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The coastline of East China is tortuous and long, but the terrain of East China is flat, mostly alluvial plains of rivers, and the offshore waters are shallow water filled with silt. Pen % fun % Pavilion www.biquge.info

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

Although there is no suitable deep-water channel along the coast of Xinting, there is a section of platform in the south of Xinting that slides into the trough, intermittently, forming an offshore island, the island is immersed in seawater, it is a landform of steep peaks, and the special tidal channel is formed near the mouth of the small river, which makes the deep-water channel resources of Xinting better than Wenzhou.

The Wenzhou deep-water port could be built along the coast, and the deep-water port in Xinting had to be built on an island several kilometers offshore, on the one hand, to build a new passage between the island and the land, and on the other hand, the island had extremely limited land for port development, and large-scale reclamation works were needed to obtain land for development.

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

In 99 years, the price of domestic industrial land was different from place to place, but in order to attract investment, all localities introduced extremely preferential policies, and the actual transfer price of industrial land was below 100,000 yuan per mu, mostly around 350,000 yuan, but the cost of reclamation of land from the sea, which was relatively low, was also more than 150,000 yuan per mu.

The Dongshan Port Economic Development Zone will enclose 400 square kilometers of tidal flats as industrial reserve land, and the total investment in this part alone will be close to 100 billion yuan. Such a high cost is also the fundamental reason why Dongshan Port has been planned for more than ten years, but the country has never been able to make up its mind to build it.

With the development of the domestic economy, foreign trade, especially the increasing dependence on foreign energy and industrial raw materials, and the transportation of giant ships of more than 100,000 tons in ocean shipping, the advantages of deep-water seaport resources have gradually become prominent, and the port construction project of Dongshan Island has gradually had the advantage of marginal benefits.

Tens of millions of tons of steel industry base, the first phase of the reclamation project is only four square kilometers, the investment will be more than one billion yuan, to change to other places to take land, to pay two or three billion yuan to the local government, even if it is quite polite, but compared with the deep-water seaport after the completion of the deep-water port in the cost of raw material transportation to provide advantages, at this time the extra payment of more than one billion construction costs, is nothing.

Such a simple and straightforward cost comparison is also applicable to heavy refiners.

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

Wenzhou Port is the territory of Sinopec, which 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. It is impossible for PetroChina and CNOOC to squeeze into Wenzhou in eastern Zhejiang, and the newly added Xinting Dongshan Port is the focus of changes in the oil market in East China, and East China is the most important region for domestic oil consumption.

When Zhang Ke considered promoting the construction of the port on Dongshan Island, he never worried about not being able to attract investment in heavy-duty refining and oil refining projects, and when planning the Dongshan Port Economic Zone, steel, shipbuilding and refining were planned as the pillar industries of Dongshan Port.

In '98, the annual crude oil import volume reached 40 million tons, and because domestic crude oil production is becoming more and more stable, it is very difficult to increase it by a large margin in a short period of time, and almost every new oil demand in the market in the future will depend on imports -- experts at home and abroad have predicted that China's total annual oil imports will reach 180 million tons by 2020, and they predict that crude oil prices will stabilize between $22 and $24 per ton in the future. Zhang Ke knew that by the end of 07, domestic oil imports would approach 200 million tons, and the peak of international crude oil prices would approach the limit of $180 per ton.

If the state opens up the door to oil refining and crude oil imports for private capital, Zhang Ke will of course not hesitate to direct Kumho Commercial to rush into the fields of crude oil imports, refining and refined oil sales, but he knows very well that the central government's policy in the field of basic energy will only be the three super central enterprise aircraft carriers of PetroChina, Sinopec and CNOOC in the domestic refined oil market, plundering huge profits.

Of course, because CNOOC has long been engaged in oil and gas exploration of the upstream enterprises, in the refining and sales of refined oil and other petrochemical raw materials refining and sales, PetroChina, Sinopec has a natural disadvantage, but it does not mean that CNOOC does not want to break through under the pressure of PetroChina and Sinopec, on the other hand, PetroChina and Sinopec do 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 subject to direct administrative intervention by the central government, they all have their own interests.

Because 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 care of Xinting for a while, in fact, CNOOC has left an excellent gap to enter the crude oil refining and refined oil sales market.

