Chapter 1017

The coastline of East China is tortuous and long, but the terrain of East China is flat, mostly River alluvial plains, and the offshore is silt filled shoals and shallow water.

Generally speaking, there is no deep-water port without high mountains. The deep-water port resources in East China are extremely scarce. Wenzhou City in eastern Zhejiang is also located in the sea uplift section of the platform landform in eastern Zhejiang, so it has excellent deep-water port resources.

Although there is no suitable deep-water channel along the coast of Xinting, a section of platform in the south of Xinting slides into the trough, intermittently, forming offshore islands. The islands are immersed in the sea water, which is the landform of steep peaks. In addition, the special tidal channel near the estuary of Xiaojiang River makes Xinting's deep-water channel resources better than Wenzhou.

Wenzhou deep-water port can be built along the coast. Xinting deep-water port must be built on an island several kilometers offshore. On the one hand, it is necessary to build a channel between the island and the land. On the other hand, the land for port development on the island is extremely limited, and large-scale reclamation projects are needed to obtain development land.

The construction cost of island land passage is high, but no matter how high it is, it is limited. The investment of 1.8 billion in a sea crossing bridge is beyond people's imagination, but the more expensive is the reclamation project.

In 1999, the price of industrial land in China varied from place to place, but in order to attract investment, all localities introduced extremely preferential policies. The actual transfer price of industrial land was less than 100000 yuan per mu, mostly about 35000 yuan. However, the relatively low cost of beach reclamation was more than 150000 yuan per mu.

Dongshan port economic development zone needs to enclose 400 square kilometers of beaches as industrial reserve land, and the total investment in this part alone is close to 100 billion yuan. Such a high cost is also the fundamental reason why the state has been unable to make up its mind to build Dongshan port after more than ten years of planning.

With the development of domestic economy and the increasing dependence on foreign trade, especially foreign energy and industrial raw materials, ocean shipping is mostly large ships with a capacity of more than 100000 tons. The advantages of deep-water port resources are gradually highlighted, and the port construction project of Dongshan Island has the advantage of marginal benefits.

For a 10 million ton iron and steel industry base, the first phase of the reclamation project is only four square kilometers, and the investment will be more than one billion yuan. It is quite polite to get land elsewhere and pay the local government two or three billion yuan. However, compared with the advantages provided by the deep-water port in the transportation cost of raw materials after completion, the extra construction cost paid at this time is more than one billion yuan, It's nothing at all.

Such a simple and clear cost comparison is also applicable to heavy refining and chemical enterprises.

The resources of deep-water seaports in East China are limited, and this region will have a very serious dependence on crude oil import in the future. The limited resources of deep-water seaports are naturally the focus of petrochemical giants. Whoever can complete the industrial layout in these ports in advance will have a natural advantage in the market of this region.

Wenzhou port is the site of Sinopec. Sinopec has built an 8 million ton refining and chemical base in Wenzhou, which also makes Sinopec have a strong advantage in the East China market. Neither PetroChina nor CNOOC can squeeze into Wenzhou in eastern Zhejiang. The newly added Xinting Dongshan port is the focus of the change of oil market power in East China, which is the most important area of domestic oil consumption.

When Zhang Ke considered promoting the port construction project of Dongshan Island, he never worried that he could not attract investment in heavy refining and refining projects. When planning Dongshan Port Economic Zone, he planned steel, shipbuilding and refining as the pillar industries of Dongshan port.

In 1998, the annual crude oil import reached 40 million tons. Due to the increasingly stable domestic crude oil exploitation, it is difficult to increase significantly in a short time. In the future, every new oil demand in the market will almost rely on import - experts at home and abroad predict that China's annual total oil import will reach 180 million tons by 2020, It is predicted that crude oil prices will stabilize between us $22 and US $24 per ton in the future. However, Zhang Ke knows that by the end of 2007, domestic oil imports will approach 200 million tons, and the peak of international crude oil prices will approach the limit of US $180 per ton.

