| APP下载

Foreign players to boost oil and gas exploration

BEIJING - As a vital step in easing market access for foreign investors

BEIJING - As a vital step in easing market access for foreign investors, China has announced opening up the upstream exploration of its oil and natural gas resources by scrapping joint-venture restrictions.

Taking effect on July 30, the move aims to attract overseas participation in the field and advance the country's ongoing reform of energy systems.

Spurred by the growth in energy consumption, China has become the world's largest importer of crude oil and natural gas, with its dependency on foreign crude oil and natural gas hitting 69.8 percent and 45.3 percent, respectively, in 2018, according to China National Petroleum Corp.

ALSO READ: Natural gas consumption surges in China in 2018

In contrast, the country's crude oil output had slipped for three consecutive years by the end of last year.

Commenting on the situation, Lin Boqiang, director of the China Centre for Energy Economics Research at Xiamen University, said the measure to facilitate overseas investment in exploration will inject impetus into China's oil and gas production.

"China boasts advantages in technologies of exploring conventional oil and natural gas but lags behind some foreign counterparts in unconventional exploration," Lin said. "It is, therefore, necessary to promote international cooperation in the unconventional sphere."

The measure is highly praised by leading overseas energy companies who expect wider market access and more opportunities in China.

Yang Xiaoping, president of British Petroleum China, said the decision will boost the Chinese energy market, create a business environment with more fairness and openness and further accelerate the technological upgrading of the country's oil and natural gas exploration.

"Lifting market restrictions for the natural gas exploration will facilitate the use of clean energy in China, speeding up the country's transformation into a low-carbon development model," Yang said.

Describing the opening-up move as "inspiring", Zhang Xinsheng, executive chairman of Shell Companies in China, said the energy and petrochemical giant will enjoy more business opportunities and have more investment options in related industries with broadened market access.

Zhang added that Shell values the cooperative relationship with its Chinese partners and will continue to bring its cutting-edge technologies and professional capabilities to China.

READ MORE: Natural gas trading on Shanghai exchange posts new high

Despite the pressure from the inflow of foreign players, Chinese energy companies are competitive enough and the two sides' high complementarity in technologies leads to cooperation, Lin said.

The opening-up of exploration is a crucial part of the revised negative lists for foreign investment market access, which allows foreign investors to run majority-share-controlling or wholly-owned businesses in more sectors.

Thanks to its continued efforts to open up wider, China attracted a record high foreign direct investment of US$138.3 billion last year, bucking a global trend of FDI slide. In the first five months of this year, the country saw FDI inflows of US$54.6 billion, up 3.7 percent year-on-year.