In '98 and '99, PetroChina, Sinopec, and CNOOC were all in the initial stage of industrial monopoly, and they had not yet plundered enough windfall profits from the domestic oil market, and the annual profits of PetroChina in the future were often more than 100 billion yuan, and the annual profits of PetroChina in '98 were only more than 10 billion yuan, and the annual profits of CNOOC, which had only been engaged in the pure upstream business of oil and gas exploitation for a long time, were even lower.

The investment in heavy-duty refining projects is more than 10 billion yuan, and the investment scale is small, which cannot reflect the cost advantage of deep-water seaports and ocean transportation, but the projects of more than 10 billion yuan are still a bit huge for CNOOC at this time.

Although there is no concern that Dongshan Port will not attract investment in heavy refining projects after completion, it is common for such large-scale projects to drag on for seven or eight years.

Now, Jiangnan Province is focusing its economic recovery expectations on Xinting, and the sooner Xinting forms economies of scale, the more it can lead to economic growth in other regions. Not only is the hope of economic recovery and growth in Jiangnan Province pinned on Dongshan Port, but Tang Xueqian, who is in charge of the construction and industrial development of Dongshan Port in the province, can gain a firm foothold in Jiangnan and also rely on the rapid development of Dongshan Port to a considerable extent. Even for the sake of personal achievements, Zhang Ke also wants to help Tang Xueqian promote some large-scale projects in Xinting as soon as possible, and of course he doesn't want the refining and chemical project in Dongshan Port to be delayed for seven or eight years, and the dishes will be cold if they are delayed 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, not only to promote CNOOC to build a refining and chemical base in Xinting, but also to be more daring, to break the central government's unified deployment of the integration of petrochemical upstream industries, and let CNOOC implement the integration of Jinshan Petroleum -- although in the unified deployment of the central government, Jinshan Petroleum should be accepted by Sinopec, but Sinopec is so neglectful of Jiangnan Province, and Sinopec has already built a refining and chemical base in Wenzhou City, so that Sinopec can accept Jinshan Petroleum. It will definitely delay the development of Jiangnan's refining and chemical industry, and cooperation with Sinopec is fundamentally not in line with the local interests of Jiangnan Province.

Of course, this will offend Sinopec, but Sinopec is so neglectful to the local government in Jiangnan Province, and the local government in Jiangnan Province still has to give them a good look, which is really cheap -- winning over CNOOC is what needs to be done now.

Zhang Ke and Tang Xueqian discussed for a long time in the study, discussing which aspects are easier to start, and if CNOOC really wants to see the possibility of integrating Jinshan Oil, they will naturally stand up and charge.

It took less than half a year for the official start of the construction of Dongshan Island port, and the completion of the first phase of the project will be two years later, but it is imperative for the Xinting port economy to rise and become a pole in the overall economic situation of Jiangnan Province.

In addition to the 400 square kilometers of tidal flats within the planning red line of Dongshan Port Industrial Zone, Xinting has also allocated nearly 100 square kilometers of industrial land. The cost of tidal flat reclamation project is extremely high, but the cost of land demolition and leveling is very low, Dongshan Port only needs to attract investment with deep-water port resources and the state's preferential policies for the port industrial zone, and does not need to learn from other regions to lower the price of industrial land to attract investment, as long as all the land transfer prices are equal to the cost of land reclamation, Xinting will obtain tens of billions of benefits in the transfer of industrial land, and can compensate for the infrastructure investment in the port industrial zone to the greatest extent. To alleviate the financial pressure of provinces and cities, the key to the provincial and municipal port industry governments is to introduce some core and high-quality industrial projects.

The current advantage of Jiangnan Province is that the opinions of the provincial party committee team on the development of the economy are highly consistent, and the division of labor and responsibilities is also very clear, Xu Xueping has the determination to break the kettle, and does not play the set of checks and balances in the province, who should go down, who should go to prison, are not ambiguous, withstand the greatest pressure, the pressure on the economic work of the provincial government has been reduced a lot, and the speed of decision-making is also rare in other places.

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

At this time, CNOOC Limited is only planning the production support base and storage base, and there is still a way to go before the real decision-making investment and construction.

