Qingdao Shibei District: International Oil and Gas Trading Center is about to emerge

Original source: International Business Daily

Author: Wei Qiao

Qingdao Shibei District is the location of the international cruise port area.

The establishment of the International Oil and Gas Trading Center will actively undertake the benefits brought by the signing of RCEP, give full play to the advantages of Qingdao’s finance, location, ports, and talents, build a functional system integrating transaction, information, finance, and logistics, and build services.

Regional advantages are highlighted

As the core area of ​​Qingdao's international shipping trade financial innovation center, Shibei District has planned the Qingdao International Cruise Homeport Area with high standards around the construction of a new platform for international cooperation under the “One Belt and One Road” initiative.

On the one hand, Shibei District is located in the core area of ​​the main city, with superior geographical location and natural environment.

On the other hand, Shibei District has attracted shipping research institutions such as the Qingdao Research Institute of Shanghai Maritime University, and a number of well-known companies such as China Classification Society, Det Norske Veritas, Sinotrans, and Shandong Shipping, highlighting the "shipping" of Shibei District.

Third, Shibei District has close cooperation with RCEP member countries in the field of foreign trade.

Fourth, Shibei District has a profound historical and cultural heritage as well as strong development potential.

　　Fifth, sufficient land resources provide Shibei District with the innate conditions for the development of RCEP Qingdao's pilot innovative experimental base for economic and trade cooperation.

　　Strive to achieve "four streams in one"

　　According to the plan, the construction of an international oil and gas trading center in Shibei District will prepare an online trading platform for oil and gas commodities, a financial service platform, and an information service platform.

　　In order to achieve the above goals, the International Oil and Gas Trading Center will integrate the industrial resources and market resources of the oil supply chain through the use of media functions, information service functions, industrial organization functions, and interest coordination and other platform functions to drive enterprises to continue technological innovation and business Model innovation and use a highly viscous platform economy to promote industrial development.

　　In addition, relying on the financial service function of the platform, the International Oil and Gas Trading Center will play the role of the platform for the storage and delivery of refined oil on the platform, and will target to build the largest domestic refined oil trading factoring company, and introduce property insurance companies to customize the performance of refined oil trading companies.

　　Specifically, the International Oil and Gas Trading Center intends to work with Huaheng Energy, the United Nations National Material Reserve Bureau and other national agencies, and provincial port groups, Sinochem, China National Offshore Oil Corporation, China National Aviation Fuel Corporation, China National Marine Fuel Co.

　　In the basic model, the center will be supported by spot trading of refined oil products.

　　In terms of the innovative model, the State Bureau of Material Reserves will be introduced to participate in the construction of the trading center, and it will use its 24 provinces across the country to build a refined oil depot with a storage capacity of approximately 10 million cubic meters as a carrier for the storage and delivery of refined oil on the platform.