According to data just released by the General Administration of Customs, crude oil exported nearly 220,000 tons in March, a year-on-year drop of 70.3%. In January of this year, only 300,000 tons of crude oil was exported, and February’s crude oil exports evened a zero record last February. In February last year, the original export was also zero. In March, the export volume reached 1.31 million tons. Why does China's crude oil exports have a very "coincident" record of zero in the same month for two consecutive years? This reporter learned that this is related to China's policy of no longer encouraging crude oil exports.

- The diesel import and export ban will be implemented

According to the “2007 Catalogue of Prohibited Commodities in Processing Trade” released jointly by the Ministry of Commerce, the General Administration of Customs and the State Environmental Protection Administration, heavy diesel oil, some diesel oil, fuel oil and heavy oil will be prohibited from import and export. From January 1 this year, China has implemented a 5% export tax rate on coal, coke, crude oil and other energy products to limit the export of resource products.

Insiders pointed out that in the 1980s and 1990s, China’s crude oil exports were mainly to implement inter-governmental agreements and maintain cooperative relations between countries. The exporting countries were Japan, North Korea, Pakistan, and Cuba. Most of them were exported to Japan. . Since China's transition from an oil exporting country to a net importing country in 1993, crude oil from China's exports to Japan has suddenly slowed down.

- Crude oil reserve facilities stepped up construction

The new crude oil export policy has a greater impact on domestic foreign trade companies engaged in crude oil exports. Since the end of last year, the price of crude oil exported by China to Japan has been raised by US$6 per barrel on the basis of previous settlements based on international prices. This measure has led to a sharp drop in crude oil export revenue of foreign trade companies. At the same time, since the export of crude oil and other resources adopted a policy of reducing export tax rebates, the enthusiasm of foreign trade companies for exporting crude oil has a greater impact.

Chen Deming, deputy director of the National Development and Reform Commission, recently pointed out at the Boao Forum for Asia that by 2010, China will build an oil strategic reserve equivalent to 30 days of imports. According to the data provided by the “2007 China Energy Development Report” just released by the Chinese Academy of Social Sciences, the total number of days of crude oil reserves in China in 2005 was 21.6 days, and all of them were production stocks and there was no strategic reserve stock.
The manuscript was collated by China Chemical Network. Concerning the current energy consumption situation in China and the continuing instability of international oil prices, many experts have written suggestions that the government should increase oil reserves and prevent risks. Since 2003, the construction of the first phase of the four national oil reserve plans has started in Zhenhai, Ningbo, Lushan, Zhejiang, Huangdao, Shandong and Dalian. In 2005, in accordance with the principle of unified planning, step-by-step implementation, gradual expansion of capabilities, and improvement of reserve allocation, the four bases of the first phase of the State Oil Reserve Base have entered the implementation phase, and the first phase of the second phase and follow-up base construction has been completed. Expand. The largest of these, Zhenhai Base, was completed at the end of 2006 and began to be filled in January this year. The remaining three bases in Dalian, Shaoshan and Huangdao will also be completed one after another in 2008. Guangdong Province, Hainan Province, and Hubei Province are also striving to be included in the list of locations for the next batch of national strategic oil reserve bases.

China's crude oil export policy tightens year by year

As the world's second largest consumer of crude oil, China’s domestic crude oil production capacity is 160 million tons, but crude oil consumption has exceeded 200 million tons. 40% of crude oil is imported or exploited offshore. In November 2004, the Ministry of Commerce announced that it would reduce China’s crude oil exports by 2/3 in 2005. In 2005, crude oil exports further declined on this basis.

Since 2004, China’s crude oil export policy has gradually implemented the “strictly liberalized” policy. For example, in 2004 China eliminated the export tax rebate for crude oil. In August 2005, the National Development and Reform Commission stipulated that, from September 1 to December 31 of that year, the new crude oil processing trade contract will no longer be approved in principle for four consecutive months.

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