Sino-Russian intergovernmental transaction costs of oil prices stable block valves - oil, credit - Pump Industry
February 17, Chinese and Russian officials on the "loans-for- Oil "The contract details of the agreement, and signed a formal agreement, the China Development Bank will provide Russian oil and Russian oil pipeline companies to provide a total of 25 billion U.S. dollars in loans.
Of the agreement, from 2011 to 2030 Russia will supply China through the pipeline a total of 300 million tons of oil, equivalent to China's current oil imports for nearly 10%. This does not include the head of Russia across Mongolia by rail to China's oil exports.
Interests around the pipe Addition to the oil supply agreement, the energy negotiations is another central theme of this season promise from Russia to China Moscow Varro border pipeline projects, that is, "Turner line" of China branch. Allegedly, CNPC has signed with Russian oil pipeline in this part of the pipeline design, construction and operation of the agreement, the project may be started after 2010.
"Our preliminary research projects, pre-feasibility work already in place, the future from the perspective of unified planning, group is expected to soon opened to the construction of oil pipeline Bureau issued an order." Chief specialist of China Petroleum Pipe Institute Xin-Wei Zhao said that China and Russia 1 Project 2,400 km planned completion by the end of 2008, but now progress, before the fourth quarter of 2009 should be completed.
China Petroleum Pipeline Bureau, insiders said China-Russia oil pipeline project has been included in its pre-construction plans of major projects, it subordinates the pipeline engineering company from material procurement, staffing and other aspects of the start well prepared. "China is not a barrier pipe, assuming that we will through the pipeline can not believe that group even when the tank truck transportation, they will enter into China, into the Russian oil refineries." He said.
Loans for oil has always been a kind of exchange the operation mechanism of interest. The sources said Russia has been in the pipeline to take the issue of demand in Japan beat China, which when added to the charge line leading to the uncertainty of the Sino-Russian border.
"Pacific pipeline to build a building is not as simple as seeing the end of 2009 ready to go to the Russian border, and Russia must allow the pipeline to bring greater benefits for her." PetroChina International Cooperation Company is in talks on oil in the Sino-Russian energy major operator instead, a source close to the company's China Institute of Petroleum pipe disclosed, the Russian source of oil transportation to China for the movements after the idea has to meddle, "This makes the oil much uncomfortable. "
He pointed out that Russia is building the "East Siberia? Pacific channel" to reach the border between China and Russia, the Chinese company CNPC Daqing oilfield in Heilongjiang have plenty of refining capacity, can absorb the oil.
But Russia wanted this black gold in addition to arterial outflow of oil to repay the loans in China, but also want to crude oil delivered to Tianjin to lose, where if the joint venture by China and Russia Eastern Petrochemical (Tianjin) Corporation Refinery, Russia side will get more revenue.
New model of oil trading "Russia hopes to end the 15 year of protracted negotiations, the current crude oil futures prices do not support Russia hopes to sell to China price." China Institute of Contemporary International Relations, a research fellow at the Russian long-Wang Li told reporters.
Russia can expect to wait until it times of high oil prices come again? I am afraid of the possibility is very small.
Speculation demand from China, people should see that China is using the hands of powerful effects and changes in foreign exchange reserves of oil trading patterns. Not long ago, President Hu Jintao on China's largest oil importing countries to visit Saudi Arabia, so that Russia felt the pressure: the global economic downturn, China is accelerating the diversification of oil imports. "Saudi Arabia is followed by other Central Asian oil output power, Russia should know that China has two trillion in the hands of the purchasing power." Concealed commented.
Present, the U.S. Government has made clear that it will not act as a financial institution's role in the collapse of support the market, the investment bank Goldman Sachs and other financial manipulation of the behavior of crude oil futures, is undoubtedly a blow. "Now, led by crude oil futures prices have lost all large ultra-high base." Wu Jiandong think.
In this case, the Chinese created the bulk of this oil deal between the government model, long-term oil prices will undoubtedly play a stabilizing Valve Role.
Main stage spot oil trading, futures, barter three ways. Wu Jiandong analysis, with significant trading patterns of color makes the government through government contract negotiation between the large oil and gas disputes and will become a consumer of oil and a new balance between the leverage and trading models.
"This transaction is limited to government action, although the Russian oil and gas for sale, but through this trip to Saudi Arabia, President Hu Jintao, Russia should be well aware of China's future will be more use of government power to promote trade in the determination of bulk . "Wu Jiandong think.
Although countries in the world are advocating a market economy, but at any stage, as the government will not completely withdraw from. Such as government promotion and coordination of trade effect, are the most important prerequisite, basic, and Pushing Hands, the new model will allow the oil trade and development strategy of China's energy reserves more complete.
"If the current round of financial crisis lasts 3 to 5 years, the bulk of China's trading patterns to create more and more countries will apply." Wu Jiandong said.
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