This project seems to be very ordinary in China, with a total investment of only more than one billion, compared with the infrastructure investment of 20 billion yuan in Dongshan Port, compared with the 10 million-ton steel industry base project, it is not eye-catching at all, and it is even far less than the investment in Yangpu Shipbuilding Industry Base.

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

China has been conducting oil and gas exploration in the East China Sea since 74 years, and has discovered a number of oil fields, and in 95 years, Hongxing Company successfully drilled oil in the East China Sea demarcation area, and because China's offshore oil and natural gas resources are monopolized by CNOOC, the offshore oil well construction task in this area has been transferred to CNOOC, which will also be the largest offshore oil field that China has invested in the construction of in the East China Sea.

The demarcation oil and gas field is only 10 kilometers away from the boundary line between the East China Sea unilaterally demarcated by the Japanese side, and the Japanese side believes that a considerable part of the entire oil and gas field is in the RB waters, and the CNOOC mining point is the basin floor (depression zone) of the entire oil and gas field. On the other hand, Japan's exploration of oil and gas resources in the East China Sea has just begun, and it cannot compete with China for seabed oil and gas resources in this region, so 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 demarcation oil and gas fields is carried out on China's offshore continental shelf, which is completely undisputed with the Japanese side, some officials of the central ministries and commissions are still ambiguous and unclear in their attitude considering the diplomatic relations with the Japanese side, and sometimes support CNOOC's project, and sometimes hesitate to make a decision.

As the direct import of oil and gas resources in the demarcated sea area, the local governments of the East China Sea and Jiangnan Province naturally hope that the central government will take a tougher attitude, promote the launch of the entire project as soon as possible, and give priority to the development of the oil and gas field in the offshore oil and gas resources of the East China Sea.

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

"RB's attitude towards the demarcation of oil and gas fields has changed, and it is proposed that Mitsui Petroleum Exploration Company jointly invest in the development of Chunxiao oil and gas resources, and the income from oil and gas resources will be distributed according to the proportion of investment." Without outsiders, Ye Jianbin would not be restrained in front of Tang Xueqian, sitting together and talking at will, only Meng Xueqing still maintained a restrained posture.

"Everything has to do with Mitsui," Zhang Ke spat out a foul sentence, "In the undisputed sea area to exploit oil and gas, it is necessary to be so skeptical of the Japanese attitude?" He asked Ye Jianbin again, "What is the attitude of those officials in the central ministries and commissions?" ”

"The bigwigs are silent, but there are officials in charge of the Energy Bureau within the Development Committee of the Planning Commission who clearly support this proposal," Ye Jianbin was also annoyed when he heard the news, and he calmed down at this time, and his tone was a little more disdainful, "The officials who support this proposal also want to try to pull the problem out of politics, saying that the cost of offshore crude oil exploitation is slightly higher than the international crude oil price, and the current international crude oil price is still declining, and there is not much interest in it, and attracting Mitsui's investment is not a betrayal of national rights and interests. It is only the introduction of foreign capital into the domestic oil and gas exploration field, and it can also share the investment pressure of CNOOC. ”

"It's really, if the field of crude oil exploitation can be opened to foreign capital, should it be opened to private capital? Kumho can come up with three or five dollars to invest in the Demarcation Oil and Gas Field, I don't know what the faces of these officials are? Zhang Ke sneered helplessly.

Although the cost of offshore crude oil exploitation is very high, it is mainly supplied to refineries in the East China Sea and Jiangnan region, so it has the advantage of transportation and can also obtain meager profits. At present, the meager profits are secondary, and the increasing dependence on crude oil imports in China can steadily promote the rise of international crude oil prices even if only the speed of China's economic development is considered.

"Oh, and they're still in the name of technical cooperation." Ye Jianbin said.

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

"Don't expect the Japanese side to be so stupid." Ye Jianbin said with a smile.

"Of course they're not that stupid." Zhang Ke shook his head helplessly and smiled, the development of the domestic offshore oil and gas exploitation equipment industry will only further promote the exploitation of oil and gas resources in the East China Sea, and he also envisioned that the Dongshan Port Industrial Zone should attract offshore oil and gas exploitation equipment projects, so that Dongshan Port will form a complete industrial chain of offshore oil and gas exploitation service support, equipment support and crude oil refining.

