Since the Guangzhou Daily on September 22 the news, declined in the world oil price in the first half of this year largely, in other oil business reductions’ situations, China Petroleum and Chemical Corporation did not insist in abundance the reduction strategy, and ejected home “bare” oil price still to be lower than an American saying, caused the market to it “high quota monopoly profit” question. Yesterday China Petroleum and Chemical Corporation President Wang Tianpu responded said that does not have “high quota monopoly profit”.
China Petroleum and Chemical Corporation President Wang Tianpu responded “China Petroleum and Chemical Corporation high quota monopoly profit” yesterday the topic, said that the Sinopec (quotation stock) does not have “high quota monopoly profit” question.
When Wang Tianpu was a guest of people.com powerful nation forum indicated yesterday that China Petroleum and Chemical Corporation recent years’s benefit had quite a part to turn in as the tax revenue to the country, in addition, decided according to the articles of incorporation and board of directors, in the corporation profit a part serves as the dividend to apportion the investor. The surplus capital is used in the development of enterprise completely.
Although the Sinopec the profit absolute volume is big, but is opposite in the huge property and operation scale, then the profit level is not high. International similar big company average property profit margin and average sale profit margin by far is higher than the Sinopec the level. Wang Tianpu also mentioned before this China Petroleum and Chemical Corporation in the international high oil price time massive imports, “the past few years, was to satisfy the domestic market demand, the Sinopec, in the world market price was higher than in the domestic situation, the organization massive imports, have borne the large amount price margin loss successively for this reason. If this also monopolizes, asked that who is willing to compensate the money to monopolize like this?”
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“Petrochemical double male” is referred to the gain high quota monopoly profit
China Petroleum and Chemical Corporation the net profit 33.19 billion Yuan, grew 332.6% in the first half of this year compared to the same period; The petroleum the net profit amounted to 50.5 billion Yuan in the first half of this year. Two big enterprises have made these many money, but the most people actually happy do not get up, because the gasoline and diesel oil price rises rises again, creates new high repeatedly. Happily those who cause the people not to get up was two big companies has gained that many monopoly profits, including many must share with the foreign shareholder.
China Petroleum and Chemical Corporation and other enterprises gained high quota monopoly profit; first, to rely on to domestic oil resource monopoly; second, every year from national gain large amount subsidy; third, obtains the huge profit from the new refined oil pricing mechanism. Simultaneously has these three superiority, thinks that is not rich difficultly.
(This article originates: Guangzhou Daily author: Xu Haixing) 
