesel exports

Sustained oil shortage promotes strategic adjustment Sinopec halts diesel exports Time: 2003-12-29 8:03:29 Source: Beijing Youth Daily On the 25th, a senior person from Sinopec confirmed to reporters that Sinopec will begin January 1 next year. Daily suspension of diesel exports. This move means that the continuous “oil shortage” has caused oil companies to adjust their export strategies and begin to make every effort to ensure domestic diesel supply. Earlier, it was further reported that in the face of a surge of domestic demand, China Petroleum and Chemical Corporation not only stopped the export of diesel, but also carried out spot purchases in order to deliver on its export commitments to Vietnam. In November, Sinopec’s export of 280,000 tons of diesel “did not explain the other reasons for this move beyond China’s domestic demand,” the Sinopec senior told reporters. According to customs statistics, Sinopec exported a total of 4.7 million tons of steam, coal and diesel from January to November this year. In November, Sinopec exported 280,000 tons of diesel to overseas. The authoritative source told reporters that Sinopec generally exports more to the Americas, accounting for about 40% of total exports. The rest of the region is concentrated in Singapore, Macau, Malaysia and other Asia-Pacific regions. Sinopec and some of these international companies have long-term The purchase and sales contract was provided on a quarterly basis. Therefore, after the decision to stop exports was made, there was a practice of purchasing diesel oil on the international market and fulfilling the contract first. CNPC continues to export gasoline next year Despite the tight diesel, other refined products such as gasoline remain exported. Yesterday, an expert from a subsidiary of China National Petroleum Corporation told the reporter that CNPC has not had any export business for diesel, but gasoline has been exported to Xinma, Malaysia and other Asia-Pacific regions. This year, CNPC has exported 2.4 million tons of gasoline, and it will still meet next year. Continue to export. With tight resources, why does CNPC still export gasoline? The veteran told reporters that the original gasoline exports and the tightness of diesel are also closely linked, due to crude oil processed into petrol and diesel oil, in a refinery equipment, processing 1 ton of gasoline, while processing 1.7 tons of diesel, and The consumption of gasoline and diesel in China is 1:2. In order to meet the tight diesel market supply, some gasoline will be processed during the oil refining process. When these gasolines cannot be digested, they will be exported overseas. Balance the role of domestic and foreign diesel and gasoline. Links: National diesel oil emergencies began in May, some domestic places began to appear tight oil products. At that time, the diesel supply to the Guangzhou public transport system was nearly closed. In mid-September, shortages of gasoline and diesel have already begun to appear in the East China area where power shortage has just begun. Subsequently, this shock wave quickly spread to the northeast, north, south and southwest regions. Into October, the contradiction between the supply and demand in the market has intensified, and the East China and South China regions have frequently become troubled. In late October, Shanghai, Hangzhou, Wenzhou, Guangzhou and other places, diesel shipment prices were fluctuating around 3,250 yuan / ton, at the end of October, Guangzhou, there was no goods stopped batch phenomenon. The tight supply of oil products started from Shanghai around November 7th and later spread to southern Jiangsu and even the entire Yangtze River Delta region. In the three northeastern provinces, Sichuan and Chongqing, news of the shortage of diesel fuel also came. Before November, the wholesale price of Beijing diesel was maintained at 3100 yuan -3200 yuan/ton. In mid-November, there was a shortage of diesel, and the wholesale price per ton of diesel rose steeply to over 3,500 yuan. At the end of November, it rose to 3,600 yuan/ton. From December 6, the price of refined oil in the Beijing area rose again. This price adjustment is the third time this year's oil price adjustment. In mid-December, Xi'an, Qingdao, Hefei and other places, there have been "limited supply" of diesel. At present, the shortage of diesel in Shanghai is still not relieved. The negative No. 10 diesel is still a limited supply, and each vehicle can add up to 100 yuan.

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