If the state liberalizes oil refining and crude oil import for private capital, Zhang Ke will certainly not hesitate to command Jinhu commercial to rush into the fields of crude oil import, oil refining and refined oil sales, but he knows that the central government's policy insistence in the field of basic energy can only be PetroChina, Sinopec CNOOC, the three super central enterprise aircraft carriers, are proud of the Jianghu and plunder huge profits in the domestic refined oil market.

Of course, since CNOOC has long been an upstream enterprise engaged in oil and gas exploitation, it has a natural disadvantage to PetroChina and Sinopec in the fields of oil refining and product oil sales and other petrochemical raw material refining and sales. However, it does not mean that CNOOC does not want to break through under the pressure of PetroChina and Sinopec. On the other hand, PetroChina Sinopec does not want to emerge a strong competitor in the domestic market.

Although these three enterprises are all enterprises directly under the central government, although the market competition between them is directly intervened by the central government, they all have their own interests and fight openly and secretly. The means are not more boring than the intrigues and intrigues seen in ordinary shopping malls.

Since Sinopec has formed an industrial layout in Wenzhou City, there is no special reason. The additional investment in East China will not be outside Wenzhou. At this time, PetroChina is busy with the industrial layout in North China, Northeast China and other regions, and has no time to take into account the new pavilion. In fact, it leaves an excellent gap for CNOOC to enter the crude oil refining and refined oil sales market.

In 1998 and 1999, PetroChina, Sinopec and CNOOC were in the primary stage of industrial monopoly and had not yet plundered enough huge profits from the domestic oil market. For future annual profits of more than 100 billion yuan, PetroChina's annual profit in 1998 was only more than 10 billion yuan. For a long time, CNOOC, which has only engaged in pure upstream business of oil and gas exploitation, had lower annual profits.

The investment of heavy refining and chemical projects is often more than 10 billion yuan. If the investment scale is small, it can not reflect the cost advantage of deep-water seaport and ocean transportation. However, the projects with more than 10 billion yuan are still huge for CNOOC at this time.

Although we are not worried that Dongshan port will not attract investment in heavy refining and chemical projects after its completion, it is common for such large-scale projects to be delayed for seven or eight years.

Now, Jiangnan province focuses on Xinting for economic recovery. The earlier Xinting forms economies of scale, the more it can bring economic growth in other regions. Not only does the hope of economic recovery and growth in Jiangnan province rest on Dongshan port, but Tang Xueqian, who is in charge of Dongshan port construction and industrial development in the province, also depends on the rapid development of Dongshan port to a considerable extent. Even considering his political achievements, Zhang Ke also wants to help Tang Xueqian promote the launch of some large-scale projects in the new pavilion as soon as possible. Of course, he doesn't want the refining and chemical project of Dongshan port to be delayed for seven or eight years, and the dishes will be cold for seven or eight years.

Zhang Ke suggested that Jiangnan province make full use of the contradictions between these central enterprises to promote some things. It should not only promote CNOOC to build a refining and chemical base in Xinting, but also be bolder, break the central government's unified deployment for the integration of petrochemical upstream industries, and let CNOOC implement the integration of Jinshan Petroleum - although in the central government's unified deployment, Jinshan oil should be accepted by Sinopec, but Sinopec is so indifferent to Jiangnan Province, and Sinopec has built a refining and chemical base in Wenzhou City. Letting Sinopec accept Jinshan oil will definitely delay the development of Jiangnan refining and chemical industry. Cooperation with Sinopec is fundamentally not in line with the local interests of Jiangnan province.

Of course, this will offend Sinopec, but Sinopec's neglect of the places in Jiangnan Province, and the places in Jiangnan province have to give them a good face. It's really cheap - to win over CNOOC is the thing to do now.

Zhang Ke and Tang Xueqian discussed in the study for a long time, and discussed which aspects to start from. If CNOOC really wants to see the possibility of integrating Jinshan oil, they will naturally stand up and attack.

