v3 Chapter 1337： Xiangjiang Oil Market

Chapter 1336 Xiangjiang Oil Market (first more seeking subscription)

"Mr. Xia, in terms of policies, the Hong Kong government has given a lot of support to these three industries, but in the final analysis, market players still need to play a supporting role."

"The Hong Kong government has been actively inviting investment, but in these major industries, foreign giants are not interested, and local capital investment is relatively small, so it is difficult to see results."

"Especially the petrochemical industry, since Hong Kong determined its development strategy, it has been severely constrained. They are all from Star City. In the face of Star City's competition, it is difficult for Xiangjiang to attract investment from giants."

Su Xingjian finished talking about the difficulties, and looked at Xia Yu helplessly.

The market economy is like this. The government can only play a guiding and auxiliary role. In the final analysis, it depends on whether capital is willing to invest. If capital is unwilling, then it will be on the wax.

Among these three industries, the petrochemical industry has the greatest potential. However, the economic added value in the first half of the year is only HK$1.786 billion, and it will be more than HK$3 billion in the whole year, except for a series of small-scale investment companies with local capital. , Which is the contribution of the gas station market.

It is not that the Hong Kong government is not working hard, it is that Star City is too insidious. It uses its market position and advantages to continue to sabotage Xiangjiang and make international oil giants give up investment in Xiangjiang.

This is to stifle the petrochemical market of Hong Kong at the very beginning stage and avoid future competition.

"Mr. Xia, today I specially brought over the development report of Star City's petrochemical industry, which I specially asked for investigation."

Speaking, Su Xingjian took out another document and handed it to Xia Yu.

Xia Yu didn't say much, and read the report after receiving the report.

The current status of the petrochemical industry in Star City was gradually learned by Xia Yu.

Star City, which is smaller than Xiangjiang, has almost no mineral and petroleum resources. At this time, it is already a famous refining country in Asia, ranking first in Asia and third in the world, second only to Houston in the United States and Rotterdam in the Netherlands. .

Star City’s oil refining industry has become one of the main pillars of Star City’s economic achievements. It currently accounts for 37% of Star City’s entire industrial output value, and petroleum product exports account for one third of Star City’s total exports!

All of this has to be talked about more than 20 years ago.

In 1960, Star City had almost just obtained autonomy, thinking about finding a suitable development path for Star City based on its own situation.

At that time, the Star City government adopted the industrialization plan designed by the Dutch economist Albert Winsmin’s team, and developed the petrochemical industry as a pillar industry.

Under the guidance of this industrial plan, Star City introduced the first batch of large multinational oil giants to land, such as Royal Dutch Shell Petroleum Company which entered in 1961, British Petroleum Company which entered in 1964, and Exxon Oil Company which entered in 1966. .

Then in 1973, there was a very crucial step, that is, Star City Development Bank, BP and Caltex, a subsidiary of Chevron, jointly invested in the establishment of Star City Refining Company that year.

Currently, Star City Refinery has five refineries, which belong to Star City Shell Petroleum Company and Star City Exxon Petroleum Company. Star City Mobile Petroleum Company, Star City Refining Company and BP.

Among the five major oil refineries, the highest production capacity is Star City Shell Petroleum Company, with a daily refining capacity of 440,000 barrels, followed by Star City Exxon Oil Company’s 225,000 barrels per day, and Star City Mobile Petroleum Company’s 200,000 barrels per day. Star City Refining Company’s 155,000 barrels per day and BP’s 25,000 barrels per day.

Total 1.045 million barrels/day!

For the whole year, it is 380 million barrels/year, which is equivalent to 53 million tons/year of oil refining capacity!

Of course, this capacity is the capacity under the condition of full capacity operation. In fact, the operating rate of the five major refineries in Star City is about 80%, which is higher than the 50% to 70% of developed countries in Europe and America.

Currently, the daily oil refining capacity is about 844,000 barrels per day, of which 174,000 barrels are for domestic consumption, 340,000 barrels are for export, and 330,000 barrels are processed for Indonesia, Malaysia, Bangladesh and other oil companies.

Among the 340,000 barrels exported, the largest market is island countries, which absorbed 22% of the export value.

Followed by Xiangjiang, which absorbed 18% of the export value, about 62,000 barrels per day!

Even according to the current situation, Hong Kong has to import more than three million tons of oil from Star City in one year.

And Xiangjiang’s current oil consumption is an average of 138,000 barrels per day. It is estimated that it will reach 7 million tons throughout the year, basically relying on imports!

So the oil exported by Star City to Heung Kong accounted for nearly half of Heung Kong's oil imports!

……

"So, last year, the value of Heung Kong's oil imports was about 2 billion U.S. dollars?"

After reading the information, Xia Yu came up with international crude oil prices and Xiangjiang’s local gasoline prices in his mind. Combined with the local oil consumption of Xiangjiang last year, he calculated an answer.

"Yes, in that range!"

Su Xingjian nodded and said.

2 billion US dollars is not a small amount, it is 12.3 billion in Hong Kong dollars.

If there is a local oil refining company in Xiangjiang that can eat this market, it will be based on a gross profit margin of 30% to 40%.

means that gross profit will reach 3.69 billion-4.92 billion Hong Kong dollars!

So the net profit has at least more than two billion Hong Kong dollars!

Hong Kong’s local oil market is enough to support an oil refining company with a market value of more than 20 billion yuan. This is only the oil refining sector, excluding the oil retail market.

With the geographical advantage of Xiangjiang, at the junction of the Pacific and Indian Oceans, the geographical advantage is actually equivalent to that of Star City.

The most important thing is that Xiangjiang is closer to the Southeast Peninsula, closer to island countries and Taiwan Province, and backed by the mainland with endless potential in the future. The development potential of Xiangjiang’s petrochemical industry is higher than that of Star City!

The future generations of Star City have been firmly seated on the throne of the world's three major oil refining centers, and Xiangjiang is also eligible to compete.

As far as Xia Yu knows, the world's top ten top oil refineries will be occupied by Asia, except for the Middle East, and South Korea will have only three. India and Star City are the only remaining ones, and South Korea’s three are more than Star City’s. Big.

This proves that the refining market in Asia is still in an incremental market and there is still a lot of room for market competition.

Although Xiangjiang has a weak foundation, there is still time and space to catch up.

Only now because of Star City, it is difficult to attract international oil giants to invest in Xiangjiang.

There are many big players in Hong Kong who have the strength to invest in refineries, but they all suffer from lack of technology and experience, and there are huge competition risks. The advantages in their hands are not enough to hedge the risks, so that the current situation appears.

Sure enough, at the critical moment, he still has to rely on him!

It happened that his Pacific Petroleum Company annexed Gulf Oil Company’s refining operations in Northern Europe and Western Europe, which has stabilized after nearly half a year of integration .

After   , Xia Yu and Su Xingjian talked about the big health industry and the tourism and entertainment industry. He had a general idea in his mind, but he needed to further understand and judge.

……

"Governor Su, I know, I will solve the development difficulties encountered by these three industries."

"It's just that the Hong Kong government's policy support is needed at that time. I'm asking someone to contact you directly."

Xia Yu took a sip of tea, said with a faint smile, and took everything over.

Su Xingjian immediately relieved his heart, and said with a smile on his face: "No problem, as long as I am still in Hong Kong for a day, the Governor of Hong Kong will be able to provide full assistance."

"Mr. Xia, then I won't bother you for now, it's fine for me to go back."

"Ok."

"Jianning, send Governor Su for me."

"Okay, Chairman."

……

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(End of this chapter)