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The petrochemical "13th Five-Year Plan" roadmap emerges to promote the reform of refined oil consumption tax

The petrochemical industry "13th Five-Year" development roadmap has surfaced. "Economic Information Daily" reporter learned from many sources, entrusted by relevant departments, since 2014, China Petroleum and Chemical Industry Federation (hereinafter referred to as the "petrochemical Federation") has organized a professional committee on the "13th Five-Year Plan" to carry out a series of preliminary research and drafting work, At present, it has developed and completed the "petroleum and chemical industry" 13th Five-Year "development guide" as the main body, with two special plans such as high-end equipment and 20 professional plans such as natural gas matching the industry-wide "13th Five-Year" development guide system.

According to the plan, the average growth rate of the main business income of the whole industry during the "13th Five-Year Plan" is expected to be nearly "halved" to about 7%, reaching 19.8 trillion yuan by 2020. While focusing on the transformation and upgrading of traditional industries, strategic emerging industries such as new chemical materials, biological chemicals, modern coal chemicals and producer services will be vigorously cultivated. In addition, it will deepen reform and expand opening up, push forward the reform of the oil trading system, relax restrictions on crude oil imports, and establish unified qualification conditions for crude oil traders. It will also push forward the reform of consumption tax on refined oil products, abolish the policy of special oil revenue, and establish a national venture exploration fund.

"In the next five years, the weak recovery of the world economy, the increase of uncertainties, before 2020, the international oil price should be low and then high, but will not return to the high price (80 US dollars/barrel), in the low volatility should be the norm. China's economic development has entered a new normal, the deep adjustment of the industrial economy will continue, the growth of demand for petroleum and chemical industrial products as pillar industries will also slow down, the market competition in East and Southeast Asia will become more intense, and the rise of new business forms and new technologies will bring greater uncertainties." Li Shousheng, president of the Petrochemical Federation, previously analyzed.

Therefore, the main direction of the "13th Five-Year Plan" is to focus on the transformation and upgrading of traditional industries, in accordance with the principle of strict control of increment, differentiated treatment, classified policies, and gradual resolution, orderly promote the construction of petrochemical industry bases, improve the layout of petrochemical projects supporting the China-Russia, China-Myanmar, China-Kazakhstan onshore crude oil import channels, and strictly limit the expansion of new refining capacity and chemical product production capacity. Speed up the elimination of 2 million tons or less of oil refining projects, oil quality and environmental protection do not meet standards.

Another major direction of focus is to vigorously foster strategic emerging industries. New chemical materials to high-end polyolefin plastics, engineering plastics, special rubber three key areas for breakthrough, and strive to drive the industry's overall self-sufficiency rate to increase to more than 80% in 2020. Modern coal chemical industry is in eastern Mongolia Yimin, Xinjiang Yili, northern Shaanxi, Ningdong and other places to build six key industrial bases, by 2020 coal to oil production capacity of 10 million tons/year, coal to natural gas 10 billion cubic meters/year, coal to olefin up to 13 to 15 million tons/year.

At the same time, promote the scale and commercial application of bio-chemical industry such as bio-based new materials, bio-based chemicals and bio-fuels, and strive to reach 5 million tons of biomass fuel ethanol production and 2 million tons of biodiesel production at the end of the 13th Five-Year Plan. In addition, it will accelerate the development of producer services such as third-party logistics, inspection and testing certification, and e-commerce.

The development of these industries also depends on deepening reform and expanding opening up. It is understood that the upstream exploration and development of the oil and gas industry has been monopolized by CNPC, Sinopec, CNOOC and Yanchang Oilfield, and the right to import crude oil is also concentrated in five major companies.

During the "13th Five-Year Plan" period, the reform of the oil trade system will be promoted, the restrictions on crude oil imports will be relaxed, and the qualification and right of use will be granted to eligible refining enterprises to import crude oil. At the same time, the policy boundary between state-owned crude oil trade and non-state-owned crude oil trade will be broken in a timely manner, and unified qualification conditions for crude oil traders will be established. We will improve the export quota management methods for refined oil products, make full use of the policy advantages of free trade zones and free trade zones, and speed up the construction of crude oil futures markets.

At the same time, the reform of oil and gas prices will be pushed forward to establish a market-determined price mechanism. We will basically lift the prices of refined oil products around 2017, rationalize the prices of natural gas in an all-round way, accelerate the liberalization of natural gas resources and sales prices, implement government pricing for natural monopolies based on networks, and properly handle and gradually reduce cross-subsidies.

The petrochemical federation also proposed in the plan to promote mixed ownership reform and promote the common development of state-owned enterprises and enterprises of other ownages. In addition, it will push forward the reform of consumption tax on refined oil products, cancel the policy of special oil revenue, and establish a national venture exploration fund. It will increase policy support for unconventional oil and gas such as shale oil and gas and tight oil and gas, reduce import duties on natural rubber, and support the development of the China's rubber industry.

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