The port construction on Dongshan Island has not been officially started for half a year. The first phase of the project will be built in Chengdu two years later. However, it is imperative that Xinting port economy rises and becomes a pole in the overall economic situation of Jiangnan province.

In addition to 400 square kilometers of beaches within the planned red line of Dongshan Port Industrial Zone, nearly 100 square kilometers of industrial land is also zoned into the new pavilion. The engineering cost of beach land reclamation is very high, but the cost of land demolition and leveling directly allocated is very low. Dongshan port only needs to attract investment with deep-water harbor resources and the preferential policies given by the state to the port industrial zone. It does not need to learn from other regions to reduce the industrial land price to attract investment, as long as all land transfer prices are equal to the cost of land reclamation, Xinting gains tens of billions from the transfer of industrial land, which can compensate the infrastructure investment in the port industrial zone to the greatest extent and alleviate the local financial pressure of provinces and cities. For the port industrial government of provinces and cities, the key is to introduce some core high-quality industrial projects.

The current advantage of Jiangnan province is that the provincial Party committee team has highly consistent opinions on economic development, and the division of labor rights and responsibilities is also very clear. Xu Xueping has the determination to break the boat, and does not play the game of checks and balances in the province. Who should go down, who should go up and who should go to jail is unambiguous. Withstanding the greatest pressure, the economic work pressure of the provincial government has been reduced a lot, and the speed of decision-making is fast, It is also rare in other places.

Zhang Ke accompanied Tang Jing to Jinshan for three days. After sending Tang Jing to the plane to Hong Kong, he accompanied Tang Xueqian to Xinting to participate in the negotiation between CNOOC and Dongshan Port Industrial Zone on investment in the construction of East China Sea oil production support base and storage base.

At this time, CNOOC is only planning the production support base and storage base, which is still a long way from the real decision-making investment and construction. Tang Xueqian came to Xinting to promote this first.

This project is very common in China, and the total investment is only more than 1 billion yuan. Compared with the 20 billion yuan infrastructure investment of Dongshan port and the 10 million ton iron and steel industry base project, it is not eye-catching at all, and even far less than the investment of Yangpu shipbuilding industry base. The domestic media have deliberately played down the report on this matter, but RB domestic media have hyped it, Try to exert pressure on China through various channels to prevent CNOOC from this project.

CNOOC plans to build a production support base in Dongshan port, mainly to serve the large-scale exploitation of oil and gas resources in the boundary sea area of the East China Sea.

Since 1974, China has carried out oil and gas exploration in the East China Sea and found many oil fields. In 1995, Hongxing company successfully drilled oil in the boundary area of the East China Sea. Since China's offshore oil and gas resources are monopolized by CNOOC, the construction task of offshore oil wells in this area will be transferred to CNOOC, which will also be the largest offshore oil field invested and built by China in the East China Sea.

The boundary oil and gas field is only 10km away from the East China Sea Boundary unilaterally drawn by Japan. Japan believes that a considerable part of the whole oil and gas field is in the RB sea area, and the exploitation point of CNOOC is the basin bottom (depression) of the whole oil and gas field. Once CNOOC exploits oil and gas here, The Japanese side is worried that the oil and gas resources in their territory will flow beyond the boundary through the ore veins. On the other hand, Japan's exploration of oil and gas resources in the East China Sea has just begun. It is unable to compete with China for submarine oil and gas resources in this region. It can only hope to disrupt the situation and exert pressure to disrupt China's oil and gas exploration deployment in the East China Sea.

Although it is said that the development of the boundary oil and gas field is carried out on China's offshore continental shelf completely undisputed with Japan, some officials of the central ministries and commissions still have an ambiguous attitude considering their diplomatic relations with Japan, sometimes support CNOOC's project and sometimes hesitate.

As the direct input of oil and gas resources in the boundary sea area, the East China Sea and Jiangnan provinces certainly hope that the central government will take a tougher attitude, promote the whole project as soon as possible, and give priority to the development of the oil and gas field in the exploitation of offshore oil and gas resources in the East China Sea.

