Other State-owned enterprises and private oil companies will be more growth

Other State-owned enterprises and private oil companies will be more growth

January 20, 2010/Dong Xiucheng

At present, China's oil market diversification pattern has been initially built among three major oil groups occupy an important position, and some other State-owned enterprises and private oil companies already have their place in the oil market at home and abroad, is expected in the future is expected to rapidly to oil upstream, such as oil refining, ethylene and aromatics and PTA, and other fields, as well as import and export of crude oil and oil products and warehousing business.

These emerging market will gradually become an important component of China's oil market, enterprise has been expanding, involved in gradually broadened in the field, competition ability gradually enhanced.

Since its accession to the World Trade Organization in China, emerging a number of policies, especially in terms of market access for products introduced measures for the management of the crude oil market and the administrative measures on the oil products market, from a legal point of view has changed over the past two oil group to market the main policy to allow other State-owned enterprises and private enterprises involved in traditional oil field, started stressing the cultivation and development of diversified market.

For other State-owned enterprises and private oil companies in China, is a very good policy environment and development, are important for their future development.