In late August, the State Development Planning Commission was the first to approve the project, and 10 days later, the feasibility report was approved.

The main reason for SDIC to participate in the joint venture is to send representatives to the board of directors of Xinpu Refining & Chemical Group to participate in the supervision of the construction and operation of the project, and there are no cumbersome conditions.

In addition to sending people to the board of directors, it was also agreed that they would be responsible for providing 3 million tons of crude oil per year after the completion of the company, which would monopolize 60% of the future supply of raw materials for the company.

Although Meigang has an annual overseas crude oil import quota of 600,000 tons, it can only meet one-tenth of the demand for crude oil of the two plants of Zhunan Refining and Chemical Co., Ltd. and Xinpu Refinery & Chemical Co., Ltd., and the main domestic crude oil supply market is bound to be divided by PetroChina, Sinopec and CNOOC.

However, since 92 years, the state has allowed private enterprises to enter the refined oil market, and this year, almost all of the newly added oil depots and gas stations in East and South China are invested and built by private enterprises.

The Xie family's SITC Group has a large scale of operation in the South China refined oil market.

Relatively speaking, the three national oil groups, the Petroleum Corporation, the Petrochemical Corporation and the Offshore Oil Corporation, have mainly focused their energy and capital on crude oil exploitation and refining over the years, and their performance in the refined oil market is quite conservative, which can be described as a steady decline.

In recent years, private enterprises have made great progress in the refined oil market, and even occupy as much as 80% of the market share, but the capital of private oil enterprises is weak and scattered, such as SITC Group's assets in the stone oil business are only three or four billion, and in terms of crude oil imports and refined oil imports, they are even more stuck.

At the same time, private oil enterprises do not have enough capital and technical strength to enter the field of crude oil refining, and the cooperation with local state-owned refining and chemical enterprises is only a buying and selling relationship, lacking a deep cooperative relationship.

Therefore, the three major national oil groups have no intention of encircling and suppressing private enterprises in the refined oil market at this time, but they have maintained great vigilance about the possibility of Meigang entering the refined oil market in the future - this is not something that Cao Guangming, who is mainly responsible for negotiating with Meigang, can change his personal will.

Needless to say, Meigang's capital strength is self-evident, and after the completion of Xinpu Refining & Chemical Co., Ltd. and Zhunan Refinery, which it controls, it will be able to supply 70% to 80% of the fuel oil to the refined oil market in Huaihai Province every year.

If there is no restriction, there is no problem for Meigang to exclude the three major national oil groups from the refined oil market in Huaihai Province in the future.

As for who reminded behind the scenes, it is not clear that Vice Premier Xu Zhihua's instructions directly mentioned the construction of the refined oil market in Huaihai Province.

Vice Premier Xu Zhihua's instructions were there, and Meigang had no intention of confronting at this time, so in the subsequent supplementary agreement, CNOOC directly monopolized the sales of refined oil products produced by Xinpu Refining & Chemical in the future.

The favorable condition for Meigang is that it no longer has to undertake the construction of the refined oil depot.

The assets that have been invested in the construction of the refined oil depot by Zhunan Refining & Chemical Co., Ltd. and Xinpu Refining & Chemical Co., Ltd. are all acquired by the subsidiaries established by CNOOC, and Meigang can save about 400 million yuan in construction funds.

In this regard, we can also see the policy trend of the state in industrial development, especially in the economic lifeline industry.

Even local state-owned enterprises, Zhongyāng is currently only allowed to participate in the development of the energy industry chain, but does not support their full penetration into the energy industry chain.

However, at the beginning of Shen Huai's preparation for Xinpu Refining & Chemical, his eyes were mainly on the chemical intermediate raw material market.

When organizing the design of Xinpu refining and chemical production plan, including the subsequent development of Xinpu refining and chemical industry cluster, it is mainly inclined to the petrochemical aspect.

Therefore, there is no strong conflict with the National Offshore Oil Corporation and Vice Premier Xu Zhihua's instructions, and the concessions that can be made are all reckless and deserved.

In terms of technical and human resources cooperation, CNOOC has also made certain concessions, in addition to sending personnel to the board of directors, not only directly to the operation management.

The cooperation between the two local refining companies that have cooperated with CNOOC and even the overseas oil companies that have cooperated with CNOOC in personnel training, talent and technology introduction will be determined by Xinpu Refining & Chemical and will no longer be a mandatory condition of the joint venture agreement, which will help maintain the duli nature of Xinpu Refining & Chemical.

Shen Huai didn't hold any signing ceremonies or groundbreaking ceremonies, and Cao Guangming, as a director-level official, came to Donghua three times before and after, all of which went directly to Xiapu without informing the city.

Cao Guangming looked at the storage tank foundation pile project in the refined oil depot area is almost coming to an end, and the outside of the refined oil and chemical storage area, the chemical and refined oil terminal with high pile prestressed beam and plate structure, has already entered the actual construction stage, and couldn't help but smile with Shen Huai: "I only heard that you are bold and wild, but I still lack practical feelings......

Shen Huai smiled and said, "Although people are staring at, there are many things that you can take a step ahead of others if you step up on your side." As for the risks, when can there be no risks? Just prepare for the worst. And as far as the economic situation is concerned, the more nervous you are, you can let go of your hands and feet, because at this time, it is easier to see the trough there......"