After Zhang Ke accompanied Tang Xueqian to the new pavilion, ye Jianbin also rushed to the new pavilion from Beijing, but the news he brought back from Beijing was not pleasant.

"RB's attitude towards dividing oil and gas fields has changed. Mitsui petroleum exploration company is proposed to jointly invest in the development of Chunxiao oil and gas resources, and the income from oil and gas resources is distributed according to the proportion of investment." without outsiders, ye Jianbin will not be restrained in front of Tang Xueqian, and will sit together and talk casually. Only Meng Xueqing still maintains a restrained attitude.

"Everything has something to do with Mitsui," Zhang Ke said roughly. "It's necessary to be so scrupulous about the attitude of the Japanese side when exploiting oil and gas in the undisputed sea area?" he asked Ye Jianbin, "what are the attitudes of the officials of the central ministries and commissions?"

"The leaders were silent, but the officials in charge of the Energy Bureau within the Development Committee of the Planning Commission clearly supported the proposal," Ye Jianbin was angry at the news, and calmed down at this time with a little more disdain in his tone, "The officials who support this proposal also want to try their best to pull the issue out of politics, saying that the cost of offshore crude oil exploitation is slightly higher than the international crude oil price. At present, the international crude oil price is still declining, and there is not much interest in it. Attracting Mitsui's investment is not selling national rights and interests, but introducing foreign capital into the domestic oil and gas exploitation field Share the investment pressure of CNOOC. "

"That's bullshit. If the field of crude oil exploitation can be liberalized to foreign capital, should it be liberalized to private capital? Jinhu can spend three or five dollars to invest in the boundary oil and gas fields. I don't know what the face of these officials is?" Zhang Ke sneered helplessly.

The construction scale of phase I of the boundary oil and gas field is also limited, and US $3.5 billion has accounted for nearly half of the proportion. Although the cost of offshore crude oil exploitation is very high, it is mainly supplied to refineries in the East China Sea and Jiangnan, which has the advantage of transportation and can obtain meager profits. At present, the meager profits are second, and the domestic dependence on crude oil import is increasing, even if only under consideration China's economic development speed can also steadily promote the rise of international crude oil prices.

"Oh, they are still in the name of technical cooperation," said Ye Jianbin.

"Even if we want to carry out technical cooperation with foreign companies, oil companies in Britain, the United States and other countries have stronger technology in the field of offshore oil and gas exploitation, we can't get Mitsui involved - if Mitsui really wants to be involved in the name of technical cooperation, they can be invited to invest in offshore oil and gas exploitation equipment projects in Xinting."

"Don't expect Japan to be so stupid," Ye Jianbin said with a smile.

"Of course they are not so stupid." Zhang Ke shook his head and smiled helplessly. The development of domestic offshore oil and gas exploitation equipment industry will only further promote the domestic exploitation of oil and gas resources in the East China Sea. He previously thought that Dongshan port industrial zone should attract offshore oil and gas exploitation equipment projects, so that Dongshan port can form a complete industrial chain of offshore oil and gas exploitation service support, equipment support and crude oil refining.

Tang Xueqian said: "we still need to contact the senior management of CNOOC to see what CNOOC's attitude is. After all, CNOOC is a direct participant. CNOOC can resolutely resist and other talents can better stand up and speak." PetroChina, Sinopec and CNOOC are all ministerial enterprises. Their actual positioning is slightly lower than that of provincial and ministerial level, but higher than that of deputy ministerial level. The Energy Bureau of the planning and development commission only belongs to the department level, and the deputy director of the planning and Development Commission in charge is only the Deputy ministerial level. Since the problem is discussed outside politics, CNOOC can completely deny the significance within the planning and Development Commission.

"Can I talk to Liu Chengwei about this tomorrow?" Ye Jianbin asked with a frown.

