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    Home > Chemicals Industry > Rubber Plastic News > Oil prices soar, petrochemicals mixed

    Oil prices soar, petrochemicals mixed

    • Last Update: 2022-09-21
    • Source: Internet
    • Author: User
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    On February 24, Russian President Vladimir Putin said in an emergency televised speech on the situation in Ukraine that he had decided to conduct a special military operation in the Donbas region


    The continued rise of international oil prices will first increase the operating costs of the national economy


    The continued rise of international oil prices will first increase the operating costs of the national economy


    China's oil and natural gas import ranks first in the world and is still growing, with a high degree of foreign dependence


    Secondly, it will reduce the economic benefits of refining and chemical enterprises


    According to China's oil price adjustment mechanism, the price of refined oil is calculated according to the normal processing profit rate.


    However, the continuous rise of international oil prices is beneficial to the oil and gas exploration industry and the coal chemical industry


    Continuously rising oil prices will prompt oil and gas exploration companies to increase reserves and increase production


    As we all know, when the international oil price is higher than 40 US dollars / barrel, the country should be divided


    According to the "Decision of the State Council on Levying the Special Petroleum Income Fund" and "Administrative Measures for the Collection of Petroleum Special Income Fund", since March 26, 2006, the state has imposed restrictions on the sale of domestic crude oil by oil exploration enterprises because the price exceeds a certain level (US$40 per oil barrels) will be subject to a pro-rata special oil gain


    Based on 200 million tons of domestic crude oil in China, 260 billion yuan in profits and taxes can be added, which will help upstream oil exploration companies increase investment in exploration and production, increase reserves and production, and make greater contributions to ensuring oil and gas safety


    Rising oil prices will also improve the economics of the coal chemical industry


    On the one hand, the rise in international oil prices will directly benefit the economic operation of the coal-to-oil (gas) projects that have been built; Prices have yet to rise in tandem with crude oil prices


    Throughout the first 20 years, international oil prices have also fluctuated greatly


    China's coal chemical industry has always adhered to this principle
    .
    Especially since the end of last year, after General Secretary Xi Jinping inspected the Yulin coal chemical project, the pace of domestic development of clean and efficient utilization of coal has become more determined

    .
    Raw coal is not included in the total energy consumption and the improvement of the "double control" method of energy consumption has also created a better development environment for the coal chemical industry aiming at the clean and efficient utilization of coal, and guided the domestic coal chemical industry to enter high-quality development.
    new stage

    .
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