During the 13th Five-Year Plan period,the"dual rights"of the right to use imported crude oil and the right to import crude oil will be gradually liberalized,opening up a new situation of orderly competition.Zhi Luxun,deputy director of the Foreign Trade Department of the Ministry of Commerce,revealed that seven local refineries have been qualified to use crude oil and six have been granted the right to import crude oil.It is understood that this is only the first batch of enterprises,and the number of enterprises approved by the Ministry of Commerce in the future should be more than this number.

Reference:Report on the analysis of the current situation of China's crude oil market and the forecast of its operation situation in the next five years.

During the 13th Five-Year Plan period,the"dual rights"of the right to use imported crude oil and the right to import crude oil will be gradually liberalized,opening up a new situation of orderly competition.Zhi Luxun,deputy director of the Foreign Trade Department of the Ministry of Commerce,revealed that seven local refineries have been qualified to use crude oil and six have been granted the right to import crude oil.It is understood that this is only the first batch of enterprises,and the number of enterprises approved by the Ministry of Commerce in the future should be more than this number.

Industry insiders pointed out that as the core issue of the market-oriented reform of refined oil products,the gradual liberalization of the right to use and import imported crude oil in China is an important breakthrough in the reform and opening up of oil and gas.This policy is a supporting measure for the state to further promote the marketization of refined oil products.Anxin Securities said that China should continue to liberalize the right to import crude oil in an orderly manner,and the monopoly on the right to import crude oil in the follow-up needs to be further eliminated,forming a situation in which state-owned oil enterprises are the main ones and other private enterprises cooperate in crude oil import activities.The participation of multiple subjects will be conducive to the marketization of China's oil and gas sector,optimizing the energy structure and ensuring the safety and stability of crude oil supply.Only when the monopoly in the upstream field is released in an orderly manner can the effect of oil and gas reform be effectively transmitted to the middle and lower reaches,otherwise the reform will be difficult to carry out.

It is worth mentioning that the introduction of the overall plan for oil and gas reform,which has attracted much attention,is also approaching.On October 15,the State Council authorized Xinhua News Agency to issue"Several Opinions of the Central Committee of the Communist Party of China and the State Council on Promoting the Reform of Price Mechanism"(hereinafter referred to as"Opinions").The Opinion clearly States that we should accelerate the marketization of energy prices and liberalize the prices of refined oil at an opportune time.The market generally believes that the price reform has made a major breakthrough,which is regarded as a more difficult link in the oil and gas reform.

Since June last year,President Xi Jinping proposed the"energy revolution",and in September this year,Lian Weiliang,deputy director of the National Development and Reform Commission,said that the oil and gas reform plan would be released within the year,and the expectation of oil and gas reform is also rising rapidly.Some media have previously reported that the General Plan for the Reform of Petroleum and Natural Gas System,led by the National Development and Reform Commission and the Energy Bureau,has formed a preliminary draft and is being improved,and is expected to appear at the end of the year.

Shen Wanhongyuan's research report at the end of September said that according to reports from the National Weekly of Finance and Economics and other media,China's new round of oil and gas reform plan may be formally launched at the end of the year.In his mid-term strategy report,Shen Wanhongyuan looked forward to the future direction of oil and gas reform,believing that the overall plan of oil and gas reform is more important in China's energy history than the major oil and gas reforms in 1998.

Some market participants said that with the introduction of the preliminary plan for oil and gas reform approaching,the concept of oil reform is expected to stand in the wind again.Despite the recent downturn in the performance of the market,due to the impact of factors such as maintaining stability,it is difficult for bears to expand their space downward substantially,and local opportunities are still relatively active,while the concept stocks of oil reform standing on the tuyere are expected to become the first choice for hedge funds,and related concept stocks may become a hot spot in the recent market under the expectation that the overall plan of oil and gas reform will be introduced soon.

Zhunyou Co.,Ltd.is the leading oilfield stable production and stimulation technology service enterprise in Xinjiang.Through years of practice and accumulation,the company has comprehensive and integrated oilfield development and management capabilities from oilfield dynamic monitoring data acquisition,data interpretation research and application,to development plan design,treatment plan preparation,to stimulation measures construction and effect evaluation,as well as oilfield block management.The company makes full use of its geographical advantages and actively responds to the national"one belt and one way"strategy,laying out the business of oil and gas development and oilfield technology services in Central Asia.The acquisition of 100%rights and interests of Galaz Oil and Gas in Kazakhstan by the company's equity participation and major shareholders marks the company's formal entry into the field of oil and gas exploration and development.With the advancement of oil reform,the company is expected to become one of the pioneers of domestic private enterprises in the field of oil and gas development.

With more than 50 years of oilfield service experience,COSL is one of the largest integrated service providers of petroleum engineering and oilfield technology in China,and has strong project execution capabilities.It has representative projects such as Puguang Gas Field,Fuling Shale Gas,yuanba Gas Field and Tahe Oilfield,with strong technical strength and revenue scale ranking first among domestic oil service listed companies.The company is in the leading position in the field of shale gas exploration and development,with about 60%of its revenue coming from related party transactions of the group company,while Sinopec's oil and gas production growth mainly comes from tight oil and gas and shale oil and gas in the northwest and southwest regions,which is the biggest beneficiary of the acceleration of unconventional oil and Gas Development.At present,the company's profitability has a huge room for improvement,and the future reform measures such as the introduction of strategic investors and equity incentives are worth looking forward to.

Taishan Petroleum Company is mainly engaged in the purchase and sale of refined oil,is one of the largest regional refined oil sales companies under Sinopec,and is also the only sales listing platform with retail as its main industry.The company's sales area mainly covers Tai'an,Qingdao and Qufu,which occupies more than 80%of the market share in Tai'an area.In 2014,the company's sales revenue of gasoline,diesel and natural gas reached 1.789 billion yuan,2.004 billion yuan and 0.13 billion yuan respectively.