Liu Chengwei is the Deputy Secretary of the Party group of CNOOC. The production support base project is only in the preliminary negotiation stage with Xinting. CNOOC does not need senior leaders at his level to participate in the plan, but Jiangnan province suddenly attaches great importance to the project. Executive vice governor Tang Xueqian personally went to Xinting to promote the project, and CNOOC will not neglect it.

There is also the meaning of Lang Qing and concubine. From CNOOC's positive attitude, it can be seen that CNOOC still has some expectations for opening the gap into the refined oil market from Jiangnan province.

It's just that tomorrow's meeting is a little formal, and I'm not familiar with Liu Chengwei. It's not appropriate to talk about this issue rashly. Tang Xueqian frowned and seemed to have to find another way.

"Let's talk." Zhang Ke knocked on the armrest of the chair and suddenly decided.

"How to talk?" Ye Jianbin turned and asked Zhang Ke.

Jinhu commercial has no business contact with CNOOC. It's too much to talk to Liu Chengwei about preventing Mitsui from participating in the development of boundary oil and gas fields on behalf of Japan. Although Ye Jianbin has the impulse to take things down, Jinhu's impulsive participation will only spoil the situation and do harm to Jinhu.

"Let's not talk about this first," Zhang Ke said with a smile, "Let's talk about CNOOC's listing in Hong Kong first - there are too many restrictions on private capital entering the oil industry in China, and these restrictions are unlikely to be relaxed in the past decade. Jinhu will not directly get involved in these fields, but PetroChina, Sinopec and CNOOC are actively promoting overseas listing plans and want to enter the overseas capital market for financing. Jinhu invests with overseas capital It is also feasible to enter the domestic oil industry indirectly in the form of... "

"This is a way. CNOOC's listing plan in Hong Kong seems to lack the enthusiasm of investors," Ye Jianbin nodded and asked, "but you can rest assured of these central enterprises?"

"Regardless of the future development of the oil industry, CNOOC has long cooperated with international companies in the field of offshore oil exploitation. In terms of management, it has the highest degree of internationalization, regardless of profitability, and the asset quality is quite good," Zhang Ke said, "In addition, even if we participate, overseas capital investors - state-owned enterprises listed overseas are much more disciplined than those listed at home... Jinhu should not only personally participate in the stock offering of CNOOC in Hong Kong stock market, but also help them find more capital partners among Chinese businessmen in Southeast Asia. In this way, we also have sufficient reasons to support CNOOC's use of East Asia Shangang is a platform to enter the refined oil market. "

Zhang Ke probably remembers that in July 1999, CNOOC's attempt to list on the Hong Kong stock market was seriously thwarted. CNOOC, which was determined to list on the Hong Kong joint stock exchange, was almost stunned at that time, which affected the layout of CNOOC in the domestic and foreign oil industry chain. It was already may. I believe the senior management of CNOOC had felt that it came from the Hong Kong capital market This is a crisis. Jinhu should not be rejected.

At present, although it is said that it has come out of the shadow of the Asian financial storm, the expectation of economic contraction is still very strong, and the wave of new technology is surging desperately, but the life in the traditional industry is not easy. The biggest factor for the failure of CNOOC's listing is also the oversupply of crude oil market in 1999, the continuous decline of crude oil prices, and the high cost of offshore oil exploitation, CNOOC's The business area is very narrow. Once the crude oil price falls below the offshore exploitation cost, CNOOC will only have a net loss, and other means to make up for the loss are temporarily insufficient - in addition, investors are worried that CNOOC's offshore oil franchise will be invaded by PetroChina and Sinopec.

No matter how much CNOOC's offshore oil franchise will invade PetroChina and Sinopec, as long as CNOOC has complete market access authority in China, it is enough for Jinhu to participate in CNOOC's overseas listing with a high attitude. In fact, CNOOC, PetroChina, Sinopec and other giants will also pay dividends to overseas investors after listing overseas "Generosity and generosity", which is so generous that domestic small and medium-sized investors hate it.

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