  • 台风天外卖平台应停止派单
    8月10日21时许,上海市第六人民医院抢救室收治了一名触电的外卖送餐员。
  • 人民网评:总书记的回信纸短情长,见证为民大爱
    纸短情长,见字如面。从脱贫攻坚,到志愿服务;从大学校园,到民营企业;从祖国边疆,到创新一线……党的十八大以来,习近平总书记多次给基层干部群众回信,饱含深情、字字暖心、催人奋进,体现着心心相印的人民情怀,蕴含着对治国理政的深刻思考,表达着对奋进新时代的殷切希望。
  • 人民快评:止暴制乱,媒体的“机位”不能跑偏
    偏袒一方拉偏架的,一定不是好仲裁;向着一方吹黑哨的,一定不是好球证;抛开事实真相只会煽风点火的,一定不是好媒体。获取这些常识性的体验和判断,不需要高深学问、丰富阅历,稍微动脑想想即可。
  • 机票默认搭售为何有禁不止
    事实上,机票销售类企业的“默认搭售”行为,早在2017年8月就被民航局发规范明令禁止。
  • 北青报:“破7”不是洪水猛兽
    中国经济持续稳定健康发展,为人民币汇率稳定打下了坚实的基础。我们要提高有效应对各种问题和风险的能力,对汇率变动既要保持战略定力,不因“破7”而惊慌失措,也要在战术上予以高度重视,采取积极措施,有效避免人民币贬值带来的各种挑战,努力保持人民币汇率长期稳定。
  • 坚决支持香港警方严正执法制止暴力
    从围攻立法会、香港中联办,到围攻警署、制造爆炸品等暴力武器,香港近期暴力行为不断升级,已令所有关爱香港的人痛心不已。香港当务之急是坚决支持香港警方严正执法制止暴力,尽快恢复社会安定,维护香港良好法治。
  • “保时捷女”反遭一耳光:公共空间不容耍横
    网络代有热搜出,最新的热门话题是“保时捷女司机当街掌掴男司机遭反削”。事发时间是7月30日上午,地点为重庆渝北区两路附近。
  • 房住不炒!地方政府需向改革和开放要发展
    7月30日,中共中央政治局召开会议,分析研究当前经济形势,部署下半年经济工作。当前我国经济形势怎么看?下半年经济工作怎么干?会议就此给出最新判断和部署,值得高度关注。其中一个表述在网络刷屏——坚持房子是用来住的、不是用来炒的定位,落实房地产长效管理机制,不将房地产作为短期刺激经济的手段。
  • Outside meddling has colored protests: China Daily editorial
    Following the storming of the Legislative Council and the vandalizing of the Liaison Office of the Central People's Government in the Hong Kong Specia
  • “逃避式考研”渐热?青春何妨多些选择
    中国教育在线发布的《2019年全国研究生招生调查报告》中,报考研究生的首要动机为提高就业竞争力,占比为36%;而《2018年全国研究生招生调查报告》显示,考研动机为比较茫然、还没有做好就业准备以及为就业“备胎”,分别达到30%、21%;《2016年全国研究生招生调查报告》则显示,暂时不想就业、逃避步
  • 短视频如何实现长发展
    下班路上“刷一刷”,等电梯时“抖一抖”,吃美食前“拍一拍”……如今,各类短视频应用已融入不少人的日常生活。与此同时,如何有效防沉迷,成为一道现实课题。据报道,在国家网信办指导下,目前国内已有21家主要网络视频平台上线“青少年防沉迷系统”。
  • 大办“升学宴”不可取
    眼下高考录取工作已渐入佳境,不少家长在孩子收到大学录取通知书后,第一件事就是为孩子筹办“升学宴”。
  • 实训“鬼屋扮鬼”止于严惩
    近日,渤海理工职业学院“模块化教学”引发争议。有微博网友爆料称,学校将学生送往外地参与实训,但岗位与专业不符,比如会计专业学生在北京欢乐谷鬼屋扮鬼、检查游戏设备,且工作超时、没有工资。
  • 恶意敲诈快递员何以屡得逞
    “苍蝇不叮无缝蛋”,该事件中,恶意投诉就是“叮”,“以罚代管”的投诉处理机制则是“有缝的蛋”。
  • 人民快评:不上领奖台只能让霍顿显得更矮
    7月21日,在2019光州世界游泳锦标赛男子400米自由泳决赛中,中国选手孙杨豪取四连冠。赛后,亚军澳大利亚选手霍顿拒绝登台领奖,现场观众嘘声一片,例行的合影更是留下霍顿比另两人“矮一截”的奇怪景象。22日,国际泳联发表声明,警告了澳大利亚游泳管理机构和霍顿。
  • 周杰伦粉丝打榜:实力不应被饭圈逻辑捆绑
    近日,周杰伦的粉丝在微博为周杰伦打了一场关于流量的战役。自从周杰伦被质疑微博数据差后,周杰伦的“老年”粉丝便在微博超话的栏目下展开了反攻,号召大家一起为周杰伦“做数据”,转发各种“打榜”教程,表示要冲到超话排名第一位。
  • 如何解救过度使用社交媒体导致的抑郁
    国外一份最新研究显示,在社交媒体或电视上花费过多时间的青少年,其抑郁倾向将显著增强。
  • “三伏贴”火热,监管不能太冷
    近日,有儿童在江西省儿童医院贴完“三伏贴”后皮肤出现瘙痒、灼痛感、水泡等不良反应症状。
  • 守护“襁褓里的安全”,从业限制很有必要
    托育工作人员黑名单制度来了:有虐待婴幼儿记录者禁从业
  • 全民Vlog时代:私生活公众化是件好事吗?
    小H是一名生活在北京的女生,周末早上醒来,她习惯先打开B站观看一段子时当归的vlog再起床。一阵洗漱后,她掏出淘宝上新买的支架,把手机固定在灶台一旁,开始录起了自己做早餐。
重庆华人会信息技术有限公司
华人会(深圳)互联网有限公司
华人会国际开发有限公司
备案号:粤ICP备16030660号-1
HRH (SHENZHEN) CO., LTD.   Copyright © 2015-2018 hrhapp.org   All Rights Reserved.
客户服务:service@hrh.org   商务合作:cobiz@hrh.org

渝公网安备 50010902000754号