Tang Xueqian said: "It is still necessary to contact the senior management of CNOOC to see what kind of attitude CNOOC has, after all, CNOOC is a direct participant, CNOOC can resolutely resist, and other talents are better to stand up and speak." "PetroChina, Sinopec, CNOOC are all ministerial-level enterprises, the actual positioning, slightly lower than the provincial and ministerial level, but higher than the deputy ministerial level, the Planning and Development Commission Energy Bureau only belongs to the director level, in charge of the deputy director of the Planning and Development Commission is only at the deputy ministerial level, since the problem is discussed outside the politics, CNOOC can completely negate the internal meaning of the Planning and Development Commission.

"Can you 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, and the production support base project is only in the preliminary negotiation stage with Xinting, and CNOOC does not need high-level executives of his level to participate in the plan, but Jiangnan Province suddenly attaches great importance to this project, and Executive Vice Governor Tang Xueqian personally came to Xinting to promote this project, and CNOOC will not slack off.

This also has the meaning of concubine, and it can be seen from CNOOC's positive attitude that CNOOC still has some expectations for opening a gap in the refined oil market from Jiangnan Province.

It's just that tomorrow's meeting is a bit formal, and he is not familiar with Liu Chengwei, so it is not appropriate to talk about this issue rashly, Tang Xueqian frowned, and it seems that he has to find another way.

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

"How?" Ye Jianbin turned his head and asked Zhang Ke.

Kumho Corporation has no business ties with CNOOC, and it would be too much for Kumho to talk to Liu Chengwei to prevent Mitsui from participating in the development of the demarcation oil and gas field on behalf of Japan.

"Let's not talk about this for now," Zhang Ke smiled and said, "Let's talk about CNOOC's listing in Hong Kong - there are too many restrictions on private capital entering the oil industry in China, and these restrictions will not be relaxed in the past ten years, Kumho will not directly set foot in these fields, but PetroChina, Sinopec and CNOOC are actively promoting overseas listing plans, and want to enter the overseas capital market for financing, Kumho indirectly enters the domestic oil industry in the form of overseas capital investment, which is also feasible......

"This is a good way, and CNOOC's listing plan in Hong Kong seems to be a little lacking in the enthusiasm of investors," Ye Jianbin nodded and asked again, "But you can rest assured about these central enterprises?" ”

"Not to mention the future development of the oil industry, CNOOC Limited has long cooperated with international companies in the field of offshore oil exploitation, and in terms of management, it has the highest degree of internationalization, not to mention profitability, and the asset quality is quite good," Zhang Ke said...... Kumho not only had to personally participate in CNOOC's Hong Kong stock market offering, but also help them find more capital partners among Chinese businessmen in Southeast Asia – and in this way, we have enough reasons to support CNOOC Limited to use the platform of Dongshan Port to enter the refined oil market. ”

Zhang Ke probably remembered that CNOOC's attempt to list on the Hong Kong stock market in July '99 was seriously frustrated, and CNOOC, which was determined to be listed on the Hong Kong Stock Exchange, was almost stunned at that time, which in turn affected CNOOC's layout in the domestic and foreign oil industry chain. At this time, it is already May, and I believe that the top management of CNOOC has already felt the crisis from the Hong Kong capital market, and Kumho should not be rejected if he stretches out a hand.

At present, although it is said that it has come out of the shadow of the Asian financial crisis, the expectation of economic contraction is still very strong, and the new wave of science and technology is desperately surging, but the life of traditional industries is not easy. The biggest factor in the failure of CNOOC's listing was that the crude oil market was oversupplied in '99, the price of crude oil continued to decline, and the cost of offshore oil exploitation was very high, and CNOOC's business area was very narrow; once the price of crude oil fell below the cost of offshore exploitation, CNOOC Limited would only have a net loss, and other means to make up for the loss were not enough for the time being.

No matter to what extent CNOOC's offshore oil franchise will be invaded by PetroChina and Sinopec, as long as CNOOC has complete market access in China, it is enough to be worthy of Kumho's high-profile participation in CNOOC's overseas listing.