Cao Guangming looked at Shen Huai, who was more than one round younger than himself, shook his head and smiled, thinking that CNOOC's listing plan could be one step faster, maybe it would really pass, and it would not be dragged like this.

If there were not so many scruples, the listing could be advanced three or five months earlier, and perhaps a billion dollars of financing would have been received, without the need to endure the current torment.

The location where Cao Guangming and Shen Huai stood was a small hill called Zhuma Mountain on the west side of the chemical and refined oil depot area.

The top of the hill is not high, just thirty or forty meters, these years of indiscriminate felling, the vegetation on the hill has been almost destroyed, and the replanting are all small saplings, which look sparse and sparse and not large-scale, but the existence of this hill forms a natural safety isolation zone between the chemical reservoir area and the resettlement residential area on the west side.

The next plan is to build a green belt to move a few villagers on the mountain, but now there are many places to use money, and only some vegetation restoration work will be done on Zhuma Mountain for the time being.

Zhuma Mountain does not look tall, but it is a high point near the shore, and people can walk up to see the first phase of the Xinpu Steel Plant, the iron coal wharf, the coal storage yard of the coal trading market on the southernmost side of the coastline, and the two 20,000-ton coal transfer terminals under construction.

Although there is no news about the operation of Xinpu Steel Mill, you can see that the two blast furnaces are in operation from a distance, but they are not clear about the difference between trial production and official production, and Cao Guangming will not ask these things that have nothing to do with Xinpu Refining and Chemical.

About a kilometer away from the storage and transit base of the coal trading market, there is the Xinpu Power Plant and the coal delivery terminal, which are also officially in operation and are transmitting electricity through high-voltage towers.

On the northeast side of the power plant, there is a Xishan Island, which may not be separated from the coal wharf of the power plant for one kilometer, and the narrow water depth between it and the coast is a natural dock port, and the Hengyang Shipyard was built along the west bank of Xishan Island.

Further north is the integrated dock area.

At present, there is only one multi-purpose wharf in the comprehensive wharf area, which takes into account the ro-ro loading, but there is also a coastline development space of about three kilometers between Xishan Island and the chemical wharf and the reservoir area.

The Xinpu Freight Station and Automobile Logistics Base of the East Extension of the Xudong Railway are built on the west side of the comprehensive wharf area, which is also the intersection of the end of the East Extension of the Xudong Railway and the Xinpu Avenue, that is, the Xinpu section of the Haiphong Highway.

There are also railroad tracks coming out of the freight station and connecting with the steel mill and the coal storage and transfer base on the south side, presumably a special line for transporting coal, and the railroad tracks with the refined oil depot area have not yet begun to be laid, but they will be indispensable in the future.

On the east side of the chemical and refined oil depot area, there is Xiaochencun Island, the main plant area of Xinpu Refining & Chemical Co., Ltd., a comprehensive wharf for personnel, construction vehicles and equipment, and a port road on the north side of the chemical depot area, and two crude oil terminals with a total annual throughput of more than 800 tons are also under construction.

With a huge investment of 5 billion yuan, it will naturally be able to build this place into the largest refining base in Huaihai Bay and not many in the country.

However, Cao Guangming sees that Shen Huai will not stop there, and Xinpu's established industrial development plan has already begun to plan for the reclamation project on the north side of Xiaochencun Island, and the newly reclaimed land will be used for the development of Xinpu Refining and Chemical Phase II, and on the north side of the chemical reservoir area and Shugang Highway is the planned petrochemical industrial park.

The investor will build a factory in the petrochemical park to undertake the supply of chemical raw materials for Xinpu Refining & Chemical, which will greatly save transportation costs.

After the construction of Xinpu Refining and Chemical Industry is in full swing, Cao Guangming estimates that the investment promotion of the petrochemical industrial park will soon take shape, while Xiapu County has taken the lead in the construction of petrochemical warehousing, logistics, fire protection, water supply, power supply, sewage treatment and other supporting facilities.

Cao Guangming, as the main person in charge of the preparation of CNOOC's refining and chemical industry base in Maoming, naturally does not have an understanding of the refining and chemical industry.

It's just that seeing the preparations and supporting work made by Xinpu for the development of the petrochemical industry, Cao Guangming felt deeply ashamed, thinking that the people at the top of the entire industry are usually not lacking in vision, and there will not be much gap in professional ability...... Cao Guangming said to Shen Huai: "The head office is preparing to build a refinery in Maoming, and the local government is also determined to build Maoming into a petrochemical industrial base comparable to Zhenhai. Previously, everyone felt that the investment and promotion of all aspects of the work were very successful. The postponement of the listing plan is a blow to us, but to be honest, after coming to Xinpo, Xinpu has hit us even harder......"

Shen Huai said with a smile: "Cao always wants to relax our essence, once the construction of CNOOC's refinery in Maoming starts, the subsequent development of Maoming's petrochemical industry cluster will also follow......

Cao Guangming knew that Shen Huai was saying kind words, and the Maoming plant didn't know how long it would take to start, even if the Maoming plant started construction with a scale of 10 million tons, the refining and chemical industry on Xinpu's side would not stagnate if it was said.

Looking at it again, although there are about twelve kilometers of high-quality coastline from the southernmost steel mill to the northernmost chemical terminal, the framework of the central port area has been erected. To the north and south of the central port area of Xinpu, there are still twenty or thirty kilometers of development space reserved, which really makes people yearn for the development of Xinpu Port in the future......