Challenge the two giants China National Offshore Oil Corporation in May the main oil city of Guangdong

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 referred to as China Sea oil) is one of the largest national oil company, in charge of foreign cooperation in China’s waters and the exploitation of offshore oil and natural gas resources is China’s largest offshore oil and gas producers. As Guangdong less gasoline and diesel market, and its Huizhou refinery has been put into operation by the end of March in the near future in Guangdong, China National Offshore Oil publicity sales force, currently has a small to large private filling stations to brokers or traders players the different types of publicity and commitment from the beginning in May to guarantee the supply of good feedback from the market, gasoline and diesel market share in Guangdong is expected 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 a diagram of brokers and traders said that where the wholesale price of CNOOC has not yet been finalized, but in Huizhou and Guangdong in terms of sales, equated with Sinopec and PetroChina, CNOOC’s offer in complete than Sinopec and China National Petroleum Corporation the couple businesses a low 200 per / ton, but later those policies as a sure tryout of time, so CNOOC can not be low-cost gains, but also much of the republican 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.