PetroChina, Sinopec and CNOOC (“ three barrels of oil &rdquo) have big moves. The assets of the pipeline will be split and merged into “ the new pipe network company ” Previously, “ three barrels of oil ” had conflicting split, can the new company succeed? Come on and see it!
According to Hongkong economic daily, the mainland will vigorously promote the reform of the oil and gas industry this year. The 3 major oil companies, PetroChina, Sinopec and CNOOC, will split their pipeline assets and inject a new pipe network company with a valuation of 300 billion to 500 billion RMB.

Bloomberg information reported that the central government will announce the plan for the separation of pipeline assets of the three state-run oil companies before the peak of gas consumption in winter. Starting today, there will be less than 6 months.
“ new pipe network company ” how to form it?
It is expected to be carried out in 3 stages.
1, CNPC, Sinopec and CNOOC peel off their pipeline assets and employees and transfer them to the new company, and then determine the share ratio of the new company according to the valuation of their respective pipeline assets.
2, after the new pipeline company has been injected into its assets, it will introduce about 50% social capital, including the national investment fund and private capital, and the new fund will be used to expand the pipeline network.
3, the new pipe network company will seek to go on the market.

“ what's the size of the new pipe network company, &rdquo?
New pipe network company: the valuation is about 300 billion to 500 billion yuan.
Oil and gas pipeline length: up to tens of thousands of kilometers.
“ new pipeline company ” can it be successfully established?
Since the start of the 2014 oil and gas reform, there has been controversy.

The industry generally believes that the reform of oil and gas system means that at present, &ldquo and three barrels of oil ” the monopoly oil and gas pipeline network will be gradually open to third parties, &ldquo and three barrels of oil ” the oil and gas pipeline network of each operation may also be interconnected.
At this time, China's natural gas pipeline network, which is about one hundred thousand kilometers long, accounts for more than 8 of China's total natural gas pipeline network, and its monopoly degree is very high.

PetroChina had objected to the proposal to spin off the assets of its company's natural gas pipeline and set up an independent national pipeline company.
Fu Chengyu, the former chairman of Sinopec, has also said that if the pipe network assets of the oil enterprises are split out and a pipe network company is built, it is not conducive to the management and operation of the state-owned assets.
The state energy administration has previously set aside for the cooperation of the three oil companies to promote the fair and open regulation of the oil and gas network facilities (Trial Implementation) to promote the natural gas infrastructure, such as the natural gas infrastructure, and open to the third parties without discrimination.
Many problems are difficult to solve!
Some CNPC pipes have been put into foreign investors, and how to explain them to investors has become a problem.
In what way will the new company be raised to raise money?
Will the new company become a new monopolist?

As part of the reform plan for the oil pipeline network, China is pushing the pipeline assets of the three state-owned oil and gas companies into one company.
But “ new pipe network company ” has the established congenital condition.
1, the pipeline network reform is in line with the basic idea of natural gas and electricity reform.
&ldquo, in accordance with the overall idea of controlling the middle and opening the two heads, promoting the electricity and natural gas energy price reform, promoting the diversified competition of the market main body, steadily handling and gradually reducing the cross subsidy and reducing the property of energy commodity ”
2, “ new pipe network company ” the establishment is a national level design.
Earlier, the State Council has clearly proposed the reform of oil and gas pipeline network operation mechanism, through the pipeline and sales separately, so that the oil and gas pipeline open to the third party market.
According to the state's overall deployment of energy field reform, the reform of oil and gas system in China has been brewing in 2014, a preliminary draft was formed at the end of 2015, and a notice on the open work of the opening related information on the opening of the pipe network facilities was issued in September 2016.
At present, our country has already formed a set of documents and regulations on oil and gas &ldquo and &rdquo.
3, from “ three barrels of oil ” resistance decreases.

It is reported that China's oil and gas transmission and distribution links are still highly concentrated in the hands of the three state-owned oil companies, PetroChina, Sinopec and CNOOC, accounting for 85%, 8% and 5%, respectively. Therefore, the attitude of “ three barrels of oil &rdquo is crucial to the formation of a new company.
However, in the past two years, CNPC's attitude towards pipeline network reform has changed.
In July 2017, CNPC issued "China oil painting reform &ldquo, high definition road map &rdquo", which made clear that CNPC should deepen the reform and make substantial steps in the reform of natural gas and pipeline system.
At the end of 2017, the &ldquo of the north of China was swept up and the gas shortage was ” the process of the reform of the pipeline network was accelerated, and the determination of the state to &ldquo and the network reform of the network was also strengthened.
In 2018, PetroChina proposed &ldquo for “ pipeline network ” shared ” signal. In April 2018, Wang Yilin, chairman of CNPC, proposed &ldquo when he participated in &ldquo and &rdquo of the Boao forum for Asia; the construction of Pan Asia oil and gas pipeline network &rdquo was considered as a signal to the open network of China Petroleum.“ three barrels of oil ” the process of spin off pipe network company has the same effect as the former three big telecom companies to spin off assets to the tower company. The telecommunications network has already landed, and the reform of oil and gas pipeline network will be difficult to land.
Netizens' hot discussion
Yo yo: it should be a good thing. Newly established companies, unit level promotion, pipeline workers will also be treated.
Deep forest: oil and gas storage and transportation staff said that working in remote desert Gobi, changing work is impossible, this life is impossible to change work, hope that the new company to improve the treatment of employees.
Disgpf: if we can introduce more competitors and no longer monopolize, the market will develop smoothly.
EE: the pipeline is so important that it should be independent early!
Lao Wang: splitting up, reorganizing, splitting and reorganizing, does this big move produce another giant?